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NewCardio to Present at CapStone's Third Annual Small-Cap Investor Conference July 30
Date:7/23/2009

SANTA CLARA, Calif., July 23 /PRNewswire-FirstCall/ -- NewCardio, Inc., (OTC Bulletin Board: NWCI) a cardiac diagnostic and services company, today announced that Richard Brounstein, the Company's Executive Vice President and Chief Financial Officer, will present at CapStone Investments' Third Annual Small-Cap Investor Conference, to be held July 29-30, 2009, in Milwaukee at the Hyatt Regency Hotel. NewCardio is scheduled to present at 12:30 p.m. CDT on July 30, 2009.

The presentation is intended to provide institutional investors and research analysts with a broad overview of the Company's innovative 3D ECG platform technology and the applications for this technology to dramatically improve accuracy and significantly increase the diagnostic value of the standard 12-lead electrocardiogram (ECG). NewCardio's lead product is QTinno(TM), a software suite that provides an automated, comprehensive analysis of QT intervals and other ECG-based cardiac safety for the pharmaceutical industry and drug regulators. The Company believes that its QTinno(TM), software-based, analytical technology is the industry's first solution for the reliable automated analysis of ECGs used to determine cardiac toxicity during drug development. The Company's second solution, Visual3Dx(TM), will generate 3D information from the heart using standard 12-lead ECG data. It is expected to provide clinicians additional information on the extent and location of damage to the heart caused by a myocardial infarction and to improve the speed and accuracy of diagnosis.

Management will also be available for one-on-one meetings throughout the day. Interested parties may schedule meetings through their CapStone Investments' representative.

The presentation will be webcast live on the Company's "News and Events" page at www.newcardio.com. The webcast will be archived for 90 days. The webcast can also be accessed at http://www.wsw.com/webcast/capstone/nwci.ob/ online.

About CapStone Investments

CapStone Investments is a full service investment firm, servicing a large institutional account base. CapStone Investments is a member of the Financial Industry Regulatory Authority (FINRA), the Securities Investor Protection Corporation (SIPC) and the Municipal Securities Rulemaking Board (MSRB). CapStone Institutional Services (CapStone) is a division of CapStone Investments. CapStone is a dedicated alternative investment specialist focused on providing comprehensive service to the alternative investment manager. CapStone was founded in 1995 by Tony and Steven Capozza, as a broker-dealer with the idea of providing hedge funds with quality equity execution services.

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 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. These statements are based on current expectations, estimates and projections about our business based on currently available information and assumptions made by management. Although we believe that the assumptions on which the forward-looking statements contained herein are based are reasonable, any of those assumptions could prove to be inaccurate given the inherent uncertainties as to the occurrence or nonoccurrence of future events. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in the forward-looking statements due to numerous factors, including the potential risks and uncertainties set forth in Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2008 and relate to our business plan, our business strategy, development of our proprietary technology platform and our products, timing of such development, timing and results of clinical trials, level and timing of FDA regulatory clearance or review, market acceptance of our products, protection of our intellectual property, implementation of our strategic, operating and people initiatives, benefits to be derived from personnel and directors, ability to commercialize our products, our assumptions regarding cash flow from operations and cash on-hand, the amount and timing of operating costs and capital expenditures relating to the expansion of our business, operations and infrastructure, implementation of marketing programs, our key agreements and strategic alliances, our ability to obtain additional capital as, and when, needed, and on acceptable terms and general economic conditions specific to our industry, any of which could impact sales, costs and expenses and/or planned strategies and timing. Information concerning factors that could cause our actual results to differ materially from these forward-looking statements can be found in our periodic reports filed with the Securities and Exchange Commission. We assume no obligation to, and do not currently intend to, update these forward-looking statements.

    Investor Contact:
    Hayden IR
    Jeff Stanlis, Partner and Director of Communications
    (602) 476-1821
    jeff@haydenir.com


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SOURCE NewCardio, Inc.
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