Heart Health, Inc. Signs Letter of Intent to Acquire Portable Heart Monitoring Device
Posted on: Tuesday, 27 November 2007, 09:01 CST
Heart Health, Inc. (PINK SHEETS: HHEA) is pleased to announce that the Company has signed a Letter of Intent to acquire 100 percent of the assets in the Heart Health Monitor (HHM), from Systems Art Holding Limited. As part of this agreement, the Company will acquire the existing website, technology, all provisional patents and other related assets for an unspecified amount of Heart Health, Inc. common stock.
Systems Art Holding Limited developed the Heart Health Monitor, a portable, non-invasive, single lead EKG used in the early detection of heart disease. This device has been designed for both home and institutional use. The portable monitor uses a simple index which aids in determining heart disease.
Heart Health, Inc. will enter into a consulting agreement with Systems Art Holding Limited, to support the current product development and production of the Heart Health Monitor. The company intends to continue developing state of the art medical devices that are functional, inexpensive, non invasive, and easy to use.
"Heart disease is currently the number one cause of death in the United States. We believe the Heart Health Monitor will greatly reduce the acceleration of heart disease among men and women who proactively check the strength of their hearts and react to poor results with visits to their physicians. We are pleased to be partnering with Systems Art Holding Limited and the qualified team of engineers who developed this device," stated Michael Kron, Chairman and CEO of Heart Health, Inc.
About Heart Health, Inc.:
Heart Health, Inc. is a holding company focused on the development and marketing of innovative, cardiovascular medical products. The Company intends to revolutionize the way in which people monitor the health of their hearts.
Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
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Source: Heart Health, Inc.
Contacts: Investor Relations 1-866-THE APPL(E)
SOURCE: Heart Health, Inc.
Source: MARKET WIRE
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