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HTG-Ventrex, Signalife's Contract Manufacturer, Acquired by Parker Hannifin Corporation
Monday April 28, 9:30 am ET
GREENVILLE, S.C., April 28 /PRNewswire-FirstCall/ -- Signalife, Inc. (Amex: SGN - News) announced today that its contract manufacturer, Ventrex Inc., Ventura, CA, acquired by the Hi-Tech Group in September 2007, has been acquired by Parker Hannifin Corporation (NYSE: PH - News), Cleveland, OH as part of the Parker Hannifin strategic entry into the medical device manufacturing industry. The Hi-Tech Group, a 2007 Medical Design Excellence Award winner, combines the strength of Ventrex with other engineering, molding, assembly and plastics companies expanding its technical service offering to Signalife and the medical device industry. Signalife is pleased to have chosen Ventrex, Inc., a highly responsive and capable full service medical device contract manufacturer with ISO 13485 certification and FDA registration, as its contract manufacturer. With a broad array of process capabilities, foremost attention to quality, total responsiveness, and highly efficient operation, Ventrex offers superior value in medical device contract manufacturing services.
Dr. Budimir S. Drakulic, Signalife's Chief Technology Officer commented: "This acquisition is very important for Signalife's manufacturing capabilities. We have a great business relationship with HTG-Ventrex and are glad that they are now part of Medical Systems Division of Parker's Seal Group. Ventrex, Hi-Tech, and now Parker Hannifin remain totally committed to Signalife and its product's success."
About Signalife
Signalife, Inc. is a life sciences company focused on the monitoring, detection and prevention of disease through continuous biomedical signal monitoring. Signalife uses its patented signal technology to design and develop medical devices, therapies and/or technologies that simplify and reduce the costs of cardiovascular disease.
Signalife, Inc. is traded on the American Stock Exchange under the symbol SGN. More information is located at www.signalife.com. Clear Data. Trusted Results.
Caution Regarding Forward-Looking Statements
Statements in this release that are not strictly historical are "forward- looking" statements. Forward-looking statements involve known and unknown risks, which may cause Signalife's actual results in the future to differ materially from expected results. Factors which could cause or contribute to such differences include, but are not limited to, failure to complete the development and introduction of heart monitoring and other biomedical devices incorporating Signalife's technology, failure to obtain federal or state or governmental or international regulatory approvals governing heart monitoring and other biomedical devices incorporating Signalife's technology, failure to obtain import and export capabilities in the various countries containing buyers and resellers and hospitals and clinics and doctors for the Signalife devices, inability to obtain physician, patient or insurance acceptance of for heart monitoring and other biomedical incorporating Signalife's technology, and the unavailability of financing to complete management's plans and objectives, including the development of heart monitoring and other biomedical incorporating Signalife's technology. These risks are qualified in their entirety by cautionary language and risk factors set forth and to be further described in Signalife's filings with the Securities and Exchange Commission.
--------------------------------------------------------------------------------
Source: Signalife, Inc.
SGN on bottom watch today ~
Link back for chart :)
Signalife awarded new U.S. patent for method to monitor heartbeats
Published: Wednesday, 23-Apr-2008
Medical Patent News
Signalife, Inc. has announced that the United States Patent and Trademark Office has awarded the Company a new and important patent entitled "System For, And Method Of, Monitoring Heartbeats Of A Patient". The patent, which covers 37 claims, will enhance the Company's ability to develop new proprietary products.
Patent attorneys from Fulwider & Patton supervised and executed the patent application along with Chief Technology Officer Budimir S. Drakulic -- the inventor of the patented technology. The new patent is owned by Signalife, Inc. In conjunction with the Patent Office's granting of the patent, the Company will now evaluate whether or not it will file a continuation or continuation-in-part application for the purpose of pursuing additional claim coverage in the technology that may have occurred since the time of the original application.
Budimir S. Drakulic called the patent-issuance-development a "major milestone in the continued proliferation and protection of the Company's core technologies and products." Dr. Drakulic continued to say that issued patents together with significant patent portfolio already submitted to the United States Patent Office and two Frost & Sullivan technology awards represent major achievements for a young medical device company.
The Company currently has several additional patents pending before the United States Patent and Trademark Office covering a wide array of cardiac technologies and products. Dr. Drakulic stated that he is "confident the Company will continue to be successful in obtaining approvals for pending patents of its technologies and products."
Signalife, Inc. is a life sciences company focused on the monitoring, detection and prevention of disease through continuous biomedical signal monitoring. Signalife uses its patented signal technology to design and develop medical devices, therapies and/or technologies that simplify and reduce the costs of cardiovascular disease.
http://www.news-medical.net/?id=37685
SGN ~> Popped up on scan. Watchlisted again.
Link back for chart.
