LAS VEGAS, Nov. 5, 2007 (PRIME NEWSWIRE) -- Cardio Infrared Technologies, Inc. (Pink Sheets:CIRT) announced today it has secured the rights to market the Infrared CardioCor Exerbike into all areas of Europe. After intensive discussions with current manufacturers and vendors and based entirely upon Cardio Infrared Technologies, Inc. sales and support history in the United States the Manufacturer has granted CIRT the marketing rights to all of Europe.
A group from the United Kingdom has approached Cardio Infrared Technologies, Inc. to be a part of the sales and distribution for Europe. CIRT is pursuing a joint venture with this group and is expecting to begin European distribution in early 2008.
Wayne Bailey, President and CEO of Cardio Infrared Technologies, Inc., commented, "CIRT is committed to expanding its sales and marketing throughout all of North America and internationally. The discussions with suppliers and potential International partners have been very fruitful and positive."
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 innovate 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.