ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

AGP Agromep Sa

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type
Agromep Sa TSXV:AGP TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

CardioComm Solutions, Inc. Signs Agreement to Acquire All Rights to GEMS(TM) 4.0, Heartcheck(TM) ECG Monitor and Heartcheck(TM)

04/06/2011 12:38am

Marketwired Canada


CardioComm Solutions, Inc. (TSX VENTURE:EKG) ("CardioComm" or the "Company")
today announced that it has entered into an asset purchase with MD Primer Inc.
("MDP") under which CardioComm will purchase all rights to the GEMS(TM) 4.0 ECG
management software solution, the Heartcheck(TM) ECG Monitor and the
Heartcheck(TM) PEN Handheld Heart Rhythm Monitor in exchange for 15,677,065
common shares of CardioComm. The shares, which will be subject to a four month
hold period, are being issued at a deemed price of $0.05 per share, for a total
purchase price of $783,853.25. MDP is under the direction of Dr. Anatoly Langer,
CardioComm's Chairman. As MDP is a related party of CardioComm, Dr. Langer
abstained from voting on the transaction when the transaction received board
approval. The issuance of the shares and the closing of the asset purchase are
subject to the approval of the TSX Venture Exchange. 


MDP previously retained CardioComm to update the Global ECG Management Solution
(GEMS(TM)) software to its newest Windows 7 compatible version, GEMS(TM) 4.0,
under a previously announced software development agreement. Under the
agreement, MDP and CardioComm were to share the benefits of the updated
software. CardioComm is now purchasing all rights, title and interest in
GEMS(TM) 4.0 so that it will have the exclusive right to commercially benefit
from the software. Similarly, MDP previously co-funded development of the
Heartcheck(TM) ECG Monitor and the Heartcheck(TM) PEN Handheld Heart Rhythm
Monitor and their integration with GEMS(TM). CardioComm is now buying MDP's
interest in these devices so that CardioComm is able to exclusively market and
distribute them internationally. Readers are invited to visit the Company's
website at www.cardiocommsolutions.com for further details respecting GEMS(TM),
the Heartcheck(TM) ECG Monitor and the Heartcheck(TM) PEN Monitor.


"We appreciate the support shown by MD Primer Inc. to bring the development of
these new products into the pre-production stage. It is important for CardioComm
Solutions to now consolidate our intellectual property rights and assume
exclusive control over our assets in preparation for our next round of product
releases in 2011 and 2012," said Etienne Grima, Cardiocomm's CEO.


In addition, the Company announced that the lawsuit with Anglo German
Progressive I Limited ("AGP") has been settled. Under the terms of the
settlement, the Company will issue to AGP 1,000,000 common shares of CardioComm.
The shares, which will be subject to a four month hold period, are being issued
at a deemed price of $0.05 per share. The issuance of the shares is subject to
the approval of the TSX Venture Exchange. "We are glad that both parties have
now reached an agreement, one that includes the issuance of additional shares to
AGP, an already a significant shareholder of the Company. We look forward to now
resuming our product development plans for 2011 in our efforts to strengthen
performance for all our shareholders, including AGP," Mr. Grima said. 


CardioComm also announced that it has granted an aggregate of 1,100,000
incentive stock options, with 1,000,000 options being issued to Etienne Grima,
the Company's CEO, and 100,000 options being issued to Simi Grosman, an
independent member of the Company's board of directors. The options are
exercisable at $0.10 per share for five years from the date of grant, will vest
equally over a period of 18 months and are subject to a four month hold period.
The grant of options will be subject to the provisions of the Company's Omnibus
Share Compensation Plan, the policies of the TSX Venture Exchange and applicable
securities laws.


About CardioComm Solutions, Inc. 

CardioComm's patented and proprietary technology is used in the wireless and
telephone based transmission, receipt and viewing, analyzing and storing of
single and multichannel electrocardiograms (EKGs), for arrhythmia diagnosis and
management of cardiac patients. The Company's products are sold worldwide
through its external distribution network and its North American based sales
team. CardioComm has achieved its technical goals of improved access and
communication through the development of a real-time EKG viewer. CardioComm is
the first company to provide a real-time means of viewing EKGs over a network
(LAN, WAN or Internet). This tool enables EKGs to be viewed and controlled live,
by physicians, over a global virtual healthcare network. This technology is
marketed as Global EKG Management System (GEMS(TM)) and GlobalCardio(TM).
CardioComm's software products are compatible with the majority of event loop
recorders and ultraportable 12 lead devices. Its software solutions have been
cleared for sale in the United States by the U.S. Food and Drug Administration.
The Company has earned the latest ISO 13485 certification.


On behalf of the Board of Directors of CardioComm Solutions, Inc.

Etienne Grima, CEO

1 Year Agromep Sa Chart

1 Year Agromep Sa Chart

1 Month Agromep Sa Chart

1 Month Agromep Sa Chart