It was just a clearly orchestrated pump and dump, that's all.
well, we need to change the current activity level, to one of participation and communication. There is currently a great deal going on with SGN. I believe there is change in the wind, a new direction for the company which would start with a change in management. This should be a great buying opportunity for everyone....but it will probably take news for this to really happen.
It was never a very active message board.
Naaaa, everyone is getting ready to buy. Just watch.
it appears that everyone who was posting here before has now sold and moved on....Huuuuuuummmmmm! now that is a novel thought....
can someone please tell me what the heck is going on with our SGN.....i see that the web cast really help stimulate stock momentum, however, it appears that the momentum is going in the wrong direction. Would be nice for corp to come out with news that should have been included in the Tuesdays web cast. i think this is what you call "going down the toilet"....LTF
Maybe today is the day everyone finally took profit lol.
I didn't get to actually see the webcast because I was at work yesterday, however my best friend watched it for me and said that although it was low key that the sales projections we conservatively $70 million in sales by the 4th quarter.
For a company that produced no revenue in 2007 to come out of the gate with $70+M in revenue in year one of production? There's no problem here nor is anything screwed up.
The people trading on T/A who wanted their profit got out yesterday.
would someone please tell me how things got so screwed up today. The web cast was a serious disappointment and could have generated a tremendous amount of excitement for the company and the stock. So much for Doctors who can't market their product and the company at the same time.
you only get a few good shots in life and each one needs to count or pretty soon your just firing blanks.
Sheesh, saw that one coming a mile away at least.
SIGNALIFE’s New ECG Technology: Advances Patient and Consumer Heart Care
[It Expands Clinical And Medical Cardiac Research Opportunity] Summary: A truly disturbing fact is the vast majority of ECG recording doctors are using to make diagnosis lack accuracy. If ones raw data isn’t sound, then it is irresponsible to make decisions based on that data. Inaccurate data becomes even more dangerous when it is plugged into systems that magnify it, and quickly provide it to physicians as a basis for diagnosis and treatment. Unfortunately, this is what has occurred during the evolution of most existing ECG systems.
Introduction
Since introduction in clinical settings, the long-term goals of electrocardiography has been the noninvasive detection of the presence of heart disease, the classification and characterization of disease, and the monitoring of cardiac function to assess change in cardiac state or effect of therapy [1]. Somewhere along the way most existing manufacturers loss site of the long term goal, and became sidetracked by the development of non-core technologies. Over time, this lack of focus has led to a sacrifice in the quality of data collected and then used by doctors. The ironic return for sacrificing the integrity of the data has been faster and more powerful tools to interpret and display said inaccurate data; such as auto-interpretation, data filters, computer averaging, electrical axis determination and interval measurement.
The disastrous result is that currently more emphasis is being put on less accurate data in the world of ECGs. The vast majority of healthcare intuitions have inaccurate data being fed into inpatient telemetry systems. Systems used for Heart trend reporting e,g. ST segments and other waveform data that are connected to ST and other alarms parameters, and often integrated with hemodynamic and other monitoring equipment.
We are all aware that if your raw data isn’t sound, then there isn’t any use in developing systems to interpret it. Unfortunately, as technology advanced providing filters and computer averaging, it hid the fact that the raw data was potentially distorted. This point; however, was not lost in the Signalife’s patented technology. A technology that uses a unique approach to acquire accurate data first and foremost, ensuring the most accurate information is available for making a diagnosis.
Signalife’s patented technology provides a unique platform for biomedical signal acquisition, classification, and evaluation of treatment for cardiovascular diseases. This platforms allows for a more accurate and precise identification of changes in cardiac function than any other ECG system in existence. The Fidelity ECG system(s) is based on patented technology that covers the full spectrum of cardiac frequencies. This system [2] allows for better-quality data by avoiding problems that exist in all other systems. The
Fidelity technology controls baseline wandering that distorts the heart's signal. The system does not involve filters, computer averaging, or any reconstruction of any portion of the ECG waveform. Being the only technology on the market not to use filters and techniques to mask the data is pertinent today. Kligfield and Okin [3] recently concluded there is a highly prevalent and likely widespread problem of improper filter settings being used in routine electrocardiography. This particular issue should be of tremendous concern to any risk management department.
History of technology
Signalife’s current patented technology was developed over a number of years. The original signal processing technology was developed in the early 1990s for the U.S. Air Force and NASA to enable recording of pilots’ brainwaves in the harsh environment of the jet airplane cockpits. The technology was further improved and used in sleep recorder devices that would enable home-based sleep studies. Signalife’s research and development team adjusted certain parameters of this technology to provide what is currently considered clinical-quality electrocardiographic recordings in ambulatory, exercise stress testing, and ultimately continuous 24/7 monitoring. Although many feel Signalife’s technology could set new standards of what is considered clinical-quality electrocardiographic recordings, but that shall remain speculation for now. What is clear is that the technology has been shown to produce a more accurate recording than other systems on the market [7], [8], [9].
