LAS VEGAS, Oct. 29, 2007 (PRIME NEWSWIRE) -- Cardio Infrared Technologies, Inc. (Pink Sheets:CIRT) announced today the completed merger with Omega Mining and Exploration Corp. At the closing of the transaction, Wayne Bailey, President and CEO of Cardio Infrared Technologies, Inc., was nominated to the Board of Directors and was appointed President and CEO.
Cardio Infrared Technologies, Inc. owns a licensing agreement and the worldwide marketing rights for "CardioCor(tm) Exerbike," a revolutionary product which integrates cardio-vascular exercise with modern infrared technology to assist in weight loss, reduction of cellulite and detoxification of the body. CardioCor(tm) Exerbike has also demonstrated a host of additional health, wellness and medical benefits.
The CardioCor(tm) Exerbike is totally revolutionary utilizing two different technologies in one combined unit, integrated infrared heat and a recumbent exercise bike. While the rider is peddling the recumbent bike to increase the heart rate to the 60-70% level of maximum, which is the fat burning zone, CardioCor(tm) Exerbike simultaneously employs an array of infrared lamps which directs infrared heat straight onto the body. This combination of exercise and infrared can increase the number of calories burned by up to 10 times the calories typically burned on a conventional only exercycle.
"Cardio Infrared Technologies, Inc. intends to aggressively market the equipment around the world. We are very excited about the company's future and look forward to making additional major announcements very soon," said Wayne Bailey, Chairman and CEO of Cardio Infrared Technologies, Inc. Mr. Bailey continued: "We are very pleased about the merger and the many growth opportunities afforded a publicly traded company."
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 innovate new equipment and programs 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.