TORONTO, ONTARIO - September 20, 2013, CardioComm Solutions, Inc. ("CardioComm Solutions" or the "Company") (TSX VENTURE:EKG), a global medical provider of ECG acquisition and management software solutions, today announced that it has issued an aggregate of 175,979 common shares of the Company in settlement of services provided to CardioComm Solutions by The Lightning Group Ltd. ("TLG") and LOLA Social Marketing Inc. ("LOLA"), as previously described in the Company's press release dated September 4, 2013. The common shares were issued at a price of $0.142 per share and represent an aggregate payment of $25,000. TLG received 87,990 shares, while LOLA received 87,989 shares. The shares issued are subject to a four month hold period which will expire on January 18, 2014. TLG and LOLA also received an aggregate of $25,000 in cash for the services.
About CardioComm Solutions
CardioComm Solutions' patented and proprietary technology is used in products for recording, viewing, analyzing and storing electrocardiograms (ECGs) for diagnosis and management of cardiac patients. Products are sold worldwide through a combination of an external distribution network and a North American-based sales team. The Company has earned the ISO 13485 certification, is HPB approved, HIPAA compliant, and has received FDA market clearance for its software devices. CardioComm Solutions, Inc. is headquartered in Toronto, Canada with offices in Victoria, B.C.
For Further Information On Cardiocomm Solutions Please Contact: Etienne Grima, Chief Executive Officer
This release may contain certain forward-looking statements with respect to the financial condition, results of operations and business of CardioComm Solutions and certain of the plans and objectives of CardioComm Solutions with respect to these items. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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