Superior performance
Signalife technology has demonstrated superior performance over other systems on the market time and time again. Most ECG manufacturers have taken the classic, fundamentally flawed, approach to capturing an ECG. First they get a complete acquisition of the biomedical signal, and then on the back end they use digital filters to remove noise and provide a “clean” signal, that appears accurate but isn’t, i.e. “to improve cosmetic appearance of ECG tracing” [3]. The major problem with this approach is that it allows an unacceptable amount of baseline wander and a significant amount of distortion of the ECG data [12]. Signalife has a better approach to signal acquisition that does not rely on digital filters and keeps base line wander under control. Note, the use of digital filters not only reduces the noise but it removes a piece of the real information in the ECG. In addition, different digital filters can mimic heart disease not present in original ECG signal [12]. Signalife’s system provides more accurate data by relying on a front-end amplification system. Signalife prides itself on capturing correct data upfront, so it doesn’t need to be “cleaned” later. Signalife’s technology is optimized for different requirements of each step during signal acquisition, providing a much better tool for diagnoses. [3]
Signalife is a company which chose the correct approach to noninvasive detection of the presence of heart disease, the classification and characterization of disease, and the monitoring of cardiac function to assess change in cardiac state or effect of therapy.
In April of 2004, a group of authors from the FDA presented a position paper at 29th Annual Conference of the International Society for Computerized Electrocardiology (ISCE) describing a “new ambulatory recording system;” i.e. the Signalife system, that can become another source for diagnostic-quality 12-lead ECG records[2].
Signalife’s approach, its “new system,” is exactly what makes it better than anything else on the market. The Fidelity system differentiates it from all other ECG systems. In fact, not one company in the world does or even claims to match the ECG signals of Signalife's Fidelity 100. This is why no existing system or company represents competition for Signalife's Fidelity 100. This includes Phillips, Siemens, GE, and all other 12 lead ECG monitoring systems in the marketplace today. When it comes to ECG, Signalife’s new system is simply better at getting the intended job done. To highlight this point, I would note that all low-end frequencies between .05 and .5 Hz and high-end frequencies above 40 Hz to 150 Hz are basically excluded by existing ECG equipment. Further, most systems do not comply with the ECG guidelines issued by the American Heart Association [3], [4].
The Fidelity 100 can account for minimal ECG voltage changes i.e. 5 μV changes while others requiring changes of over 20 to 40 μV. This is pivotal for detecting myocardial ischemia in heart muscle. The cardiac ischemia is reflected by ST segment elevations and/or other distortions of the ST segment as well as other segments of the ECG waveform. It is Fidelity 100's specificity and sensitivity that allows the acquisition of a clean and undistorted heart signal. This is why the Fidelity 100 out performs all other ECG monitors. These facts become extremely important when monitoring high-risk cardiac patients not only in a pre-hospital setting, but during their hospital stay as well as in post discharge monitoring.
In regards to Signalife, one can say that no system approaches this quality and provides the physician with an accurate 12 lead ambulatory diagnostic recording. The Fidelity 100 provides the data that you need while the heart is under stress to properly characterize the signals coming from the heart to allow the development of a proper treatment plan for the patient. This is what cardiac care is all about i.e. reducing errors in providing the basic information needed for more accurate diagnosis and treatment. This translates into better care and a higher quality of life for the patient.
The Fidelity 100
During initial clinical evaluation, Fidelity 100 was used to provide a continuous ECG monitoring of ischemic episodes for Signalife’s Device Implementation, Validation, and Application (DIVA) program at Duke Clinical Research Institute at Duke University. In laboratory testing, using database of simulated ECG signals, the Fidelity 100 has outperformed competitors’ electrocardiographs in ability to faithfully reproduce original ECG signal. The results from DIVA study and field use of the Fidelity 100, demonstrate that Signalife Fidelity 100 outperformed well-known ECG recorders made by GE, Philips, Mortara, Siemens and NorthEast Monitoring [7], [8], [9].
Modified Fidelity 100 using the same patented technology was used to record surface ECG and intracardiac signals during electrophysiological studies at Cleveland Clinic. A group of authors from Cleveland Clinic and Signalife presented their work during 2006 Heart and Rhythm Society (HRS) meeting in Boston, Massachusetts [10]. The recordings obtained using Signalife technology demonstrated higher fidelity signals compared to the recordings from GE Prucka system, a widely used system. Following the Cleveland Clinic/Signalife presentation at the 2006 (HRS), a scientist from Medtronic approached Signalife R&D team inquiring about the Signalife technology and Fidelity 100. After demonstrating the Fidelity 100 at the Beth Israel Deaconess Medical
Center in Boston, Massachusetts, the Principal Investigator from the Center and the scientist from Medtronic selected Fidelity 100 over GE MAC 5000 for ECG recorder that will be used in a Medtronic study.
