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CardioDynamics Reports Eighth Consecutive Quarterly Revenue Increase Over Prior Year and 12% Revenue Growth in 2008

Additional Key Operating Milestones for the Fourth Quarter and Fiscal 2008

  • Clinical:
    • Announced results of significant clinical study with nearly three times the national average blood pressure control rates at the American Society of Hypertension annual meeting;
    • Announced two important clinical studies correlating BioZ ICG with Ejection Fraction
    • BioZ ICG technology featured in American College of Cardiology (ACC) audio series
  • Sales & Marketing
    • Launched Comprehensive Customer Care (C3) program designed to improve ICG customer care, satisfaction and proper utilization
    • Initiated BioZ ICG CERTIFIED program, a global approach to ICG education extending from patients to all call points in physician offices and beyond to insurance payers, medical schools and patient advocacy groups.
  • Product:
    • BioZ ICG technology integrated with General Electric Healthcare's Centricity electronic medical record (EMR) system
  • Investor Relations:
    • California Equity Research, LLC, a leading independent investment research firm focused on California equities initiated coverage of CardioDynamics

Fourth Quarter and Fiscal 2008 Operating Results Discussion

The Company reported a net sales increase of 6% to $6.5 million in the fourth quarter 2008 and 12% for full year 2008 to $24.5 million, representing the second consecutive year of growth. Fourth quarter ICG sales growth was driven by a combination of a 13% increase in BioZ sales, a 255% increase in ICG Module sales and an 11% increase in ICG sensor revenue.

ICG Module sales were part

SOURCE CardioDynamics
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4. CardioDynamics Announces Significant ICG Study with Nearly Three Times the National Average Blood Pressure Control Rates at the American Society for Hypertension Annual Scientific Meeting
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