Mr. Etienne Grima reports
CARDIOCOMM SOLUTIONS ISSUES SHARES IN SUPPORT OF EXPANDED HEARTCHECKTM SALES AND MARKETING EFFORTS IN NORTH AMERICA
CardioComm Solutions Inc. has issued 29,201 shares to Simi Grosman, an independent member of the board of directors, for services rendered to the company in the months of January, February and March, 2013. The shares were issued at a 5-per-cent premium to the closing price of the company's shares at the end of each month. The total value of the shares issued was $4,500; the shares were issued pursuant to a services agreement dated Jan. 11, 2013. The shares are subject to a four-month hold period that will expire on Sept. 16, 2013.
"In response to growing interest in our medical devices from international distributors, Mr. Grosman has assumed an increased role in the management of our North American relationships," said Etienne Grima, chief executive officer of CardioComm Solutions. "With anticipated distributor sales and our now-patent-pending SMART Monitoring 30-minute ECG-[electrocardiogram]-reporting service moving forward, now is the prudent time to develop a dedicated North American sales and marketing lead."
We seek Safe Harbor.
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