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JAG Media Holdings, Inc. Announces Completion of Acquisition of CardioGenics Inc.
Date:7/31/2009

p early morning consolidated research product. With the acquisition of CardioGenics, the company's business will now be refocused on developing technologies and products for the point-of-care in vitro diagnostics market.

About CardioGenics Inc.

CardioGenics develops technology and products targeting the immunoassay segment of the In-Vitro Diagnostic testing market. CardioGenics has developed the QL Care Analyzer, a proprietary Point Of Care immuno-analyzer, which will run a number of diagnostic tests under development by CardioGenics, the first of which will be a series of cardiovascular diagnostic tests. As part of its core proprietary technology, CardioGenics has also developed a proprietary method for silver coating paramagnetic microspheres (a fundamental platform component of immunoassay equipment), which improve instrument sensitivity to light. CardioGenics' principal offices are located in Mississauga, Ontario, Canada.


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SOURCE JAG Media Holdings, Inc.
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