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CardioGenics Holdings Inc. Announces Letter to Shareholders
Date:10/27/2009

ur proprietary IVD products and increase shareholder value. As a result of the JAG Media transaction, we now have new shareholders and at the same time, we have the backing of our loyal CardioGenics shareholders who have invested and supported our developmental efforts for the past 10 years. You have my pledge in the future to keep all of our shareholders informed about our progress and the work we are doing to bring the QLCA and immunoassay test products to market. I would also like to take this opportunity to thank every member of our clinical team that, through hard work and dedication, has stayed the course to develop our products."

About CardioGenics Holdings Inc.

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

Safe Harbor Statement - Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995 and may contain forward-looking statements, with words such as "Anticipate, "believe," "expect," "future," "may," "will," "should," "plan," "projected," "intend," and similar expressions to identify forward-looking statements. These statements are based on the Company's beliefs and the assumptions it made using information currently available to it. Because these statements reflect the Company'
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SOURCE CardioGenics Holdings Inc.
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