Later that same year, the Signalife technology was put through the arduous test when Olympic Gold medalist and a Super Bowl winner, Willie Gault, ran on a treadmill while wearing the Fidelity 100 [11]. This demonstration drew attention and awe of many attendees of the 2006 American Heart Association Scientific Sessions, including a large number of Signalife competitors.
Fidelity 200
Signalife has continued down the path toward noninvasive detection of the presence of heart disease, the classification and characterization of disease, and the monitoring of cardiac function to assess change in cardiac state or effect of therapy by applying its technology to an event monitor. Signalife has now received FDA 510(k) clearance to market and sell, without prescription, its ambulatory event recorder throughout the United States. This device is a direct-to-consumer non-prescription flexible credit cardsized heart monitoring device which will be used as an early-detection device by patients who desire to independently monitor their condition. The HeartLife Tempo Card uses the award-winning technology contained in Signalife's Fidelity 100 Heart Monitor. In operation, at the onset of an event that will be recorded, the patient will hold the event recorder to his/her chest, press the "record" button, and record up to a 45-second event.
The event recorder will be capable of storing up to six, 45-second recordings. The patient will then either take the recorder to his or her physician for review, or transmit the data to a subscription-based 24-hour monitoring center where it can be immediately evaluated by a qualified ECG technician, cardiac nurse or cardiologist.
This card will allow patients to effectively monitor their hearts anytime, anyplace, without the necessity of a prescription or other physician intervention. This, in turn, will lead to additional care and may lead to earlier intervention and other preventative measures for cardiovascular disease - the most costly of all diseases nationwide with annual expenditures approaching $400,000,000 spent across the country.
Fidelity 300
Signalife believes that ambulatory electrocardiography can be advanced through the application of its patented technology. Fidelity 300, under development, is a portable Holter recorder that provides superior data quality and capabilities for up to 30 days of recording. The American College of Cardiology and American Heart Association recognize the importance of Ambulatory Electrocardiography (AECG) and provides Guidelines on the use of AECG to aid clinical decision making. Accurate electrocardiographic interpretation assumes that technical standards are adhered to during the acquisition and recording of ECG signal in the field. It is well known that artifacts may result in an incorrect diagnosis of arrhythmias and may lead to unnecessary interventions and treatment [13].
Signalife’s patented technology provides a unique platform that allows for high-fidelity recording in harsh environments. Signalife is striving to become the gold standard for collecting ECG data in ambulatory environment.
Fidelity 400
The Signalife Fidelity 400 Intra-Cardiac Monitor, under development, applies Signalife's award-winning proprietary physiological signal acquisition and amplification technology to record intracardiac signals procured from intracardiac catheter. An intracardiac catheter is a flexible tube that is inserted through a vein in the leg and fed into the heart. The catheter is equipped with electrodes which allow recording of signals from within the heart. These signals are transmitted to a monitor allowing physicians to evaluate various cardiac functions, including arrhythmias. These readings are beneficial in that they measure signals directly from the heart, as opposed to signals read from the surface of the body. The main objective and benefit of the novel system is to offer a technology that overcomes problems presently associated with recordings of surface ECGs and intracardiac signals during electrophysiological studies.
The Future
As Signalife continue to take the correct approach in noninvasive detection of the presence of heart disease it continues to improve its system. While focusing first and for most on collecting accurate data that gives you the most accurate starting point. Only then can you make the proper diagnosis and treatment plan. Signalife is continuing to properly develop lifesaving systems and integrate systems such as auto-interpretation, electrical axis determination and interval measurement. Inpatient telemetry systems include; trending reporting for heart rate, ST segments, etc, ST and HR alarms, and integration with hemodynamic monitoring equipment. All of which can be extremely beneficial if used with accurate data.
Conclusion
One of the basic doctrines of healthcare states that if a tool exists that can improve the level of care provided it must be used, so one would expect mandates which require this type of system will eventually come along. Those that wish to uphold the highest standards of care should begin using this system as soon as they hear of it, not because they have to but because it’s the right thing to do.
Based on laboratory, clinical, and field evaluations, Signalife technology can be used to properly diagnose more precise changes in the electrical signal of the heart which lead to the detection of known cardiovascular abnormalities. Signalife’s technology is the only choice for recording a consistently accurate ECG. Never sacrifice fidelity when it comes to the heart.
References:
1. Robert L. Lux, Journal of Electrocardiology, Vol. 33 Supplement, 2000.
2. David Buckles et al, Advances in Ambulatory Monitoring: Regulatory Considerations,
International Society for Computerized Electrocardiology ’04 Abstract Book, Pg. 15,
April 2004.
