CareView Communications, Inc. to Trade on OTC Bulletin Board

LEWISVILLE, Texas--(BUSINESS WIRE)-- CareView Communications, Inc. (“CareView” or the “Company”) (OTCBB: CRVW), an information technology provider to the healthcare industry, announced that its common stock will begin to trade on the OTC Bulletin Board on December 21, 2010 under its current symbol. The Company filed a Registration Statement on Form 10 ("Form 10") on August 23, 2010 with the Securities and Exchange Commission (“SEC”) to become a reporting company. The Form 10 became effective on October 22, 2010 at which time the Company became subject to the requirements of Section 13(a) of the Securities Exchange Act of 1934 requiring it to file annual reports on Form 10K, quarterly reports on Form 10-Q, and current reports on Form 8-K.

“We were eager to become a fully reporting company as we continue to grow our Company, expand our product line and increase our global reach. Like other reporting companies, our new status will allow our shareholders and other interested parties to quickly view our reports that will be filed through EDGAR and posted on the SEC's website. We see this step of becoming a reporting company that trades on the OTC Bulletin Board as the natural progression for any responsible company as it matures and expands its shareholder base,” stated Samuel Greco, CareView’s Chief Executive Officer.

CareView offers its CareView System™ to hospitals and other healthcare facilities. The CareView System™ is a suite of products that brings the information technology of the 21st century directly to patients, families and healthcare providers by connecting them through one easy-to-install and simple-to-use system. This collaboration will allow the hospitals and other healthcare facilities to provide:

  • The ability to implement audit tools to ensure that quality standards are being adhered to, safety measures are being complied with, as both can be used to further educate caregivers to continually enhance quality and safety for their patients.
  • Doctors, nurses and other healthcare providers with the ability to efficiently and cost-effectively monitor, treat and visit their patients.
  • Family members and friends with the ability to use the Internet to monitor, visit, and correspond with their loved ones who are patients.
  • Patients and their visitors with direct access to on-demand high-speed Internet and first run movies in their rooms.

About CareView Communications, Inc.

CareView has created a proprietary high-speed data network system that can be deployed throughout a healthcare facility using the existing cable television infrastructure. This network supports CareView’s Room Control Platform (RCP) and complementary suite of software applications designed to streamline workflow and improve value-added services offered to customers. Real-time bedside monitoring and point-of-care video monitoring and recording improve efficiency while limiting liability, and entertainment packages and education enhance quality of stay. This technology may also act as an interface gateway for other software systems and medical devices moving forward. CareView is dedicated to working with all types of hospitals, nursing homes, adult living centers and selected outpatient care facilities domestically and internationally. Corporate offices are located at 405 State Highway 121 Bypass, Suite B-240, Lewisville, Texas, 75067. Questions may be directed to John R. Bailey, Chief Financial Officer at (972) 943-6050. More information about the Company is available on the Company’s website at www.care-view.com.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy securities of CareView Communications, Inc. Certain statements in this release and other written or oral statements made by or on behalf of the Company are “forward looking statements” within the meaning of the federal securities laws. Statements regarding future events and developments and our future performance, as well as management’s expectations, beliefs, plans, estimates or projections relating to the future are forward-looking statements within the meaning of these laws. The forward-looking statements are subject to a number of risks and uncertainties including market acceptance of the Company’s services and projects and the Company’s continued access to capital and other risks and uncertainties. The actual results the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. These statements are based on our current expectations and speak only as of the date of such statements. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information or otherwise.



CONTACT:

CareView Communications, Inc.
John R. Bailey, Chief Financial Officer, 972-943-6050
www.care-view.com

KEYWORDS:   United States  North America  Texas

INDUSTRY KEYWORDS:   Technology  Data Management  Hardware  Internet  Networks  Software  Audio/Video  Telecommunications  Other Technology  Security  Practice Management  Health  Hospitals  Mobile/Wireless  Other Health  Nursing  General Health  Managed Care

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