Recom Managed Systems Changes Name to Signalife
09 Novembre 2005 - 3:32PM
PR Newswire (US)
Heart-Monitoring Pioneer Unveils New Identity, Plans to Bring First
Product to Market in December 2005 GREENVILLE, S.C., Nov. 9
/PRNewswire-FirstCall/ -- Recom Managed Systems, Inc. (AMEX:RSY),
announced today that it has changed its name to Signalife Inc.,
reflecting the company's commitment to the development and
marketing of its proprietary signal-monitoring technology for the
detection of disease. (Logo:
http://www.newscom.com/cgi-bin/prnh/20051109/NYW087LOGO ) "Our new
name, Signalife, is a metaphor for our mission," said Pamela Bunes,
president, CEO and chairman of Signalife. "It reflects our
dedication to providing physicians with improved ways to monitor
patients' health and identify potential problems earlier and more
precisely than ever before." The company's flagship product, the
Model 100 Heart Monitor, is approved by the FDA and will be
available to physicians nationwide in early December. The monitor
uses patented technology developed by Signalife that allows
patients to go about normal daily activities while recording a
clinical- quality monitoring signal that can aid in the diagnosis
of heart disease. "Each year, cardiovascular disease is a primary
or contributing cause for more than 1.4 million deaths in America,"
said Bunes. "Moreover, 70 percent of all cardiovascular disease in
this country could be prevented through earlier detection and
intervention. Our goal is to help physicians reach that objective."
In recognition of the name change, Signalife has received a new
trading symbol on the American Stock Exchange - SGN. The company
will commence trading under its new name and symbol effective as of
the opening of the market on Tuesday, Nov. 15, 2005. The name
change and new trading symbol will be accompanied by a mandatory
exchange of share certificates. Under AMEX policy, until 75 percent
of shares in the public float have been exchanged, Signalife's
stock will trade on a when-issued basis as SGN.WI, and settlement
of trades will be suspended. The company anticipates this process
will take one to two weeks, after which pending trades will settle
and the shares will trade under the SGN symbol. If an investor's
shares are held by a broker, the change will be made automatically.
Shareholders who hold shares in their names must submit their
shares to Signalife's stock-transfer agent and registrar, Atlas
Stock Transfer Corporation, 5899 South State Street, Salt Lake
City, UT, 84107; (801) 266-7151. About Signalife Inc. Signalife,
formerly Recom Managed Systems, 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. The first Signalife product, the Model 100
Heart Monitor, is an ambulatory patient heart monitor that uses
patented signal-processing technology to record a clinical-quality
ECG signal in the presence of interference generated by the
patient's body movements and ambient environment. The Model 100 has
received 510(k) clearance from the Food and Drug Administration and
will be available to physicians in December 2005. Signalife is
traded on the American Stock Exchange under the symbol SGN. More
information is located at http://www.signalife.com/ . Signalife:
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 regulatory approvals governing
heart-monitoring and other biomedical devices incorporating
Signalife's technology; inability to obtain physician, patient or
insurance acceptance of heart-monitoring and other biomedical
devices 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 devices 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. Contact:
Signalife Rodney Hildebrandt Chief Operating Officer (864) 233-2300
or MCS Public Relations Sarah Morgan (800) 477-9626
http://www.newscom.com/cgi-bin/prnh/20051109/NYW087LOGO
http://photoarchive.ap.org/ DATASOURCE: Recom Managed Systems, Inc.
CONTACT: Rodney Hildebrandt of Signalife, +1-864-233-2300, or Sarah
Morgan of MCS Public Relations, 1-800-477-9626, Web site:
http://www.signalife.com/
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