Navigation Links
CardioDynamics Board of Directors Proposes Reverse Split 1:7 of Company's Shares
Date:3/12/2008

Split Intended to Maintain Nasdaq Listing and Attract Additional Investors

as Company Enters Next Growth Phase

SAN DIEGO, March 12 /PRNewswire-FirstCall/ -- CardioDynamics (Nasdaq: CDIC), the innovator and leader of BioZ(R) impedance cardiography (ICG) technology, today announced that its Board of Directors has approved a resolution proposing a reverse split of 1 for 7 shares of the Company's common stock. The proposed reverse split is expected to become effective, subject to shareholder approval, shortly after the Company's May 8, 2008, Annual Shareholders Meeting.

In the reverse split, each seven (7) shares of CardioDynamics common stock issued and outstanding will be combined into one (1) share of common stock, which initially should have the effect of proportionately increasing the stock price. Following the reverse split, the total number of shares outstanding will be reduced to approximately 7.2 million shares. Additionally, the reverse split will affect all shares of CardioDynamics common stock proportionally, including its Convertible Notes and outstanding stock options.

Michael K. Perry, CardioDynamics Chief Executive Officer, stated, "Recently, a number of our largest shareholders have expressed overwhelming support to affect a reverse split to maintain our Nasdaq listing and attract a greater level of interest among investors and analysts. We also believe the reverse split comes at an excellent time and is complementary with the positive turnaround occurring in our business. Not only do we think the capital structure, post-reverse split, will be more attractive to potential investors, but our recent four consecutive quarters of revenue growth, international sales momentum, continued growth plan for 2008, and intense focus on achieving positive operating cash flow by the fourth quarter of 2008, should all be positive catalysts for new investors."

In November, 2007, the Company transferred to the Nasdaq
'/>"/>

SOURCE CardioDynamics
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2

Related medicine news :

