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LifeSync Corporation Signs MAGNET Contract

Friday, October 24, 2008 General News
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FORT LAUDERDALE, Fla., Oct. 23 LifeSync Corporationannounced it has entered into a Group Purchasing Agreement with MAGNET, whichis comprised of 12,000 members in 20 states, for the sale of the LifeSync(R)Wireless ECG and disposable ECG LeadWear(R) products.
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Shelley Hartman, President of LifeSync Corp., said, "We are delighted toenter into this agreement with MAGNET. MAGNET is a major supply chain leaderand brings its members innovative technologies that improve patient outcomeswhile controlling costs."
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"We selected the LifeSync(R) Wireless ECG System for its improved signalquality, greater patient comfort and greater clinician efficiency," explainedSteven R. Duke, Vice President, MAGNET Inc. "In addition, LifeSync'sdisposable LeadWear(R) fits perfectly with our hospitals' infection reductioninitiatives."

LifeSync has developed and commercialized a wireless ECG datacommunication system for use in medical facilities under an exclusive licenseagreement from Motorola Inc. LifeSync has marketed its products in the U.S.for four years and supports them with a direct sales team and clinicalspecialists.

MAGNET, founded in 1999, is a not for profit group purchasing organization(GPO) that specializes in capital equipment, selected commodities and service.It is composed of seven regional group purchasing organizations which, in turnserve participating facilities. Providers who span MAGNET's contractportfolio span the entire continuum of care in twenty states and the Districtof Columbia.

SOURCE LifeSync Corporation
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