CardioComm Solutions Completes Arrhythmia Surveillance Deal for Monitoring Heart Disease Patients Treated with Drug Eluting Stents in India

Toronto, Ontario–(Newsfile Corp. – May 31, 2016) – CardioComm Solutions, Inc. (TSXV: EKG) (“CardioComm Solutions” or the “Company”), a global medical provider of consumer heart monitoring and medical electrocardiogram (“ECG”) software solutions, today announced that it has entered into a sales and ECG services agreement with California-based Vascular Innovations Ltd. (“Vascular Innovations”), to provide post-market surveillance of patients with coronary artery disease treated with a new drug eluting stent (“DES”). The program will first be launched in India through Vascular Concepts Ltd. (“VCL”), an India-based affiliate of Vascular Innovations.

The arrhythmia surveillance deal provides a significant revenue opportunity to CardioComm Solutions which will be supported from the over 250,000 pre-paid ECG reading fees that will follow the purchase of a minimum of 8,250 HeartCheck™ devices. Additional revenue is expected from continued patient use of the HeartCheck™ SMART Monitoring service following completion of a pre-paid one month surveillance period.

Under the six-year renewable agreement, Vascular Innovations will develop sales and marketing channels to hospitals in India for their coronary and structural heart medical devices with post-market surveillance of patients conducted through the use of HeartCheck™ based technologies. The Company confirms that the Vascular Innovations deal was finalized with the placement of an initial order of 250 HeartCheck™ ECG devices. The first phase for launch of the DES in India will require a maximum of 33 months during which period an additional 2,000 HeartCheck™ devices with pre-paid ECG triages will be utilized. Over the next three years a minimum of 6,000 additional HeartCheck™ ECG devices will be purchased with pre-paid ECG triages. Based on the results of their DES treatment program in India, Vascular Innovations plans to expand the launch of their surgical treatments and patient surveillance program into other territories globally from which CardioComm Solutions will derive further benefits.

Under the sponsored arrhythmia/rhythm surveillance program, patients implanted with a Vascular Innovations medical device will be provided a free HeartCheck™ ECG PEN and a pre-paid one month post-surgery arrhythmia/rhythm surveillance service at hospital discharge. Each HeartCheck™ device serial number will be associated with a specific patient and a set number of pre-paid ECG triages that patients will utilize over their first month of recovery. ECG recordings will be taken once each day or if/when a patient feels symptomatic. Patients will utilize the Company’s free GEMS™ Home software to upload recorded ECGs to the Company’s SMART Monitoring ECG service. A triage report will be generated from each uploaded ECG and should an actionable arrhythmia such as atrial fibrillation (“AF”) be found, the patient’s health care provider will be alerted to provide any needed follow up support. After the initial one month period of free arrhythmia surveillance is completed patients will be allowed to keep their HeartCheck™ ECG PENs. The configuration of the 8,250 HeartCheck™ devices will be automatically converted to a per ECG based, pay-for-use-service model and patients may then continue to access the SMART Monitoring ECG service on a per-ECG fee model identical to what is currently offered to the direct to consumer markets globally.

A representative from Vascular Innovations confirmed that an initial market evaluation of the HeartCheck™ technologies has been completed and that eighteen medical centers within India are ready to implement the HeartCheck™ post-surgery arrhythmia surveillance program. Vascular Concepts further confirms that use of their DES implantable devices and an expected atrial occluder for AF treatment will be expanded globally and that use of the HeartCheck™ ECG technologies will increase proportionately.

This is the second Company announcement regarding a partnership agreement to provide services within India, a country which holds significant growth potential for the SMART Monitoring service. This initiative will assist the Company to expand into new markets and provides the first opportunity for CardioComm Solutions’ technologies to be integrated into a patient care management strategy.

To learn more about CardioComm Solutions’ products please see the Company’s websites http://ift.tt/1Bb7ke6 and http://ift.tt/1wJR56c or contact the Company at sales@cardiocommsolutions.com.

About Vascular Innovations Inc.

