LAS VEGAS, Jan. 6, 2009 (GLOBE NEWSWIRE) -- Cardio Infrared Technologies, Inc. (Pink Sheets:CIRT), www.cardio-cor.com, a leading Health and Wellness technology and marketing company, announced today the completion of nearly one year's efforts and successful sale of the Cardio-Cor ExerBike to Quantum Energy Health Centre's of Toronto, Canada.
Wayne Bailey, President and CEO of Cardio Infrared Technologies, Inc., stated, "The sale to Quantum Energy Health Clinics by our National Sales Director, Carol Anglin, is the first of many to be placed in the franchise operations of this Toronto, Canada-based Health and Wellness company. This first unit will be installed in the flagship location as a prototype for the balance of their franchise operations. The Cardio-Cor will be located within the epicenter of the finance, entertainment, and shopping districts of one of North America's most dynamic cities, Toronto, Canada; a city of more than 2.7 million people, qualifying it as the largest city in Canada.
Quantum Energy, owned and operated by Bob Dunn and John Sargent, is a 3 yr. old Health and Wellness company. Cardio-Cor's first meeting with the owners was last year at the Anti-Aging Show in Las Vegas, where it became apparent that a synergistic relationship between the two companies was emerging and would eventually become a viable partnership. Mr. Sargent has been in the holistic health industry for over 25 years, working with literally thousands of clients, and became involved with state-of-the-art technologies as a result of a mobile clinic he operated for 8 years in Canada. He worked with cutting edge 'live blood cell microscopy' technology which pinpoints the nutritional quality of the blood. Having known Mr. Dunn for more than 20 years, he sought him as a partner for his knowledge of new business startups and his expertise in the fields of finance, accounting, marketing, and strategic planning. Together they formed the Quantum Energy Health Clinics. They have trained over 1500 people across North America on specific technologies relating to their pattern of wellness. Many of those people came back to Quantum wanting a sustainable business model which Bob developed as a result of reviewing many different modalities to improve people's health. Their concept, known as Urban DeTox, encompassed the theory of Evaluate, Eliminate, and Rejuvenate. This is where the Cardio-Cor came in due to its ability to detoxify the body and lower inflammation. Both Bob and John knew that the biggest expense to the healthcare system was Chronic Illness which accounts for 70% of the systems expenditures and that 9 out of 10 people have nutritional and digestive issues. Due to the success their clients are currently achieving, the program enjoys a 90% compliance rate because they can see how their bodies are responding within a short space of time and are therefore willing to continue on the program with vigor.
Quantum is now in the process of franchising this exciting new concept in wellness as an investor-based business. These investors themselves and their families have been helped tremendously with the program and now want to see this concept taken worldwide. Their question to Bob was, "How quickly can you set up 1,000 clinics?" Bob has agreed to the implementation of approximately 250 clinics in the year 2009 and will be including the Cardio-Cor as part of the recommended equipment for each new Centre.
Quantum is currently looking at locations that have sustainable high visibility such as downtown and suburbia malls with good traffic flow. Their standard clinic will be somewhere between 2,000 and 2,500 sq. feet with regional centers being about 5,000 sq. ft. These regional centers will have a Naturopathic Doctor on staff. Bob states, "At the core of our philosophy is a desire to bring people's bodies back into a state of homeostasis and attract good people to manage our clinics as we give them continued sound training and support, and we wish to multiply our voice so that all will benefit and realize better health and a sense of well-being than was ever thought possible. We are pleased to add the Cardio-Cor to this new and exciting venture."
This strategic alliance and distributorship agreement with Quantum Energy Health Clinics opens up the entire Canadian market for Cardio-Cor.
About Cardio Infrared Technologies, Inc.
Cardio Infrared Technologies, Inc. is a technology and marketing company, which is focused on developing the revolutionary and evolutionary process of combining exercise equipment with medical benefits that go far beyond the normal benefits of standard exercise equipment. Cardio Infrared Technologies, Inc. is committed to continue to market this equipment to the exercise and medical markets and to aggressively expand the market to every country around the world. The equipment has already been featured on Good Morning America and The View. Cardio Infrared Technologies, Inc. also has an aggressive growth plan that includes acquisitions and development of innovative new equipment and programs in the exercise and medical industries.
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words or phrases "would be," "would allow," "intends to'" "will likely result," "are expected to," "will continue," "anticipate," "expect," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "considers," or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. These include the company's historic lack of profitability, end user customer acceptance and actual demand, which may differ significantly from expectations, the need for the company to manage its growth, the need to raise funds for operations and other risks within the regulation of the industry. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company's past performance is not necessarily indicative of its future performance. The Company does not undertake, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, events or circumstances after the date of such statement.