3. Paul Kligfield and Peter M. Okin, Prevalence and Clinical Implications of Improper
Filter Settings in Routine Electrocardiography, Journal of Cardiology, Vol. 99, 2007,
711-713.
4. American Hearth Association, http://circ.ahajournals.org/cgi/reprint/115/10/1306.
5. Budimir S. Drakulic et al, Electrocardiograph High Pass Frequency Response Revisited,
presented at the ISCE 30th Annual Conference poster session, Lihue Kauai, HI, April 12-
17, 2005.
6. ACC/AHA, Journal of American College of Cardiology, Vol. 34, No. 3, September
1999:912-48.
7. Marko N. Kostic et al, Evaluation of Novel ECG Signal Processing on Quantification of
Transient Ischemia and Baseline Wander Suppression, presented at the 29th International
Conference of the IEEE Engineering in Medicine and Biology Society in Lyon, France,
August 2007.
8. Signalife, Inc., Appendix A – DIVA Recordings, Signalife Technology, November 2007.
9. Signalife, Inc., Appendix B – Cathlab Recordings, Signalife Technology, November
2007.
10. Mauricio Arruda et al, A Novel Portable Wireless Multi-channel ECG and Intracardiac
Recording System, presented at the 2006 Heart and Rhythm Society Conference in
Boston, Massachusetts.
11. Signalife, Inc., Appendix C – AHA Demonstration, Signalife Technology, November
2007.
12. Haran Burri, et al, Simulation of Anteroseptal Myocardial Infarction by
Electrocardiographic Filters, Journal of Cardiology, Vol 39, 2006, 253-258.
13. ACC/AHA, Guidelines for Ambulatory Electrocardiography, Journal of American
College of Cardiology, Vol.34, No.3, 1999, 912-48
http://www.executivehm.com/currentissue/article.asp?art=272831&issue=241
a link to this article was posted on the SGN website 4/11/08
http://www.signalife.com/Pages/News2008.asp
Making a Difference
Extending electrocardiography into new applications will reduce the burden of heart disease and extend the quality-of-life to patients suffering from heart disease.
By Lowell T. Harmison
Signalife’s patented technology provides a unique platform for biomedical signal acquisition, classification and evaluation of treatment for cardiovascular diseases. Original signal processing technology was developed by Signalife’s Chief Technology Officer in the early 1990s for the US Air Force and NASA to enable recording of pilots’ brainwaves in the harsh environment of the jet airplane cockpits. The technology was further improved and used in sleep recorder devices that would enable home-based sleep studies. Signalife’s R&D team adjusted certain parameters of this technology to provide clinical-quality electrocardiographic recordings in ambulatory, exercise stress testing, and ultimately continuous 24/7 monitoring. In April of 2004, a group of authors from the FDA that reviewed Signalife’s Fidelity 100 510(k) submission presented a position paper at the 29th Annual Conference of the International Society for Computerized Electrocardiology (ISCE) describing a new ambulatory recording system, i.e. the Signalife system, that can become another source for diagnostic-quality 12-lead ECG records on par with other modalities such as resting ECG and exercise stress testing.
The field of electrocardiography has seen many changes in application to better understand the heart. However, very little has been done to improve the basic core-industry technology that allows you to get a more accurate and clearer signal reflecting what is actually going on in the heart.
The Signalife technology makes a sea change in signal quality that truly represents what is occurring in your heart muscle. It does this by eliminating noise, motion artifact, signal filtering and other core normal elements altering the quality of the echocardiogram. Further, these basic improvements allow for evaluation of your heart under ambulatory conditions as well as a more definitive assessment of your heart under defined stress testing.
This is truly a giant step forward for the practice of medicine and its ability to diagnose and treat heart disease. In addition, it provides a new world for collecting previously uncollectible valuable research data and information concerning drug therapies and other treatments for cardiac and cardiovascular conditions.
Furthermore, the technology allows for 12 lead diagnostic assessments of patients from the point of a 911 pickup for more rapid and proper application of life saving therapies to begin before reaching the hospital, to providing more efficient continuous monitoring from the hospital door through treatment and patient discharge. It also provides for the first time monitoring of high-risk cardiac patients post hospital discharge. These are the characteristics and functions that set the Signalife electrocardiographic technology apart from all others in this field.
Signalife Fidelity 100 makes a difference in ECG diagnostic monitoring across the full spectrum of heart disease under practically every environment and in every category, i.e.:
cardiac treatment modalities including surgery
drug regimens
emergency medicine and acute care
cardiac/cardiovascular screening as well as all ambulatory applications
Clearly, what counts are the differences made in understanding heart disease and how it should be treated. If the difference is dramatic and clear, it alters our understanding of the disease and the prescription/recommendations for the patient. This will save lives and allow physicians to deliver improved patient care.