Vascular Innovations, Inc. is a premier intellectual property development group providing opportunities for acquisition, merger, or alliances with the latest medical device technologies. Vascular Innovations has assembled a portfolio of technologies from many years of medical device experience. Programs are in many stages, from business plans to pending/issued patent, to stock products ready for market introduction. Innovative technologies are available from the areas of vascular and cardiovascular.

About CardioComm Solutions

CardioComm Solutions’ patented and proprietary technology is used in products for recording, viewing, analyzing and storing electrocardiograms (ECGs) for diagnosis and management of cardiac patients. Products are sold worldwide through a combination of an external distribution network and a North American-based sales team. The Company has earned the ISO 13485 certification, is HPB approved, HIPAA compliant and has received FDA market clearance for its software devices. CardioComm Solutions is headquartered in Toronto, Ontario, Canada.

FOR FURTHER INFORMATION PLEASE CONTACT:
Etienne Grima, Chief Executive Officer
1-877-977-9425 x 227
investorrelations@cardiocommsolutions.com
http://ift.tt/1wJR56c

Forward-looking statements

This release may contain certain forward-looking statements and forward looking information with respect to the financial condition, results of operations and business of CardioComm Solutions and certain of the plans and objectives of CardioComm Solutions with respect to these items. Such statements and information reflect management’s current beliefs and are based on information currently available to management. By their nature, forward-looking statements and forward-looking information involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements and forward-looking information.

In evaluating these statements, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not assume any obligation to update the forward-looking statements and forward-looking information contained in this release other than as required by applicable laws, including without limitation, Section 5.8(2) of National Instrument 51-102 (Continuous Disclosure Obligations).

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

from Newsfile Corp News Releases http://ift.tt/1XcsYMQ

Advertisements

Investment Banker and Plumber Charged With Insider Trading

Washington D.C.–(Newsfile Corp. – May 31, 2016) – The Securities and Exchange Commission today announced insider trading charges against an investment banker and his close friend, a plumber who allegedly helped remodel his bathroom and put cash in his gym bag in return for illicit tips about upcoming mergers and acquisitions.
 
The SEC alleges that Steven McClatchey had regular access to highly confidential nonpublic information about impending transactions being pursued for investment bank clients.  The Analysis and Detection Center within the SEC Enforcement Division’s Market Abuse Unit detected an illicit pattern of trading by Gary Pusey, who McClatchey allegedly tipped with nonpublic information on 10 different occasions ahead of public merger announcements.
 
“We will continue enhancing our market surveillance techniques to detect patterns of insider trading and expose schemes, even when alleged perpetrators like McClatchey and Pusey attempt to avoid detection by providing in-person tips and cash payments,” said Joseph Sansone, Co-Chief of the SEC Enforcement Division’s Market Abuse Unit.
 
In a parallel action, the U.S. Attorney’s Office for the Southern District of New York today announced criminal charges.
 
According to the SEC’s complaint filed in federal court in Manhattan:
  • The scheme began in early 2014 after McClatchey and Pusey became close friends upon meeting at a marina where they kept their fishing boats. 
  • One of McClatchey’s job responsibilities was to collect timely information about potential mergers and acquisitions involving clients of the investment bank where he worked in New York City.  McClatchey misused his ready access to confidential information and regularly tipped Pusey.
  • Pusey used the misappropriated nonpublic information as he purchased securities in 10 companies before their acquisitions were announced publicly, enabling him to generate $76,000 in illicit trading profits. 
  • In return for the tips, Pusey provided McClatchey with free services during his bathroom remodel and paid him thousands of dollars in cash that he typically placed in McClatchey’s gym bag while at the marina or handed to him directly in his garage. 
 
The SEC’s complaint charges McClatchey and Pusey with violating Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 as well as Section 14(e) of the Exchange Act and Rule 14e-3.  The complaint seeks a final judgment ordering McClatchey and Pusey to pay disgorgement of their ill-gotten gains plus interest and penalties, and permanently enjoining them from future violations of these provisions of the federal securities laws.
 
