Signalife and Heart One Global Research Agre... (pany shall be owned bya minimum of 94% o...)

Signalife and Heart One Global Research Agree to Merge

Date:7/7/2008

pany shall be owned by a minimum of 94% of the current actual common shareholders of Signalife, Inc. The merger agreement has an earn out provision where Heart One Global Research shareholders may receive an additional 9% of common stock under an earn out structure requiring the development of approximately $9.5 million of revenue in the short and short-mid term. Additionally, for all real and actual shareholders of Signalife, their delivery of shares to the tabulation firm will also entitle them to a preferred share with increased voting and equity rights. Details of this shall be disclosed as they become available and as the transaction progresses.

Rowland Perkins, Chief Executive Officer of Signalife, Inc., commented: "This merger is one that involves a company, and a business approach, that the Signalife Board has been looking at for some time. We are lucky to acquire this asset on these terms, and the team at Heart One Global Research will be a welcome addition -- both financially and intellectually -- to the Company. This opportunity allows Signalife to merge its "gold standard" ECG technologies with a cutting edge data storage, recall and management system that will allow doctors, practitioners and patients complete medical history based around their heart history that is the core of everyone's health picture. To do this on a worldwide basis with the assets Heart One brought to the table was something that we simply could not pass up."

Dr Stan Shepherd, Chief Executive Officer of Heart One Global Research, commented: "We know that the electronic medical record is at the heart of delivering both the most clinically-effective care and the most cost-effective care, the two key objectives of every healthcare system in the world. Putting Signalife's double award winning technology literally at the heart of our electronic health record, will give the merged company unique capabilities to transform the treatment and outcomes of one of the major causes
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SOURCE Signalife, Inc.
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