No company makes a product that will do what the Signalife products do. This is the core contribution that extends electrocardiography into new applications as well as improving existing applications for better heart monitoring and care to reduce the burden of heart disease and extend quality-of-life to so many suffering from heart disease.
Cardiovascular Disease
64 million Americans have cardiovascular disease (CVD) spending $393.5 billion annually
CVD is a primary or contributing cause for more than 1.4 million deaths in America each year
CVD mortality rate equates to about 60 percent of ‘total mortality’
Percentage breakdown of deaths from cardiovascular diseases (US: 2004)
Source: NCHS and NHLBI
Trends in Cardiovascular Operations and Procedures (US: 1979-2004)
Source: NCHS and NHLBI (Note: Inpatient procedures only)
http://www.executivehm.com/currentissue/article.asp?art=272877&issue=241
a link to this article was posted on the SGN website 4/11/08
http://www.signalife.com/Pages/News2008.asp
How many times in recent memory have you seen headlines reading, "Health Care Sector a Safe Bet" or how about "Looking for a new Career? Considering Nursing"?
Right now the health care sector is being touted as one of the best plans of attack for folks looking for a sure bet. The boomers are all retiring and the health care sector is expected to continue growing even during a down turn in the economy. Actually it has no choice but to continue to grow due to our rapidly aging demographic. Face it, we aren't getting any younger as a society currently.
So here we have a company that has a really great product that fills a pretty big need in the cardiac monitoring arena, has what could pretty much be considered disruptive technology (I really despise this overly used term) and in what has been a technologically stagnant funk for the last 2 decades. This is all happening in a sector that should see some decent growth over the coming years. The health care sector has outperformed the S&P in almost every recession. The sector has preformed poorly over the last few years, it's been shunned but the money is going to start moving back in this direction very soon.
Good technology, good product, decent company and in an ever increasingly attractive sector.
What is not to like?
*lol* I've been watching this company for well over a year. I knew it was going to take a while for them to really get somewhere and I had concerns as to whether or not they'd actually be able to generate sales. I knew the technology was great but there are many companies with great technology that die in the water because they can't make any inroads in the market.
Now that SGN is booking some significant orders that to me says that they're ready to compete with the likes of the major ECG equipment manufacturers. My guess is that tomorrow's webcast is going to have some pretty interesting forecasts, that this thing is going to really start to move up and to a higher base.
SGN Chart ~> Looking Pu'rdy Good
You have all that information, have you ever posted on this board before? I don't see anything back far as December.
You could have at least let me know yesterday!:)
The more people exposed to the product the more investors we're going to see. This upcoming webcast could cause a significant stir if their sales projections are good.
Let me tell you, EKG technology has been virtually unchanged in the last 20 years. The quality you get now is the same as it's been. From professional experience having worked with them for 15 years, they're a pain in the butt and they are pretty crude determiners of cardiovascular disease and damage. Not only that but they are cumbersome and uncomfortable for the patient. They require a lot of time to keep them hooked up to the patient and the readings are fraught with artifact. It's not funny when a guy brushing his teeth looks like V-tach on the monitor because of the electrical interference created by motion.
What this company has is something that we've needed for a long time. Because it will save the hospitals time (manpower to keep these things working) it will also boost the diagnostic capabilities of ECG's. This creates more business by detecting disease better and earlier. More patients diagnosed means further investigation and surgical intervention. It's a business booster. More people take drugs to lower their blood pressures and reduce their cholesterol early. It's a win, win situation for hospitals.
This company is going to sell a LOT of product. I can see it being the replacement standard for all hospitals and clinics. When the equipment contract runs out a lot of places will be making the switch.
SGN up 20% today and new news, no postings? Scary.
Signalife Announces Webcast
Monday April 7, 9:00 am ET
GREENVILLE, S.C., April 7, 2008 /PRNewswire-FirstCall/ -- Signalife, Inc. (AMEX: SGN - News) has confirmed that it has filed its form 10-KSB, and the company's Chairman and Chief Executive Officer, Dr. Lowell T. Harmison, has scheduled a webcast on April 14, 2008, at 10:00 a.m. EST.
Dr. Harmison stated: "Now that Signalife has closed filing the company's form 10-KSB and the Company is manufacturing and shipping product, I am pleased to provide direction on new contracts, pending orders and production, various product initiatives (from the Fidelity 100 to the prospective industry-wide application of the Fidelity 1000 module), and the Athletes For Life partnership, as well as such issues as the Company's immediate, positive financial prospects as well as several other initiatives that have now been completed. The webcast will be broadcast from a studio and will be attended by representatives of Athletes for Life Foundation and selected invited members of the business press. To the extent time permits, I will answer questions following my presentation. I urge all persons following the company to view the webcast."
