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Biotel, Inc. Announces Definitive Merger Agreement With CardioNet, Inc.
Date:11/8/2010

tor and clinical research capabilities.  We are also excited to welcome a management and development team which has a proven track record of bringing innovative products to market.  We look forward to leveraging the strengths of both companies to advance wireless medicine for the benefit of physicians and patients."

Steven Springrose, President and Chief Executive Officer of Biotel, said, "We are pleased to join CardioNet and its growth oriented, dynamic team.  As the world leader in wireless medicine, CardioNet validates the quality and performance of our products and services while providing a foundation for increasing growth.  Whether by expanding markets and distribution opportunities for Braemar products, increasing production volume, or growing Agility's 24/7 clinical research services, CardioNet adds the scale and expertise to move our team forward.  Biotel and CardioNet are committed to the current Braemar and Agility customer base, and look forward to supplying them with a complete range of diagnostic equipment and services."

About CardioNet

CardioNet is the leading provider of ambulatory, continuous, real-time outpatient management solutions for monitoring relevant and timely clinical information regarding an individual's health. CardioNet's initial efforts are focused on the diagnosis and monitoring of cardiac arrhythmias, or heart rhythm disorders, with a solution that it markets as Mobile Cardiac Outpatient Telemetry™ (MCOT™). More information can be found at http://www.cardionet.com.

About Biotel

Biotel, Inc., through its subsidiaries, engages in the development, manufacture, testing and marketing of medical devices and related software products. It offers digital cardiac event recorder products and wireless event recorder products, which record heart functions over a month or longer time period to record infrequent events, suc
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