The SEC’s investigation was conducted by Mark S. Germann and Charles D. Riely of the Market Abuse Unit with assistance from John Rymas in the Analysis and Detection Center.  Also assisting in the investigation were Sandeep Satwalekar, James D’Avino, and Matthew Lambert of the New York Regional Office.  The case has been supervised by Mr. Sansone.  The SEC appreciates the assistance of the U.S. Attorney’s Office for the Southern District of New York, the Federal Bureau of Investigation, and the Financial Industry Regulatory Authority.
 

from Newsfile Corp News Releases http://ift.tt/1Xct5rL

IIROC Trade Halt – CardioComm Solutions, Inc.

Vancouver, British Columbia–(Newsfile Corp. – May 31, 2016) – The following issues have been halted by IIROC:

Company: 

CardioComm Solutions, Inc.

TSX-V Symbol:

EKG

Reason:

At the Request of the Company Pending News

Halt Time (ET)

13:34

   

IIROC can make a decision to impose a temporary suspension of trading in a security of a publicly listed company, usually in anticipation of a material news announcement by the company. Trading halts are issued based on the principle that all investors should have the same timely access to important company information. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

– 30 –

For further information: IIROC Inquiries 1-877-442-4322 (Option 3) – Please note that IIROC is not able to provide any additional information regarding a specific trading halt. Information is limited to general enquiries only.

from Newsfile Corp News Releases http://ift.tt/1r0TRF3

IIROC Trade Resumption – Redhill Resources Corp.

Vancouver, British Columbia–(Newsfile Corp. – May 31, 2016) – Trading resumes in:

Company:

Redhill Resources Corp.

TSX-V Symbol:

RHR

Resumption Time (ET):

13:15

 

 

IIROC can make a decision to impose a temporary suspension of trading in a security of a publicly listed company, usually in anticipation of a material news announcement by the company. Trading halts are issued based on the principle that all investors should have the same timely access to important company information. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

– 30 –

For further information: IIROC Inquiries 1-877-442-4322 (Option 3) – Please note that IIROC is not able to provide any additional information regarding a specific trading halt. Information is limited to general enquiries only.

from Newsfile Corp News Releases http://ift.tt/1O2kKU5

NAS-Produkte (Network Attached Storage) von Sphere 3D — Overland Storage — jetzt um Encrypted Continuous Replication (ECR) erweitert

San Jose, Kalifornien–(Newsfile Corp. – May 31, 2016) – Die Sphere 3D Corp. (NASDAQ: ANY), ein Anbieter von Lösungen für Containerisierung, Virtualisierung und Datenmanagement und Mutterunternehmen von Overland Storage und Tandberg Data, gab heute bekannt, dass sie ihre verbreitete Snap-Produktfamilie von lokalen und Cloud-basierten Speicherprodukten um Encrypted Continuous Replication (ECR) erweitert hat. Snap ECR™ bietet Unternehmen aller Größen Geschäftskontinuität fast ganz ohne Datenverlust bei einem IT-Ausfall. Snap ECR, geschützt durch die US-Patente Nr. 8,296,398 und 8,856,233, ist eine hoch sichere Lösung für die kontinuierliche Replikation. Sie repliziert ausschließlich geänderte Daten ohne Verringerung der Gesamtübertragungsrate. So wird Bandbreite eingespart und sichergestellt, dass die Daten auch während der Nutzungsspitzen stets geschützt sind. Außerdem bietet die Lösung sichere, verschlüsselte Datenübertragungen über das Netzwerk und macht so ein VPN überflüssig.

Snap ECR ist eine Erweiterung zu Snap EDR™ (Enterprise Data Replication). Diese Funktion repliziert Daten über mehrere Plattformen hinweg und wird von IT-Managern meist außerhalb der Spitzenzeiten eingeplant. Mit der Kombination dieser beiden Replikationsangebote können IT-Abteilungen eine ultra-sichere Datenspeicherung nutzen, die Netzwerkbandbreite einspart und Geschäftskontinuität fast ohne Datenverlust für zahlreiche unterschiedliche Workloads bietet, selbst wenn diese Millionen Dateien umfassen. Wie für alle Snap-Produkte stellt das Unternehmen hierfür den technischen Support OverlandCare rund um die Uhr bereit. Snap ECR erweitert auch die neuesten Angebote in der Snap-Produktfamilie, darunter die gerade veröffentlichte Lösung SnapSync™ für Dateisynchronisierung und -freigabe der Enterprise-Klasse, die am 30. März vorgestellt wurde (siehe Pressemitteilung unter http://bit.ly/1ZnCUjM), um Unternehmen aller Größen eine wirklich robuste und sichere Datenspeicherlösung zu bieten.