You may access the webcast at http://www.videonewswire.com/event.asp?id=47313 and will have the opportunity to submit written questions over the internet. You may also view or review the webcast for a 12-month period at the same website address (please allow several hours for Signalife to effectuate this archival link). All individuals viewing the original webcast or any replay are reminded that the webcast is copyrighted by the company and cannot be recorded or rebroadcast without the company's express written consent.
About Signalife
Signalife, Inc. is a life sciences company focused on the monitoring, detection and prevention of disease through continuous biomedical signal monitoring. Signalife uses its patented signal technology to design and develop medical devices, therapies and/or technologies that simplify and reduce the costs of cardiovascular disease.
Signalife, Inc. is traded on the American Stock Exchange under the symbol SGN. More information is located at www.signalife.com. Clear Data. Trusted Results.
Caution Regarding Forward-Looking Statements
In this news release we make a number of statements, referred to as "forward- looking statements", which are intended to convey our expectations or predictions regarding the occurrence of possible future events or the existence of trends and factors that may impact our future plans and operating results. Any statements in this news release that are not statements of historical fact maybe considered to be forward-looking statements. These forward-looking statements are derived, in part, from various assumptions and analyses we have made in the context of our current business plan and information currently available to us and in light of our experience and perceptions of historical trends, current conditions and expected future developments and other factors we believe to be appropriate in the circumstances. You can generally identify forward-looking statements through words and phrases such as "seek", "anticipate", "believe", "estimate", "expect", "intend", "plan", "budget", "project", "may be", "may continue", "may likely result", and similar expressions. Each forward-looking statement should be read in context with, and with an understanding of, the various other disclosures concerning our company and our business made in this news release as well as other public reports we file with the SEC, as they may be amended. You should not place undue reliance on any forward-looking statement as a prediction of actual results or developments. We are not obligated to update or revise any forward-looking statement contained in this news release to reflect new events or circumstances unless and to the extent required by applicable law.
SOURCE Signalife, Inc.
-0- 04/07/2008
/CONTACT: Dr. Lowell T. Harmison, CEO of Signalife, Inc., +1-864-233-2300/
/First Call Analyst: /
/FCMN Contact: john@jmw-law.com /
/Web site: http://www.signalife.com
http://www.videonewswire.com/event.asp?id=47313 /
(SGN)
CO: Signalife, Inc.
ST: South Carolina
IN: HEA MTC SPT
SU: CCA
SB-FK
-- NYM052 --
0305 04/07/2008 09:00 EDT http://www.prnewswire.com
--------------------------------------------------------------------------------
Source: PR Newswire
Signalife Wins More Business; Actively Shipping Orders
Tuesday March 25, 9:30 am ET
LOS ANGELES, March 25 /PRNewswire-FirstCall/ -- Signalife, Inc. (Amex: SGN - News) has announced that it has been and continues to ship orders under what Dr. Harmison calls an "efficient production line at its manufacturing facility." Additionally, the Company has received an additional $7.5 million in Fidelity 100 device delivery orders in the month of March, 2008, which the company intends to fill during the next two quarters. The Company said it may fill these orders sooner.
Dr. Harmison stated: "I am very comfortable with our production line capabilities in terms of their immediate capacity - which will now ramp up to a minimum of 125 production model Fidelity 100 devices per month and grow from there. This capability will be expanded significantly to meet growing demand.
The Company also added that it is continuing discussions with its European and Asian partners (and prospective ones), and Dr. Harmison "anticipates that these opportunities will bear fruit ten days from today. I am pleased to be able to provide this update."
In finishing, Dr. Harmison stated: "The reach of the Frost & Sullivan organization into Asia -and our devices having won the Frost technology awards in two out of three years - has been a significant marketing tool whose uses are obvious and are compelling."
About Signalife
Signalife, Inc. is a life sciences company focused on the monitoring, detection and prevention of disease through continuous biomedical signal monitoring. Signalife uses its patented signal technology to design and develop medical devices, therapies and/or technologies that simplify and reduce the costs of cardiovascular disease.
The Company has moved its corporate headquarters back to Los Angeles, California following the termination of prior management who desired the Greenville, South Carolina location and based their prospective success on that location - which never came to fruition. The Company continues to consult with several employees and professionals in the Greenville area.
Signalife is publicly traded on the American Stock Exchange under the symbol SGN. The website for the company is http://www.Signalife.com. Clear Data. Trusted Results.
Caution Regarding Forward-Looking Statements
Statements in this release that are not strictly historical are "forward- looking" statements. Forward-looking statements involve known and unknown risks, which may cause Signalife's actual results in the future to differ materially from expected results. Factors which could cause or contribute to such differences include, but are not limited to, failure to complete the development and introduction of heart monitoring and other biomedical devices incorporating Signalife's technology, failure to obtain federal or state or governmental or international regulatory approvals governing heart monitoring and other biomedical devices incorporating Signalife's technology, failure to obtain import and export capabilities in the various countries containing buyers and resellers and hospitals and clinics and doctors for the Signalife devices, inability to obtain physician, patient or insurance acceptance of for heart monitoring and other biomedical incorporating Signalife's technology, and the unavailability of financing to complete management's plans and objectives, including the development of heart monitoring and other biomedical incorporating Signalife's technology. These risks are qualified in their entirety by cautionary language and risk factors set forth and to be further described in Signalife's filings with the Securities and Exchange Commission.
