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NewCardio Announces Financial Results for Its 2011 Second Quarter
Date:8/15/2011

SANTA CLARA, Calif., Aug. 15, 2011 /PRNewswire/ -- NewCardio, Inc., (OTC BB: NWCI) a cardiac diagnostic technology provider, today announced financial results for the second quarter ended June 30, 2011. More details on the financial results are available in the Company's Quarterly Report on Form 10-Q, filed today with the Securities and Exchange Commission.

Highlights

  • QTinno® was selected by a top 5 global pharmaceutical company for two Phase I drug safety studies, both of which were initiated in the second quarter. The fully automated ECG analysis will be delivered by one of NewCardio's existing customers, the ECG core lab of a top 3 Clinical Research Organization, a CRO.
  • NewCardio presented the results of a recent QTinno performance study in April at a conference "Cardiovascular Safety in Drug Development: State-of-the-Art Assessments," sponsored by the FDA, the Cardiac Safety Research Consortium and the Heart Rhythm Society ("HRS").
  • NewCardio presented the results of a key study showing that our urgent care solution, my3KG™, had substantially greater accuracy than expert cardiologists' interpretation of standard 12-lead ECG (12L ECG) in diagnosing Acute Myocardial Infarction in diabetic patients at the 60th Annual American College of Cardiology Scientific Meeting in April 2011.
  • The Company presented the results of a recent clinical study showing at the HRS conference in May 2011 showing that recurrent atrial fibrillation (AF) was accurately and timely detected in patients who used CardioBip™ for daily monitoring following catheter ablation procedures. The presentation was titled "Long-term Intermittent Wireless Remote Monitoring of Reconstructed 12L ECG in Post-Ablation AF Patients Using the CardioBip System." The NewCardio study results showed that CardioBip detects recurrent AF earlier and more reliably than the current gold standard, which is periodic Holter monitoring.
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