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NewCardio Announces Financial Results for the First Half of 2010 and Commercialization Progress
Date:8/14/2010

rs, to strengthen its financial position.  This will allow the company further time to fully commercialize its lead solution, QTinno. The credit facility is part of a series of steps designed to improve the company's ability to identify and attract potential strategic relationships and/or investors, which will enable the company to maximize the value to be derived through continued development of its 3-D platform technology.

"QTinno represents the near-term, obvious opportunity to derive high-margin revenue from our platform technology, but it continues to be – by far – our smallest overall opportunity," Mr. Renz concluded. "Accordingly, we are working diligently to develop additional solutions based on our proven 3-D platform technology to create shareholder value and bring technological advancement to the ECG as a diagnostic tool. We are focused on identifying opportunities, either through strategic partnerships or other relationships, to raise sufficient capital that will enable us to accelerate our R&D efforts for our second and third products, CardioBip and Cardio3KG, as well as other solutions currently in the exploratory phase. The future is exciting for NewCardio, and we look forward to further innovations and accelerating growth as we continue our progress."

Conference CallNewCardio management will conduct a conference call to provide a corporate update and discuss progress at 1:30 p.m. PT/ 4:30 p.m. ET on Thursday, August 12, 2010. Interested parties should dial 1-888-846-5003 (domestic) or 1-480-629-9856 (International) five to 10 minutes before the call.  Investors will also have the opportunity to listen to the conference call and the replay on the News and Events section of the NewCardio website at: http://www.newcardio.com. Select questions for the conference call will also be taken via email at nwci@haydenir.com and can be sent a
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SOURCE NewCardio, Inc.
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