Increased Order Flow Triggers European and Asian Expansion Projects for Cardio Infrared Technologies, Inc.
2011年7月23日 - 6:00AM
Marketwired
Cardio Infrared Technologies, Inc. (PINKSHEETS: CDOI)
www.cardioinfraredtech.com, a leading Health and Wellness
technology and marketing company, announced today that Cardio
Infrared Technologies, Inc. has received new orders for the BioFit™
from Europe.
CDOI is pleased to announce the launch of both European and
Asian expansion plans with the drastic increase in orders from
Turkey, Italy and Portugal. Cardio Infrared Technologies, Inc. has
committed to the launch of their aggressive growth strategy that
targets both Europe and Asia Markets which the company estimates
could be as much as 37% of top line revenue. The company's early
launch of its expansion project almost 6 months ahead of schedule
is the result of the drastic increase in current purchase orders,
which have been accompanied by deposits, stated CEO Wayne Bailey.
Additionally the company believes that the current global currency
environment has provided a prime opportunity to capitalize on an
increased demand for Cardio Infrared Technologies, Inc.'s products.
The current and future European orders will be produced at the
company's Bergamo, Italy facility.
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 into every country
around the world. The technology has been featured on Good Morning
America and The View. Cardio Infrared Technologies, Inc also has an
aggressive growth plan that includes mergers and acquisitions and
the development of innovative new equipment and programs within 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.
Contact: Wayne Bailey Email Contact company website
www.cardioinfraredtech.com
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