CardioComm Solutions, Inc. Confirms Secured Renewals on $500,000 in Loans
December 21, 2020
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CardioComm Solutions, Inc. confirmed that it has secured renewals on $500,000 in loans which had a maturity date of December 31, 2020. The maturing loans to the company were described in the company's press release dated December 21, 2016, and were extended in December 2018 and March 2019, as described in the company's press releases dated December 27, 2018, and April 12, 2019, respectively. The lenders have agreed to extend the loans until December 31, 2022 with a reduction in interest rates from 10% to 8%. The company has the right to repay any loan amounts outstanding at any time, in whole or in installments, without penalty.
CardioComm Solutions, Inc. is a Canada-based company, which develops software, hardware and core laboratory reading services related to electrocardiogram (ECG) and ambulatory arrhythmia monitoring systems for medical and consumer markets globally. The Company's specialization is in the software engineering of computer based (ECG) management and reporting software. The software permits physician interpretations of ECGs and supports private and public payer fee-for-service billings. The Companyâs device connectivity and ECG management technologies are used in medical, consumer, clinical research and telemedicine solutions for the recording, transmission, viewing, analyzing, reporting and storage of electrocardiograms, for arrhythmia screening, diagnosis, and management of cardiac patients. Its Global ECG Management Solutions (GEMS) and GlobalCardio (Cloud based GEMS) products are licensed worldwide to hospitals, ECG commercial reading services and physicians.
CARDIOCOMM SOLUTIONS, INC. 
