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

results may, and are likely to, differ materially from what is expressed or forecasted in the forward-looking statements due to numerous factors, including the potential risks and uncertainties set forth in Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2009 and relate to our business plan, our business strategy, development of our proprietary technology platform and our products, timing of such development, timing and results of clinical trials, level and timing of FDA regulatory clearance or review, market acceptance of our products, protection of our intellectual property, implementation of our strategic, operating and people initiatives, benefits to be derived from personnel and directors, ability to commercialize our products, our assumptions regarding cash flow from operations and cash on-hand, the amount and timing of operating costs and capital expenditures relating to the expansion of our business, operations and infrastructure, implementation of marketing programs, our key agreements and strategic alliances, our ability to obtain additional capital as, and when, needed, and on acceptable terms and general economic conditions specific to our industry, any of which could impact sales, costs and expenses and/or planned strategies and timing. We assume no obligation to, and do not currently intend to, update these forward-looking statements.

To join our email distribution please click this link: http://www.b2i.us/irpass.asp?BzID=1645&to=ea&s=0Investor Contact:Hayden IR Jeff Stanlis, Partner(602) 476-1821jeff@haydenir.comNEWCARDIO, INC(a development stage company) CONDENSED CONSOLIDATED BALANCE SHEETSJune 30,

December 31,2010

2009(unaudited)ASSETSCurrent assets:Cash

$
80,490

$   1,386,007Short term investment

-

25,010Accounts receivable, trade

39,628


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SOURCE NewCardio, Inc.
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