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CardioComm Solutions Inc. V.EKG

Alternate Symbol(s):  EKGGF

CardioComm Solutions, Inc. is a Canada-based company, which develops software, hardware and core laboratory reading services related to electrocardiogram (ECG) and ambulatory arrhythmia monitoring systems for medical and consumer markets globally. The Company's specialization is in the software engineering of computer based (ECG) management and reporting software. The software permits physician interpretations of ECGs and supports private and public payer fee-for-service billings. The Company’s device connectivity and ECG management technologies are used in medical, consumer, clinical research and telemedicine solutions for the recording, transmission, viewing, analyzing, reporting and storage of electrocardiograms, for arrhythmia screening, diagnosis, and management of cardiac patients. Its Global ECG Management Solutions (GEMS) and GlobalCardio (Cloud based GEMS) products are licensed worldwide to hospitals, ECG commercial reading services and physicians.


TSXV:EKG - Post by User

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Post by deelishuson Oct 28, 2014 10:24pm
233 Views
Post# 23070591

News release today before the bell

News release today before the bellCardioComm Solutions Confirms Therapeutics Goods Administration Clearance for the Sale of GEMS(TM) WIN in Australia Cardiac Innovations Australia will promote sales of CardioComm Solutions' Software into local Hospitals and Physician Based Institutions Toronto, Ontario--(Newsfile Corp. - October 28, 2014) - CardioComm Solutions, Inc. (TSXV: EKG) ("CardioComm Solutions" or the "Company"), a global medical provider of electrocardiogram ("ECG") acquisition and management software solutions, today announced that is has signed an agency agreement with Cardiac Innovations Australia Pty. Ltd. ("Cardiac Innovations"), a distributor of medical hardware and software solutions into local hospitals and clinics in Australia. CardioComm Solutions acknowledged the Cardiac Innovations relationship once it was confirmed this distributor had successfully obtained an Australian Register of Therapeutic Goods Certificate from the Department of Health, Therapeutics Goods Administration ("TGA"). TGA clearance is the required regulatory approval for the sale of any of CardioComm Solutions' products into the Australian medical market. The agreement with Cardiac Innovations also makes provision for the future sale of other CardioComm Solutions products and solutions with additional TGA clearances. Cardiac Innovations sells into a diverse Australian customer base that includes cardiologists, hospitals, electrophysiologists and primary care physicians. Their initial focus with GEMS™ WIN will be on marketing into organizations active in cardiac device implantation and follow-up as well as supporting surveillance in the unexplained syncope and post-ablation patient population. Cardiac Innovations' interest to become an agent for distribution of the CardioComm Solutions products was in response to a number of Australian medical groups looking for access to the GEMS™ WIN technologies as an alternative, proven and well priced solution that would address their unmet performance and customer support needs. "While the market in Australia is quite diverse, it is currently dominated by one arrhythmia monitoring solution," notes the Managing Director for Cardiac Innovations Australia. "Without local access to a complete cardiac monitoring solution which supports reporting, inventory tracking and varied patient ECG monitoring options, many Australian customers have looked outside the country by attending international conferences or have undertaken training in the United States and Canada through which they were exposed to the CardioComm Solutions' portfolio of products. Other companies in Australia are unable to offer a complete and competitive product for the cardiac rhythm market and this is where the GEMS™ WIN arrhythmia monitoring solution will give us a significant and differentiated competitive advantage." CardioComm Solutions has reported that a global distribution channel is an important element of their ongoing sales expansion strategy. Securing a local agent to provide GEMS™ WIN sales, technical assistance and customer support in Australia is a competitive advantage for CardioComm Solutions and well positions Cardiac Innovations to realize strong market gains with future expansion potential across the Asia Pacific region.
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