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NewCardio Announces Changes in Board of Directors and Executive Management
Date:1/10/2012

o serve the company as consultants.

Dr. Jones commented, "With the ongoing support and patience of our creditors, who are also shareholders, this new management team remains committed to the development of our cardiovascular platform technology in order to create long-term value for our shareholders, customers and employees. In order to accomplish this strategic goal, in the short term, we will be focused on our QTinno solution while maintaining a significantly reduced level of expenses, with the goal of generating positive cash flow based on improving commercial acceptance of QTinno. In addition, the new management and streamlined board of directors will continue efforts to secure long-term financing during 2012 as we remain committed to NewCardio's ultimate success based on our ability to deliver solutions, such as CardioBip and my3KG from our proven technology. I would like to thank Vinnie, Rick and the departing board members for their years of service and hard work at NewCardio. Without their efforts the company would not have been able to complete the commercialization of QTinno and initiate the revenue generating phase of the company."

About NewCardio, Inc.

NewCardio is a cardiac diagnostic and services company developing and marketing proprietary software platform technologies to provide higher accuracy to, and increase the value of, the standard 12-lead ECG. NewCardio's 3-D ECG software platform reduces the time and expense involved in assessing cardiac status while increasing the ability to diagnose clinically significant conditions which were previously difficult to detect. NewCardio's software products and services significantly improve the diagnosis and monitoring of cardiovascular disease, as well as cardiac safety assessment of drugs under development. For more information, visit

SOURCE NewCardio, Inc.
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