Company Also Announces CEO Interview with WallSt.net
SAN DIEGO, Oct. 16 /PRNewswire-FirstCall/ -- CardioDynamics (Nasdaq: CDIC), the innovator and leader of Impedance Cardiography (ICG) technology, has been named to Deloitte's prestigious Technology Fast 50 Program for San Diego, a ranking of the 50 fastest growing technology, media, telecommunications, and life sciences companies in the area by Deloitte & Touche USA LLP, one of the nation's leading professional services organizations. Rankings are based on the percentage revenue growth over five years from 2002-2006.
CardioDynamics' Chief Executive Officer, Michael K. Perry, stated, "This is the ninth year we have been given the honor of being ranked in the Fast 50. This is a great achievement considering the number and quality of technology and life sciences companies in San Diego. We are proud of the proven benefits of our proprietary ICG technology, the tenacity and dedication to customer service of our direct sales and clinical sales force and our entire company's focus towards improving drug management for cardiac medicine."
CardioDynamics' increase in revenues of 29% percent from 2002 to 2006 resulted in a 50th ranking in the Technology Fast 50 for San Diego. To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2002 and $5,000,000 in 2006, be headquartered in North America, and be a company that owns proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology.
The Company also announced Mr. Perry will be featured in an exclusive interview with http://www.wallst.net on October 17, 2007, at 10:00 a.m. PT (1:00 p.m., ET). The interview will be posted on http://www.wallst.net by 8 p.m. ET on October 17. The interview will cover topics including CardioDynamics' market potential, growth initiatives, competitive advantage, recent news, and milestones for investors to watch for.
To hear the interview in its entirety, visit http://www.wallst.net, and click on "Interviews." The interview can be accessed either by locating the company's ticker symbol under the appropriate exchange on the left-hand column of the "Interviews" section of the site, or by entering the company's ticker symbol in the Search Archive window once it is posted.
CardioDynamics (Nasdaq: CDIC), the ICG Company, is the innovator and leader of an important medical technology called impedance cardiography (ICG). The Company develops, manufactures and markets noninvasive ICG products. The Company's ICG Systems are being used by physicians around the world to help battle the number one killer of men and women--cardiovascular disease. Partners include GE Healthcare and Philips Medical Systems. For additional information, please refer to the company's Web site at http://www.cdic.com.
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Forward-Looking (Safe Harbor) Statement
Except for historical and factual information contained herein, this press release may contain forward-looking statements, the accuracy of which are necessarily subject to uncertainties and risks including the Company's primary dependence on the BioZ product line, and various uncertainties characteristic of early growth companies, as well as other risks detailed in the Company's filings with the SEC, including its 2006 Form 10-K. The Company does not undertake to update the disclosures contained in this press release.
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