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NewCardio Restructures 2007 Financing, Receives $2.8 Million Additional Cash and Improves Capital Structure
Date:12/3/2008

ed to develop and commercialize this technology across the entire range of cardiology and healthcare. We are further pleased with the pace at which the Company has progressed. Accordingly, Vision Capital Advisors was pleased to assist the Company with the restructure of the original terms of the financing, demonstrating Vision's long-term commitment to NewCardio. I am excited to join the Company's Board of Directors to assist the Company in the successful execution of its business plan."

About Vision Capital Advisors, LLC

Vision Capital Advisors, LLC is an SEC-registered investment adviser. Vision Capital Advisors, LLC specializes in making value-oriented investments in fundamentally strong small public companies in the US and abroad.

About NewCardio, Inc.

NewCardio is a cardiac diagnostic and services company focused on the development of a proprietary platform technology to provide higher accuracy to, and increase the value of, the standard 12-lead electrocardiogram (ECG). NewCardio's development-stage software and hardware products and services are intended to improve the diagnosis and monitoring of cardiovascular disease (CVD), as well as cardiac safety assessment of drugs under development. NewCardio's three-dimensional ECG platform is designed to reduce the time and expense involved in assessing cardiac status while increasing the ability to diagnose clinically significant conditions which were previously difficult to detect. For more information, visit http://www.newcardio.com.

Forward-Looking Statements

This press release contains forward-looking statements. Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. Thes
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SOURCE NewCardio, Inc.
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