„Wir bei Sphere 3D sind stolz, branchenweit führende Datenspeicherlösungen bereitzustellen und sie mit immer neuen Innovationen weiter zu verbessern”, kommentiert Sibrina Shafique, Leiterin Produktlinienmanagement für Snap. „Unser Snap ECR ist ein Beispiel für die technischen Innovationen, dank derer unsere Snap-Produktlinie seit Jahren führend ist. Mit Replikationsfunktionen, die zu den sichersten und effizientesten der Branche gehören, und fortlaufender Datensynchronisierung können wir unseren Kunden jederzeit und über jedes Gerät sicheren, effizienten Zugriff ermöglichen.”

„Unsere Kunden im institutionellen Bankwesen benötigen die zuverlässigste und robusteste Datenspeicherlösung der Branche”, erklärt Dave Anderson, Leiter der technischen Supportservices bei Modern Banking Systems und seit zehn Jahren autorisierter Reseller der SnapServer-NAS-Produkte von Overland Storage. „Mit Sphere 3D kann ich stets sicher sein, herausragende Lösungen anzubieten, die zukunftsfähig sind, wenn meine Kunden im Bankwesen wachsen und sich weiterentwickeln. Die aktuellen Lösungen Snap ECR und SnapSync mit OverlandCare-Support rund um die Uhr machen die Snap-Produktfamilie noch attraktiver.”

Einige Highlights von Snap ECR:

  • Kontinuierliche Replikation zwischen SnapServer und SnapCLOUD
  • Geschäftskontinuität fast ohne Datenverlust
  • Disaster Recovery für Unternehmen aller Größen
  • Militärtauglich sichere, auf asymmetrischen 4096-Bit-RSA-Schlüsseln basierende Verschlüsselung bei der Übertragung, die strikte US-Bundesnormen auch über das Jahr 2030 hinaus erfüllen wird
  • Unterstützung vieler unterschiedlicher Workloads, auch wenn sie Millionen kleiner Dateien enthalten
  • Verschlüsselung von Daten vor ihrer Replikation von einem Snap-Speicherprodukt, sei es SnapCLOUD oder SnapServer, sodass keine VPN-Verbindung erforderlich ist
  • Leistungsüberwachung und statistische Berichte für die Optimierung der Replikation

Preise und Erhältlichkeit

Snap ECR steht ohne Zusatzkosten für Snap-Kunden zur Verfügung, die über eine aktive Garantie oder einen Software-Wartungsvertrag verfügen und damit zum Upgrade auf das Betriebssystem Overland Storage Guardian OS 7.7 berechtigt sind. Snap ECR ist für SnapCLOUD verfügbar, die über Microsoft Azure bereitgestellte On-Demand-Speicherlösung mit verbrauchsbasierter Abrechnung, sowie für die lokalen Produkte SnapServer XSD 40, XSR 40, XSR 120, NAS DX2 und DX1.

Weitere Informationen zu Snap ECR finden Sie unter dem folgenden Link: http://ift.tt/1Tzk1qx

Über Sphere 3D

Die Sphere 3D Corp. (NASDAQ: ANY) bietet über ihr globales Netzwerk von Resellern ein branchenweit anerkanntes Datenmanagement sowie Virtualisierungslösungen für Desktops und Anwendungen über hybride Cloud, Cloud und lokale Implementierungen. Sphere 3D zusammen mit den hundertprozentigen Tochtergesellschaften Overland Storage und Tandberg Data bietet ein leistungsstarkes Portfolio von Marken einschließlich Glassware 2.0™, SnapCLOUD™, SnapScale®, SnapServer®, SnapSync ™, V3, RDX® und NEO®. Weitere Informationen finden Sie unter www.sphere3d.com und indem Sie uns auf Twitter folgen: @Sphere3D, @overlandstorage und @tandbergdata

