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Signalife Announces Reverse Stock Split, Preferred Stock Dividend and $5 Million Investment
Date:9/10/2008

state or governmental or international regulatory approvals governing heart monitoring and other biomedical devices incorporating the technology, failure to obtain import and export capabilities in the various countries containing buyers and resellers and hospitals and clinics and doctors for the devices, inability to obtain physician, patient or insurance acceptance of or for heart monitoring and other biomedical incorporating of the technologies, and the unavailability of financing to complete management's plans will pose substantial regulatory and legal risks to those who wish to engage in repeated naked short selling. All of these risks are qualified objectives, including the development of heart monitoring and other biomedical and information solutions incorporating the companies' technologies. There is also a risk of extraordinary and documented short selling, and two related lawsuits -- one a class action against former Signalife CEO's and current lower level management, and the other a large lawsuit by Signalife for the theft of assets and other activities brought about by the naked short sellers. The public is advised that these lawsuits and the risk of naked short selling pose risks. However, naked short sellers are advised that Signalife now has the means of evaluating each naked short trade and -- because there will be far less stock outstanding after the date of the reverse stock split -- any naked short selling (i.e., without borrowing stock, lawfully) will subject the culprits to lawsuits including state and federal lawsuits and wrongful death lawsuits. These risks are subject, in their entirety, by cautionary language and risk factors set forth and to be further described in Signalife's filings with the Securities and Exchange Commission.


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