LAS VEGAS, Sept. 8, 2008 (GLOBE NEWSWIRE) -- Cardio Infrared Technologies, Inc. (Pink Sheets:CIRT) www.cardio-cor.com, a leading Health and Wellness technology and marketing company, announced today that sales and net income for the eight months ended August 31, 2008, ended with net income up 82% and sales up 68% above the same period a year ago.
Wayne Bailey, President and CEO of Cardio Infrared Technologies, Inc., stated, "Sales for the eight months end August 31, 2008 are up 68% above the same period for 2007. The net income for the eight months ended August 31, 2008 was up 82% over the same period for 2007. The company is very excited about the increase in business and the progress that has been accomplished so far this year. The additional capital resources that Cardio Infrared Technologies, Inc. has been able to generate, have made a big difference in the ability to generate additional sales and thus increase the profitability of the company. Sales continue to increase on a monthly basis due to the increased sales force and the benefits that the units offer the customers."
Cardio Infrared Technologies is quoting units for delivery in Europe for the fourth quarter of this year and the first quarter of 2009. Cardio Infrared Technologies, Inc. is the world sales leader for the Cardio-Cor equipment and is working with the manufacturer to decrease the cost per unit and increase the market area for the units.
The new website for the Cardio-Cor is generating leads at ten times the rate the old website generated leads and the website has only been in operation for one week. The number of leads generated will continue to increase as more search engines list the site and Cardio-Cor moves up on the search pages for each engine. Cardio Infrared Technologies, Inc. will continue to invest in this website and develop the increased sales this site can and will generate.
Cardio Infrared Technologies, Inc. has been investing in additional sales and marketing efforts over the last six months resulting in additional sales and income. Cardio Infrared Technologies, Inc. will continue to develop the market for the Cardio-Cor and other products that will enhance the Cardio-Cor sales and increase the dollar amount and profit per sale.
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.