Medical electrocardiogram ("EKG") software and device manufacturer CardioComm Solutions, Inc. (TSXV: EKG) ("CardioComm" or the
"Company"), today confirmed the appointment of Mr. Robert Caines as the Chairman of its Board of Directors, replacing Dr. Anatoly
Langer, who steps down from the position held since March 5, 2008.
Mr. Caines joined CardioComm's Board of Directors on December 16, 2015. He is the Founder and Managing Partner of Paley
Advisors, LLC, the New York City-based advisory and consulting firm, founded in 2014. Mr. Caines is an experienced mergers and
acquisitions executive, with over thirty years of business start-up, growth and management experience.
From 2002 to 2014, Mr. Caines served as one of three Managing Partners at Paley Dixon, Inc., the New York City-based buy-side
intermediary and advisory firm, founded in 1979. There, he and his partners grew Paley Dixon into one of the top five buy-side
intermediaries and advisory firms of its size in the US and Canada.
CardioComm thanks Dr. Langer for his years of service, during which time he invested strategically into the Company, provided
support as the CEO between June 20, 2008 and May 4, 2014. In addition, Dr. Langer served as the Company's Chairman of the Board of
Directors for over eight years. Dr. Langer is currently the largest shareholder of the Company, control or ownership of 40,644,076
common shares, representing approximately 35% of CardioComm's issued and outstanding common shares.
Dr. Langer serves as CEO of MD Primer Inc. ("MDP"), with which the Company has a $900,000 line of credit that is secured against
the Company's assets and matures on December 31, 2016. MDP is the only secured creditor of the Company. Previously, the Company
announced intends to retire the current MDP line of credit and generate further funding through capital raised from expanded
domestic and international revenue sources and institutional investment opportunities. The Company has not drawn upon the line of
credit, which has been in place since January 1, 2013, since April of 2015.
CardioComm would also like to thank Mr. Yuri Levin for his support on the Company's Board of Directors and as a member of the
Audit and Finance Committee. Mr. Levin joined the Board of Directors on December 9, 2008. Replacing Mr. Levin will be Dr. David
Armstrong, who has been on the Company's Advisory Committee since July 5, 2016. The Company will benefit from Dr. Armstrong's years
of executive leadership in both the public and private health environments, where he has participated in communication strategies,
marketing, fundraising, strategic partnering and the development of intellectual property. Dr. Armstrong has also served at
executive and board levels for various organizations, along with driving clinical affairs portfolios.
The Company finally confirms that it has contractually engaged several firms to support the new Board of Directors in
coordinating analyst support, investor relations, and marketing, sales and financing efforts effective Q4 2016. CardioComm
Solutions will be providing further updates in the coming weeks.
CardioComm Solutions has earned the ISO 13485 certification, is HPB approved, HIPAA compliant and holds clearances for the sale
of its HeartCheck™ technologies from the European Union (CE Mark), Australia (TGA), the USA (FDA), China (CFDA) and Canada (Health
Canada). To learn more about the CardioComm Solutions' products, please see the Company's websites www.theheartcheck.com and www.cardiocommsolutions.com.
About CardioComm Solutions
CardioComm's patented and proprietary technology is used in products for recording, viewing, analyzing and storing
electrocardiograms for the diagnosis and management of cardiac patients. Products are sold worldwide through a combination of an
external distribution network and a North American-based sales team. CardioComm Solutions is headquartered in Toronto, Ontario,
Canada.
FOR FURTHER INFORMATION PLEASE CONTACT:
Etienne Grima, Chief Executive Officer
1-877-977-9425 x 227
investorrelations@cardiocommsolutions.com
www.cardiocommsolutions.com
Forward-looking statements
This release may contain certain forward-looking statements and forward looking information with respect to the financial
condition, results of operations and business of CardioComm Solutions and certain of the plans and objectives of CardioComm
Solutions with respect to these items. Such statements and information reflect management's current beliefs and are based on
information currently available to management. By their nature, forward-looking statements and forward-looking information involve
risk and uncertainty because they relate to events and depend on circumstances that will occur in the future and there are many
factors that could cause actual results and developments to differ materially from those expressed or implied by these
forward-looking statements and forward-looking information.
In evaluating these statements, readers should not place undue reliance on forward-looking statements and forward-looking
information. The Company does not assume any obligation to update the forward-looking statements and forward-looking information
contained in this release other than as required by applicable laws, including without limitation, Section 5.8(2) of National
Instrument 51-102 (Continuous Disclosure Obligations).
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
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