To: David Wiggins who wrote (61 ) 7/13/1999 7:27:00 AM From: David Wiggins Read Replies (1) | Respond to of 201
Good news today. biz.yahoo.com CardioDynamics (CDIC) Awarded Government of Mexico Contract Company also Reports Increasing Trend of Orders for Multiple BioZ Systems SAN DIEGO--(BW HealthWire)--July 13, 1999--CardioDynamics International Corporation (Nasdaq:CDIC - news), manufacturer of BioZ® noninvasive digital hemodynamic monitoring systems today announced that it received an order for immediate delivery of nine BioZ.com systems from the Government of Mexico Social Security System. This award is the largest end-user order in CardioDynamics' history, representing over 14 percent of the Company's most recent quarter unit shipments. Fernando Molinar, M.D., Chief of ICU, Hospital de Estecialidades, stated, ''We evaluated a number of cardiac monitoring products and chose CardioDynamics as having the superior offering, in terms of accuracy, equipment quality, functionality, and ease of use.'' Michael K. Perry, Chief Executive Officer of CardioDynamics, stated, ''This multi-system sale to the Mexican Government represents a significant accomplishment for our Company. The BioZ.com will provide the Mexican medical community with a noninvasive, safe, and cost-effective method of monitoring a patient's hemodynamic status. We see this award as continued validation that our Company's technology is superior to other available medical technologies and on its way to becoming the Sixth Vital Sign(tm).'' The Company also reported an increasing trend toward multiple system orders, as well as follow-on orders from existing customers. Leading medical specialists, especially in congestive heart failure, are utilizing the Company's products in the clinical care of their patients and sharing the BioZ's value with medical colleagues resulting in increased sales momentum. Tecnomed International, the Company's exclusive distributor in Mexico, was instrumental in obtaining the order. Tecnomed, located in Mexico City, is a distributor of highly specialized cardiac monitoring systems for intensive care and anesthesia units. Additional information about Tecnomed International can be obtained by contacting tecnomedint@compuserve.com. Regards, Dave