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Source: Signalife, Inc.
SGN Annotated Chart
AMEX Notifies Signalife That It Has Accepted Signalife's Plan of Compliance
Thursday March 20, 2:30 pm ET
GREENVILLE, S.C., March 20 /PRNewswire-FirstCall/ -- On January 7, 2008, Signalife received a deficiency letter from the American Stock Exchange ("AMEX") pursuant to which it advised that Signalife would need to comply with the $6 million stockholders' equity threshold required for continued listing under AMEX Rules 1003(a)(iii). This notification was triggered by the decline of Signalife's market capitalization to less than $50 million, which previously exempted Signalife from meeting the minimum stockholders' equity requirement. Pursuant to the letter, Signalife submitted to AMEX for its review and acceptance a plan to bring the company into compliance with the aforesaid stockholders' equity requirement. On March 20, 2008, AMEX notified Signalife that it accepted the company's plan of compliance and granted the company an extension until May 7, 2009 to regain compliance with the aforesaid stockholders' equity requirement. Signalife will be subject to periodic review by AMEX Staff during this extension period. Failure to make progress consistent with the plan or to otherwise regain compliance with the aforesaid stockholders' equity requirement by the end of the extension period could result in the company being delisted from AMEX.
About Signalife, Inc.
Signalife, Inc. is a life sciences company focused on the monitoring and detection of disease through continuous biomedical signal monitoring. Signalife uses its patented signal technology to design and develop medical devices that simplify and reduce the costs of diagnostic testing and patient monitoring in an ambulatory setting. Signalife, Inc. is the recipient of the Frost & Sullivan Technological Innovation Award for 2006 and 2008.
Signalife, Inc. is traded on the American Stock Exchange under the symbol SGN. More information is located at www.signalife.com. Clear Data. Trusted Results.
Caution Regarding Forward-Looking Statements
In this news release we make a number of statements, referred to as "forward-looking statements", which are intended to convey our expectations or predictions regarding the occurrence of possible future events or the existence of trends and factors that may impact our future plans and operating results. Any statements in this news release that are not statements of historical fact maybe considered to be forward-looking statements. These forward-looking statements are derived, in part, from various assumptions and analyses we have made in the context of our current business plan and information currently available to us and in light of our experience and perceptions of historical trends, current conditions and expected future developments and other factors we believe to be appropriate in the circumstances. You can generally identify forward-looking statements through words and phrases such as "seek", "anticipate", "believe", "estimate", "expect", "intend", "plan", "budget", "project", "may be", "may continue", "may likely result", and similar expressions. Each forward-looking statement should be read in context with, and with an understanding of, the various other disclosures concerning our company and our business made in this news release as well as other public reports we file with the SEC, as they may be amended. You should not place undue reliance on any forward-looking statement as a prediction of actual results or developments. For example, no assurance can be given that Signalife will attain the results set forth in the plan or otherwise satisfy AMEX's continued listing requirements, or that Signalife's common stock will continue to trade on AMEX. We are not obligated to update or revise any forward-looking statement contained in this news release to reflect new events or circumstances unless and to the extent required by applicable law.
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Source: Signalife, Inc.
Signalife Sees Accretive Purchase and Financial Commitments
Monday March 17, 9:30 am ET
LOS ANGELES, March 17 /PRNewswire-FirstCall/ -- Signalife, Inc. (Amex: SGN - News) announced earlier today that it has received several formal purchase and financial commitments with respect to acquisitions of the Company's technology licenses, devices and services. These commitments have come internationally, including in Japan, other parts of Asia and Europe, as well as domestically.
Dr. Harmison, the Company's President and CEO, stated: "I anticipate closing these transactions in the upcoming two to four weeks, which comprise significant business for the Company. With the experiential base developed during my tenure regarding the ECG data generated from the usage of our technologies -- not only by health care providers but also through numerous Athletes for Life-sponsored mobile health care screenings -- there are now numerous additional revenue streams that have naturally become available to the Company. Indeed, physicians have provided me with a variety of data and information following very successful screenings this past weekend on the Athletes for Life Mobile Health Center in Temecula, California. With this kind of data garnered from real patients in the field, the foundation for the expansion of our life-saving devices becomes stronger every day."
The Company did not state the exact amount of business contemplated by these developments, and it cautioned that there is no certainty that any of the transactions will close as contemplated -- or at all.