# # #

Medienkontakte:
Eileen Elam
+1 408-283-4734
media.relations@sphere3d.com 

Nick Foot
BWW Communications
+44 1491-636393
Nick.foot@bwwcomms.com

Investorenkontakt:
Blueshirt Group
Michael Bishop
+1 415-217-4968
mike@blueshirtgroup.com

Safe-Harbor-Erklärung

Diese Pressemeldung kann zukunftsbezogene Aussagen enthalten, die schwer vorherzusagenden Risiken, Unwägbarkeiten und Annahmen unterliegen. Tatsächliche Ergebnisse und Zeitpunkte von Ereignissen können wesentlich von denen abweichen, die in derartigen zukunftsbezogenen Aussagen vorhergesagt werden, da Risiken und Unwägbarkeiten vorliegen; hierzu gehören unter anderem unvorhergesehene Änderungen am Geschäftsverlauf von Sphere 3D oder seinen hundertprozentigen Tochtergesellschaften, einschließlich, aber nicht beschränkt auf, Overland Storage und Tandberg Data; Zeitpunkte der Releases neuer oder aktualisierter Versionen unserer Produkte; Leistung und Funktionalität unserer Produkte; Erfolgsgrad unserer Zusammenarbeits- und Geschäftspartnerschaften; mögliche Aktionen von Kunden, Partnern, Zulieferern, Mitbewerbern oder Regulierungsbehörden sowie andere Risiken, die von Zeit zu Zeit in den regelmäßigen Berichten von Sphere 3D in unserem „Annual Information Form” und anderen Einreichungen bei kanadischen Wertpapieraufsichtsbehörden (www.sedar.com) sowie in bisherigen regelmäßigen Berichten beschrieben werden, die bei der United States Securities and Exchange Commission (www.sec.gov) eingereicht wurden. Sphere 3D verpflichtet sich nicht, möglicherweise von Zeit zu Zeit getätigte schriftliche oder mündliche zukunftsbezogene Aussagen zu aktualisieren, weder aufgrund neuer Informationen, zukünftiger Informationen noch anderer Faktoren, außer soweit dies gesetzlich vorgeschrieben ist.

from Newsfile Corp News Releases http://ift.tt/1WWXnOr

Colba.Net Announces Proposed Share Consolidation and Privatization

Montreal, Quebec–(Newsfile Corp. – May 31, 2016) – Colba.Net Telecom Inc. (CSE: CB) (“Colba.Net” or the ”Corporation”) announces that it will ask its shareholders (the “Shareholders”) to vote on a proposed going-private transaction by way of a consolidation of Colba.Net’s common shares (the ”Common Shares”) at a ratio of one new common share (a “New Common Share”) for every 25,000,000 Common Shares (the “Consolidation”). Under the Consolidation, fractions of New Common Shares will be cancelled and Colba.Net will pay $0.10 for each Common Share that forms part of such a fraction. Any Shareholder who would receive less than one New Common Share will cease to be a shareholder of the Corporation. Following the Consolidation, the Corporation’s only beneficial shareholder is expected to be its President and Chief Executive Officer, Joseph Bassili.

The vote on the Consolidation will take place at Colba.Net’s annual and special meeting of Shareholders to be held on June 29, 2016 (the “Meeting”). The record date for eligibility to vote on the Consolidation is May 24, 2016. The Consolidation was approved by the Corporation’s independent directors, Michael Karras and Guy Laflamme.

The Consolidation is exempt from the requirements under Regulation 61-101 respecting Protection of Minority Security Holders in Special Transactions (the “Regulation”) to obtain “minority shareholder approval” and a formal valuation of the Common Shares since Mr. Bassili beneficially owns an aggregate of 30,230,780 Common Shares, representing 90.4% of the issued and outstanding Common Shares, and because none of Colba.Net’s securities are listed or quoted on any exchanges or markets listed in the Regulation.