1. CardioDynamics Reports Fourth Quarter and Fiscal 2007 Results with 10% Revenue Growth in 2007
2. CardioDynamics Announces Strategic Alliance With Leading Medical Equipment Manufacturer in India
3. CardioDynamics Announces Third Quarter 2007 Conference Call and Webcast
4. Alexander M. Cutler Nominated for Election to DuPont Board of Directors
5. Stuart Altman, Ph.D. Joins INSPIRIS Board of Directors
6. Hospital Caregivers Unveil Billboards Calling for Improved Patient Care, Quality Jobs at Community Medical Centers
7. First-Ever National Board Certification(R) for Americas Health Educators Arrives
8. Ventas Appoints James D. Shelton and Robert D. Reed to Board
9. Former Federal Reserve Chairman Paul Volcker To Join Board of Directors of Still River Systems
10. DermTech Adds Allan C. Halpern, MD, Chief of Dermatology at Memorial Sloan- Kettering Cancer Center, to Companys Melanoma Advisory Board
11. Numira Biosciences Names New Board Member
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/28/2015)... 2015 ISMETT , a leading transplant ... the Sicilian economy by €132.5 million in expenditure in 2013, ... more than €73 million by retaining patients who otherwise would ... new study by the Battelle Memorial Institute. At the same ... and advanced health care management that is transforming Sicily into ...
(Date:5/28/2015)... Trends Investing ” was featured on NewsWatch as part of ... medium, and large businesses making an impact in their industry. ... the business review and shared with viewers how this website ... money. , The idea, “let your money work for you” ... how to succeed are two different things. So if ...
(Date:5/28/2015)... Senior Housing Assistance Group (SHAG) proudly announces a ... Seattle Mariners team that won a record tying 116 ... digital advertising for SHAG to help promote their affordable ... communities slated to open in the next 2 to ... and University Place. , Filming of new commercials starring ...
(Date:5/28/2015)... TX (PRWEB) May 28, 2015 Ticket Down ... friendly soccer match between Mexico and Argentina in ... in the world will compete on the pitch at AT&T ... one another in an international friendly on Tuesday, September 8th ... most talented nations in the world including some of the ...
(Date:5/28/2015)... McLean, VA (PRWEB) May 28, 2015 ... solutions, announced today that it is releasing BlueEHS, the ... an Amazon Machine Image for the benefit of all ... developer of BlueEHS, a first of its kind, Freemium, ... customizable Electronic Health Records (EHR) with an integrated practice ...
Breaking Medicine News(10 mins):Health News:UPMC-Managed Transplant Hospital Drives Major Economic Benefits for Sicily, Study Finds 2Health News:UPMC-Managed Transplant Hospital Drives Major Economic Benefits for Sicily, Study Finds 3Health News:An Application to Learn Where to Invest Money was Featured on NewsWatch Television 2Health News:SHAG Announces New Spokesperson: Lou Piniella 2Health News:Mexico vs. Argentina Tickets at AT&T Stadium: Ticket Down Slashes Ticket Prices on Argentina vs. Mexico Presale Tickets at AT&T Stadium for 9/8/15 Friendly Match 2Health News:Mexico vs. Argentina Tickets at AT&T Stadium: Ticket Down Slashes Ticket Prices on Argentina vs. Mexico Presale Tickets at AT&T Stadium for 9/8/15 Friendly Match 3Health News:BlueEHS, the Electronic Health Solution, now available on Amazon AWS Market place 2Health News:BlueEHS, the Electronic Health Solution, now available on Amazon AWS Market place 3
... on Avastin faced 33% increased risk of dangerous side effect ... used cancer drug Avastin appears to be associated with a ... patients with a variety of cancers. , This risk lengthens ... the drug, including clots in the artery, heart attacks, stroke ...
... problems have surfaced with these products, experts say , , ... turn to cosmetic treatments called dermal fillers to ease ... risks these products pose, an advisory panel to the ... panel of independent experts urged the agency to revise ...
... MIAMI, Nov. 18 The Expand-A-Lung(TM) Breathing Resistance,Exerciser ... Times for breathing fitness,training. Jorge Brouwer, inventor of ... the easy to use "Expand-A-Lung(TM)." , ... *(Photo Caption: Expand-A-Lung Breathing Resistance Exerciser.), ...
... WHRTD ) World,Heart Corporation ("WorldHeart" or the "Company") announced ... letter from The NASDAQ Stock Market,("NASDAQ") stating that the ... Bid Price Rule") and has maintained a closing,bid price ... greater for at least 10,consecutive business days. This matter ...
... Combined, they produce more potent anti-disease effect in postmenopausal ... -- Scientists believe they have found out why diet ... after she,s past menopause, a new study says. ... found that cutting calories and exercise affect pathways to ...
... , , TUESDAY, Nov. 18 (HealthDay News) -- Canadian scientists ... an early indication of which former smokers will develop ... American Association for Cancer Research conference in Washington, D.C., ... benefit would hopefully be more targeted treatment," said study ...
Cached Medicine News:Health News:Cancer Drug Ups Risk of Clots in Veins 2Health News:Cancer Drug Ups Risk of Clots in Veins 3Health News:Wrinkle Fillers Need Better Label Warnings: FDA Panel 2Health News:Wrinkle Fillers Need Better Label Warnings: FDA Panel 3Health News:Shortness of Breath? Stronger Lungs for Better Breathing (100% Drug Free) 2Health News:WorldHeart Regains Compliance With the Minimum Bid Price Rule 2Health News:Diet, Exercise May Modify Breast Cancer Risks 2Health News:Genetic Trait Could Predict Lung Cancer 2
(Date:5/28/2015)... , May 28, 2015 Kindred Biosciences, ... appointment of Jennifer Elliott as Vice ... Dr. Elliott joins KindredBio from Genentech, ... Counsel and Director of Patent Law.  She had ... year tenure with Genentech, and most recently oversaw ...
(Date:5/28/2015)... May 28, 2015 The global departmental ... North America , Europe , ... The global departmental PACS market is expected to reach $3,807.4 ... and 2019. Browse through the TOC of global ... trends and segments, with help of various tables and figures. ...
(Date:5/28/2015)... Calif. , May 28, 2015  Based ... market, Frost & Sullivan recognizes Lexmark Healthcare ... Sullivan Award for Company of the Year in ... take HCM to the next level of interoperability ... acquisitions and followed them up with large-scale product ...
Breaking Medicine Technology:KindredBio Announces Appointment of Jennifer Elliott as Vice President of Legal Affairs and Intellectual Property 2Departmental PACS Market is Expected to Reach $3,807.4 Billion by 2019, at a CAGR of 10.0% From 2014 to 2019 2Departmental PACS Market is Expected to Reach $3,807.4 Billion by 2019, at a CAGR of 10.0% From 2014 to 2019 3Frost & Sullivan Acknowledges Lexmark Healthcare's Energy, Creativity, and Diligence in Developing the Leading Next-Generation Healthcare Content Management Platform 2Frost & Sullivan Acknowledges Lexmark Healthcare's Energy, Creativity, and Diligence in Developing the Leading Next-Generation Healthcare Content Management Platform 3Frost & Sullivan Acknowledges Lexmark Healthcare's Energy, Creativity, and Diligence in Developing the Leading Next-Generation Healthcare Content Management Platform 4Frost & Sullivan Acknowledges Lexmark Healthcare's Energy, Creativity, and Diligence in Developing the Leading Next-Generation Healthcare Content Management Platform 5
... the First Two Years of Life, PHILADELPHIA, ... clinical trial published today in The Lancet show ... vaccine to prevent,rotavirus gastroenteritis, provides protection against the ... and in the United,States (U.S.). The GSK candidate ...
... Surgery, MELBOURNE, Australia, Nov. 21 Severely obese ... lose weight,had a 72 percent reduction in their risk ... any specific weight-loss treatment, according to,findings published in the ... System was approved in June 2001 by the U.S. ...
Cached Medicine Technology:New Data Published in The Lancet Show GSK's ROTARIX(R) Offers Protection Against the Most Common Circulating Rotavirus Types 2New Data Published in The Lancet Show GSK's ROTARIX(R) Offers Protection Against the Most Common Circulating Rotavirus Types 3New Data Published in The Lancet Show GSK's ROTARIX(R) Offers Protection Against the Most Common Circulating Rotavirus Types 4New Data Published in The Lancet Show GSK's ROTARIX(R) Offers Protection Against the Most Common Circulating Rotavirus Types 5LAP-BAND(R) System Weight-Loss Surgery Associated With More Than 70 Percent Reduced Risk of Death in People With Severe Obesity 2LAP-BAND(R) System Weight-Loss Surgery Associated With More Than 70 Percent Reduced Risk of Death in People With Severe Obesity 3LAP-BAND(R) System Weight-Loss Surgery Associated With More Than 70 Percent Reduced Risk of Death in People With Severe Obesity 4
Bipolar forceps 6.7 cm 2-11/16" or 3/32" (bent) coated....
Straight, blunt tips....
Angulated, blunt tips....
Disposable 1 1/4" Tungsten Micro Needle, Ins., Straight...
Medicine Products: