NewCardio Inc. (NWCI.OB) Achieves Milestone with First Revenue-Generating Technology Study

QualityStocks would like to highlight NewCardio (OTCBB: NWCI), a cardiac diagnostic and services company, developing and marketing proprietary software platform technologies to provide higher accuracy to, and increase the value of, the standard 12-lead ECG. The company’s QTinno software suite offers accurate, automated and comprehensive analysis for cardiac safety assessment in drug development.

In the company’s news yesterday,

NewCardio announced it has completed its first revenue generating study, in collaboration with a leading global biopharmaceutical services provider, with which NewCardio previously signed a Master Services Agreement (MSA) for the use of its QTinno software.

The QTinno software was installed at one of the service provider’s phase 1 units to conduct and complete a small initial study. NewCardio said the resulting data will provide an initial cardiac safety profile used to determine what action is needed for the compound to further QT analysis or potential out-licensing of the compound.

Vincent Renz, NewCardio’s president and COO, said the timely and accurate completion of the study and its resulting data is a significant achievement that positions the company for future business relationships.

“The successful completion of this study, which satisfied all NewCardio’s expectations for accuracy and timeliness, will facilitate the ongoing transition to more automated studies in the future,” Renz stated in the press release. “QTinno was implemented to help perform a small phase 1 study rapidly and at low cost for their sponsor, providing useful data indicating the cardiac safety profile of the drug. We are excited to have achieved this milestone, and look forward to this leading to additional business with the biopharmaceutical services provider as well as this sponsor in the future.”

NewCardio said it expects to recognize the revenue from the phase1 study during the third quarter.

About QualityStocks

QualityStocks, based in Scottsdale, Arizona is a free service that collects data from hundreds Small-Cap and Micro-Cap online Investment Newsletters into one Free Daily Newsletter Report. QualityStocks is dedicated to assisting emerging public companies with their advertising efforts and now has over 750,000+ subscribers that receive The Daily Stock Newsletters.

To sign up for “The QualityStocks Daily Newsletter” please visit www.QualityStocks.net

Please see disclaimer on QualityStocks website: http://Disclaimer.QualityStocks.net

Forward-Looking Statement:
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.