LAS VEGAS, Sept. 16, 2009 (GLOBE NEWSWIRE) -- Cardio Infrared Technologies, Inc. (Pink Sheets:CDOI) www.cardio-cor.com., a leading Health and Wellness technology and marketing company, announced today that an agreement between Fabio Marchesi the inventor and holder of the patent for the acquisition of that patent and the technology used in the "Cardio-Cor infrared exercise bike".
Wayne Bailey, President and CEO of Cardio Infrared Technologies, Inc., stated, "The acquired patent is a process and function patent for reducing adipose tissue in specific areas of the body by combined action of heat and muscular activity. The patent covers any combination of heat, including infrared, and any kind of exercise. The patent was granted and issued February 15, 2000. Patent # 6,024,760 was issued to Fabio Marchesi."
Mr. Bailey continued, "The acquisition of this patent is a key ingredient in the future of Cardio Infrared Technologies Inc. This technology will be the base for new equipment and products that will be introduced over the next few months and years. The amount of time, effort and money invested on the acquisition and the development of the technology was well spent and will provide for the future sales and profits for the company. The possibilities of using the technology are unlimited."
Cardio Infrared Technologies, Inc.'s mission and vision is to bring this technology to the worldwide market. The potential profit from the deployment of this technology may possibly be unlimited.
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.