Cardio Infrared Announces Enhanced BioFit(TM) Infrared Bike
24 March 2011 - 11:30PM
Marketwired
Cardio Infrared Technologies, Inc. (PINKSHEETS: CDOI)
www.cardio-cor.com; www.thebiofit.com, a leading Health and
Wellness technology and marketing company, announced today the
newly designed BioFit™ Stationary Infrared work out Bike
("CelluCurve") is currently in production in Italy and will soon be
produced in the US.
Wayne Bailey, President and CEO of Cardio Infrared Technologies,
Inc., stated; "The new BioFit™ Stationary Infrared Bike has been in
development for the past year and is now in production in our
Bergamo, Italy facility. The first BioFit™ Bike was shipped to the
United States September and was delivered and installed in Draper,
Utah. The new BioFittm Infrared Bike is being produced in Italy;
while production facilities are brought on line in the United
States. Having two facilities manufacture the new BioFit™ bike will
help in meeting the increasing demand from around the world for the
BioFit™ work out bike. The Bergamo facility is currently
manufacturing orders from Italy, England and the US. The new
BioFit™ is approximately half the size of the old Cardio-Cor bike
model." Mr. Bailey continued; "The new BioFit™ bike was featured at
the Anti-Aging Show in Las Vegas last December and generated a huge
BUZZ amongst the H&W attendees resulting in several orders for
the new bike."
The BioFit™ will be made in America with
American parts and labor to be sold around the world. The new
BioFit™ US manufacturing facility will not only provide jobs for
Americans but also will provide Cardio Infrared Technologies, Inc.
a price advantage around the world market due to more favorable
foreign exchange rates. With the introduction of the new BioFit™
bike; Sales for 2011 are expected increase over 300%.
This new BioFit™ model will provide a marketing platform for
Worldwide sales. The BioFit™ bike is the first in a series of
numerous new products scheduled to be released based upon the
"Infrared Technology" and that expertise is at the heart of Cardio
Infrared Technologies, Inc.
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 into every country
around the world. The equipment and technology has been featured on
Good Morning America and The View. Cardio Infrared Technologies,
Inc also has an aggressive growth plan that includes merger
acquisitions and development of innovative new equipment and
programs within 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.
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Contact: Wayne Bailey Email Contact company website
www.cardio-cor.com www.thebiofit.com
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