CardioDynamics (CDIC) Message Board

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Microcap & Penny Stocks : CardioDynamics (CDIC)

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To: tuck who wrote (78)	7/26/2000 7:24:49 AM
From: Marc Phelan	Read Replies (1) of 201

Turk we got the money! Company Broadens Institutional Investor Ownership SAN DIEGO--(BW HealthWire)--July 26, 2000--CardioDynamics International Corporation (Nasdaq\NM:CDIC), manufacturer of BioZ® noninvasive digital cardiac function monitoring systems, announced that on July 25, 2000, it completed an $18.5 million private placement of common stock primarily to institutional investors, providing additional capital to execute the Company's aggressive business plan. The Company intends to use the proceeds to advance commercialization of its BioZ Systems and secure its position as the leader in noninvasive hemodynamic monitoring. See: biz.yahoo.com Regarding the passing of Allen E. Paulson, co-chairman, the company said, "The Company has learned that no shares will need to be sold to pay estate taxes and that there will be no significant sales of shares by Mr. Paulson's estate. Additionally, there will be no disruption of operations or any other material effect on the Company from his passing." Good news and better news?

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