Cardio Infrared Secures Funding for US Manufacturing Launch
27 Juli 2011 - 10:48PM
Marketwired
Cardio Infrared Technologies, Inc. (PINKSHEETS: CDOI),
www.cardioinfraredtech.com, a leading Health and Wellness
technology and marketing company, announced today that Cardio
Infrared Technologies, Inc. manufacturing has committed to an
October launch of its new United States manufacturing facility
after securing funding for the expansion.
Wayne Bailey, President and CEO of Cardio Infrared Technologies,
Inc., stated, "The funding that was secured by the Company now
makes it possible to relocate all manufacturing of all Company
products to the United States. From the inception of Cardio
Infrared Technologies, Inc. all manufacturing has been in Italy and
or China. The fall of 2011 will see all of the manufacturing for
Company products moved to the United States. The manufacturing
expansion to the United States will not only increase the quality
of the products but will immediately result in a windfall of
profitability for the Company, as well and an anticipated increase
in quality and efficiency. The cost of the units will drop
dramatically by up to 73% over existing current expenses of
manufacturing, shipping and international currency exchange rates
resulting in additional profits for next year estimated to exceed
$2,000,000."
About Cardio Infrared Technologies, Inc.
Cardio Infrared Technologies, Inc. is a technology and marketing
company, which is focused on developing the revolutionary and
evolutionary process of combining exercise equipment with medical
benefits that go far beyond the normal benefits of standard
exercise equipment. Cardio Infrared Technologies, Inc. is committed
to continue to market this equipment to the exercise and medical
markets and to aggressively expand the market into every country
around the world. The technology has been featured on Good Morning
America and The View. Cardio Infrared Technologies, Inc. also has
an aggressive growth plan that includes mergers and acquisitions
and the development of innovative new equipment and programs within
the exercise and medical industries.
This news release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.The
words or phrases "would be," "would allow," "intends to," "will
likely result," "are expected to," "will continue," "anticipate,"
"expect," "estimate," "project," "indicate," "could,"
"potentially," "should," "believe," "considers," or similar
expressions are intended to identify "forward-looking statements."
Actual results could differ materially from those projected in the
forward-looking statements as a result of a number of risks and
uncertainties. These include the Company's historic lack of
profitability, end user customer acceptance and actual demand,
which may differ significantly from expectations, the need for the
Company to manage its growth, the need to raise funds for
operations and other risks within the regulation of the industry.
Statements made herein are as of the date of this press release and
should not be relied upon as of any subsequent date. The Company's
past performance is not necessarily indicative of its future
performance. The Company does not undertake, and the Company
specifically disclaims any obligation to update any forward-looking
statements to reflect occurrences, developments, events or
circumstances after the date of such statement.
Contact: Wayne Bailey Email Contact
www.cardioinfraredtech.com
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