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CIRT on watch up 33% on news

Tuesday, July 08 2008 9:45 AM, EST

Cardio Infrared Technologies to Raise Up to $2M in Equity Funding

PrimeNewswire "PrimeNewswire "

LAS VEGAS, July 8, 2008 (PRIME NEWSWIRE) -- Cardio Infrared Technologies, Inc. (Pink Sheets:CIRT), a leading Health and Wellness technology and marketing company, announced today that Cardio-Cor will begin selling a Private offering in the European Union beginning in August. Several European firms have expressed interest in selling the stock. The equity raise will be in concert with a Private offering in the US. Cardio-Cor expects to raise $2 million in equity during this concerted fund raising effort.

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 innovative new equipment 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.

CONTACT: Cardio Infrared Technologies, Inc.
Wayne Bailey
[e-mail]