Mr. Etienne Grima reports

CARDIOCOMM SOLUTIONS CLOSES SHARES-FOR-DEBT TRANSACTION

Cardiocomm Solutions Inc. has closed its previously announced shares-for-debt transaction under which it has issued 1,073,500 common shares of the company at a deemed price of five cents per share to settle debt in the amount of $53,675 owed to Etienne Grima, the company's chief executive officer, for management fees. The shares issued are subject to a four-month hold period, which will expire on Jan. 2, 2016.

We seek Safe Harbor.