If the Consolidation is approved at the Meeting, Colba.Net will amend its articles to implement the Consolidation and apply to de-list the Common Shares from the Canadian Securities Exchange. Upon de-listing, the Corporation will then apply to cease to be a reporting issuer in Canada and ultimately revert to privately-held status.

For more details about the Consolidation, see Colba.Net’s circular dated May 31, 2016, available at www.sedar.com.

Forward-Looking Statements

Certain statements in this press release may be forward-looking, including those with respect to the completion of the Consolidation, the de-listing of the Common Shares, the payments to be made to the Shareholders and the privatization of the Corporation. Although the Corporation believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Such assumptions, which may prove incorrect, include the following: (i) the Consolidation will be approved at the Meeting, (ii) the Corporation will succeed in obtaining all regulatory approvals necessary in connection with the transactions described in this press release, including the approval of the delisting of the Common Shares from the Canadian Securities Exchange and authorization to cease to be a reporting issuer from the relevant securities regulators, and (iii) generally, no event will occur or fail to occur so as to prevent the Corporation from proceeding with the above-described transactions. Factors that could cause actual results to differ materially from expectations include (i) a refusal on the part of the appropriate regulatory authorities to grant the necessary approvals, (ii) the failure by the Shareholders to approve the resolution relating to the Consolidation at the Meeting, (iii) the Corporation’s inability to make payment to the Shareholders for unexpected and unforeseen reasons, and (iv) generally, the Corporation’s inability to implement the above-described transactions for any reason. A description of other risks affecting the Corporation’s business and activities appears under the heading “Risk and Uncertainties” on pages 9 to 10 of Colba.Net’s 2015 annual management’s discussion and analysis, which is available on SEDAR at www.sedar.com. No assurance can be given that any events anticipated by the forward-looking information in this press release will transpire or occur, or if any of them do so, what benefits that the Corporation will derive therefrom. In particular, no assurance can be given as to the future financial performance of Colba.Net. Colba.Net disclaims any intention or obligation to update or revise any forward-looking statements in order to account for any new information or any other event, except as required under applicable law. The reader is warned against undue reliance on these forward-looking statements.

- 30 -

For Further Information Please Contact:

Mr. Joseph Bassili
President and CEO
Colba.Net Telecom Inc.
514-227-1673

from Newsfile Corp News Releases http://ift.tt/1r0Jwcd

Klondex Mines is Increasing Gold Production, CEO Clip Video

Vancouver, British Columbia–(Newsfile Corp. – May 31, 2016) – President & CEO of Klondex Mines (NYSE MKT: KLDX), Paul Huet, tells us how the company keeps growing and moving forward.

To view the video click here:
http://ift.tt/1UrOyso

Klondex Mines is being featured on CBC’s Documentary Channel May 30 – Jun 12, 2016, Monday through Friday, throughout the day and evenings.

Klondex Mines (NYSE MKT: KLDX) (TSX: KDX)

Klondex Mines is on the path to building a leading integrated gold and silver producer focused in North Central Nevada. The company is producing from its Midas mine, and operating an ongoing bulk sampling program at its Fire Creek high-grade gold project. Midas, Klondex’s newly acquired operating mine and milling facility are located ~100 miles north of Fire Creek. Klondex’s secondary focus is acquiring, exploring and developing other gold and silver properties in Nevada. Currently Klondex has three other gold exploration properties, and it reviews and considers other projects for inclusion. http://ift.tt/1pVQXuv

About CEO Clips:

CEO Clips is the largest library of publicly traded company CEO videos in the US and Canada. These 90 second video profiles broadcast on national TV and are distributed online on top financial portals including: Thomson Reuters, BNN.ca, and Stockhouse.com. They are also disseminated via a video news release to several financial portals including Globe Investor, OTC Markets, TMX Money, and The National Post.

BTV – Business Television/CEO Clip Contact: Trina Schlingmann (604) 664-7401 x 5 trina@b-tv.com

from Newsfile Corp News Releases http://ift.tt/1r0JfWN