LAS VEGAS, April 3, 2008 (PRIME NEWSWIRE) -- Cardio Infrared Technologies, Inc. (Pink Sheets:CIRT) announced today the sales figures for the First Quarter of 2008.
Wayne Bailey, President and CEO of Cardio Infrared Technologies, Inc., said that "sales for the first quarter were up 100% over the first quarter of 2007. The sales for the second quarter based on orders will exceed the same quarter last year by 150%. Cardio Infrared Technologies, Inc. generated hundreds of leads and sales from the Las Vegas Anti-aging show in December, 2007. The first delivery on sales from the anti-aging show started in February 2008. Some of the locations that have received and/or will receive Cardio-Cor units are Reseda, California, Jackson Hole, Wyoming, Easton, Pennsylvania, and Stuart, Florida. Additional units that were sold at the anti-aging show will be delivered during the second and third quarters of 2008. Cardio Infrared Technologies, Inc. generated hundreds of leads from the anti-aging show, from spa shows and from exposure on The View and Good Morning America. Cardio Infrared Technologies, Inc. has commissioned sales people to follow up with the interested parties from the leads generated and to close sales. Cardio Infrared Technologies, Inc. added a new sales person in the first quarter in anticipation of the increased sales and to follow up on the leads. These leads include customers from all 50 states and 20 countries. Closings on sales are up and interest in the unit has increased as additional magazine articles and other news media have gone to press. Cardio Infrared Technologies, Inc. is selling to or working with a company that has over 400 locations. The first of these units is being delivered the first week of April 2008. Cardio Infrared Technologies, Inc. has also completed an offer to sell a block of 5 units to a company that is in the adolescent weight loss industry in Florida. The company should conclude this transaction during the 2nd or 3rd quarter of 2008."
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 results of standard exercise equipment. Cardio Infrared Technologies, Inc. is committed to continuing to market this equipment to the exercise, health 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.