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news.Heart Health has signed a letter of intent to acquire 100% of the assets of Systems Art Holding's Heart Health Monitor. As part of this agreement, the company will acquire the existing website, technology, all provisional patents and other related assets for an unspecified amount of Heart Health common stock.
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Heart Health will enter into a consulting agreement with Systems Art Holding, to support the current product development and production of the Heart Health Monitor. The company intends to continue developing state of the art medical devices that are functional, inexpensive, non-invasive and easy to use.
Systems Art Holding developed the Heart Health Monitor, a portable, non-invasive, single lead EKG used in the early detection of heart disease that has been designed for both home and institutional use. The portable monitor uses a simple index, which aids in determining heart disease.
Michael Kron, chairman and CEO of Heart Health, said: “We believe the Heart Health Monitor will greatly reduce the acceleration of heart disease among men and women who proactively check the strength of their hearts and react to poor results with visits to their physicians.”