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Microcap & Penny Stocks : CardioDynamics (CDIC) -- Ignore unavailable to you. Want to Upgrade?

To: tuck who wrote (122)	6/25/2001 10:11:32 PM
From: Biomaven	Read Replies (2) \| Respond to of 201

Profiles for Life was a high-flying (but private) internut-type company when they first did the deal. When the balloon came back to earth, so did Profiles, with CDIC suffering some collateral damage along the way. They disclosed the details in a filing a while back: In March 2000, we entered into an agreement to provide ICG monitors and sensors to Profiles in Health, Inc., a privately held California corporation organized to provide a variety of healthcare data and support services for many diseases states, infection control and exposure management. Under the terms of the agreement, we manufactured and sold customized ICG monitors called BioZ.pc(TM), for integration into the Profiles in Health Proveillance(TM) system for use by healthcare providers and managed care organizations throughout the United States. On July 6, 2000 we received FDA 510(k) clearance for the BioZ.pc(TM) system. Pricing of the customized ICG components and sensors under the Profiles in Health agreement reflect a substantial volume discount. In our fourth fiscal quarter we established a 100% allowance for the receivables and inventory unique to Profiles in Health, Inc. as their inability to pay became apparent in the fourth quarter. Peter