FOR: CARDIOCOMM SOLUTIONS, INC. TSX VENTURE SYMBOL: EKG February 14, 2012

CardioComm Solutions Executes an ECG Monitoring Service Agreement with Meditel of Italy and Places Soft-Launch HeartCheckTM PEN Order..

Toronto, Canada -- February 14, 2012 -- CardioComm Solutions, Inc., (TSX Venture Symbol: EKG, Ontario, CANADA) (“CardioComm Solutions” or the “Company”) and Italian-based Meditel S.R.L. (Milan, Italy; “Meditel”) have executed a four year Software License, Usage and Service Agreement. The agreement will allow Meditel the continued use of CardioComm Solutions’ proprietary, internet-based ECG service software known as GlobalCardioTM. GlobalCardioTM is a software-as-a-service (“SAAS”) offering that utilizes a technology platform similar to the Global ECG Management System (GEMSTM), but within an internet-based, virtual application that is scalable and optimized for simplified setup, configuration and remote management by CardioComm Solutions. “Meditel operates a medical call centre that supports general practitioner offices, hospitals, university research clinics and over 500 pharmacies in Italy by offering arrhythmia monitoring services and resting 12 lead ECG acquisition. Meditel’s interpreting cardiologists use GlobalCardioTM to access transmitted ECGs from CardioComm Solutions’ servers regardless of where the specialist is geographically located. Use of GlobalCardioTM can provide the referring physician ECG reports securely and within minutes via a web-based reporting engine. The nature of the virtualized SAAS GlobalCardioTM systems allows CardioComm Solutions’ customers to access the service without any material upfront investment,” said Etienne Grima, CardioComm Solutions’ CEO. The GlobalCardioTM solution system is the same SAAS-based solution that is utilized by the CardioComm Solutions Coordinating Centre (“C4”) ECG service into which the recently announced hand held HeartCheckTM PEN and HeartCheckTM ECG monitors have been integrated. CardioComm Solutions has also confirmed the start of the first commercial production run of the HeartCheckTM PEN. “The recent one million dollar exercise of warrants by MD Primer Inc. has provided CardioComm Solutions with an immediate infusion of unencumbered cash allowing us to proceed with the ordering of 3,200 HeartCheckTM PEN devices. These devices are being produced to support a soft product launch of the HeartCheckTM PEN and to initiate a C4 web-service market review with the HeartCheckTM PEN scheduled for later this year. We look forward to the completion of what has been a fast-paced and successful HeartCheckTM PEN commercialization initiative and to moving forward with its global product launch,” added Mr. Grima.

About Meditel S.R.L. Meditel promotes innovative telemedicine services through an Italian pharmacy, physician and hospital network servicing over 500 pharmacies throughout Italy offering 12 lead ECG tests, loop event monitoring and other telemedicine services with GlobalCardio™ as the backbone to their system. Additional information can be found at www.meditel.mi.it and www.mediwebnet.it.

About CardioComm Solutions, Inc. 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, Inc. is headquartered in Toronto, Canada, with offices in Victoria, B.C.

 

 

FOR FURTHER INFORMATION PLEASE CONTACT: Etienne Grima, Chief Executive Officer 1-877-977-9425 egrima@cardiocommsolutions.com www.cardiocommsolutions.com Forward-looking statements This release may contain certain forward-looking statements 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. By their nature, forward-looking statements 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. 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.