Zargis Cardioscan Jointly Named as Finalist in 2010 Edison Best New Product Awards

STAMFORD, Conn., Feb. 17 /PRNewswire-FirstCall/ -- ZARGIS CARDIOSCAN™ software from Zargis Medical, a majority-owned subsidiary of Speedus Corp. (Nasdaq: SPDE), was jointly named a finalist in the 2010 Edison Best New Product Awards on February 11th—the 163rd birthday of renowned inventor Thomas Alva Edison—at a press conference at the legendary Friars Club in New York City. Edison created many of the products and technologies taken for granted today. The announcement was webcast live by The Discovery Channel, a premier cable TV non-fiction network, at http://dsc.discovery.com/edison-awards/, where it is archived and may still be seen. At the Friars Club event, presented by Discovery, the list of Edison Finalists was read by Sarah Miller Caldicott, great grandniece of Thomas Edison, co-author of the book, "Innovate Like Edison," and chair of the Edison Awards steering committee.

The Edison Awards, a peer-review honor similar to the Oscars, is voted on by roughly 2,000 members of the not-for-profit Marketing Executives Networking Group (MENG), America's top executives and academics. The awards symbolize the persistence and excellence personified by Thomas Alva Edison, inspiring America's drive to remain in the forefront of innovation, creativity and ingenuity in the global economy. Thomas Edison created four industries without which modern life cannot function. The four, now among the world's largest, are Electric Power Generation, Recorded Sound, Motion Pictures, and Electric Light Bulbs.

Edison also made crucial contributions to a host of other industries including the Storage Battery, Telecommunications, Cement, Chemicals, and Mining. Edison Awards are judged on Marketplace Innovation, Marketplace Success, Technological Innovation, Market Structure Innovation, Societal Impact, and Design Innovation.

Zargis Cardioscan software shares a finalist nomination in the Electronics and Computers category, one of more than 10 categories honored by the Edison Awards. Cardioscan is a next-generation auscultation device featuring Bluetooth® technology that wirelessly transfers heart, lung and other body sounds to software for further analysis. A digital stethoscope pairs wirelessly with both of Zargis Medical's companion software packages: Zargis Cardioscan software supports physicians in analyzing cardiac sounds for the identification and classification of suspected murmurs, which can be signs of heart disease, while Zargis StethAssist™ software allows clinicians to visualize heart, lung and other body sounds, play recordings at slow speeds to hear more clearly, and save recordings for comparison to future auscultations. The scope and software together mark a breakthrough in computer-aided auscultation that has the potential to reduce unnecessary referrals.

About the Edison Awards

The 2010 Edison Awards are sponsored by TV's Discovery Channel, Google, The Nielsen Company (a leader in market research and intelligence best known for TV's "Nielsen ratings"), and Strategyn, a global leader in innovation management. The Edison Awards are associated with The Thomas Edison Papers at Rutgers University, the State University of New Jersey.

About Zargis Medical Corp.

Zargis is a global medical device company focused on improving health outcomes and cost-effectiveness through diagnostic support software and innovation. Zargis is majority-owned by Speedus Corp. (Nasdaq: SPDE), and both 3M Company and Siemens Corporate Research, a division of Siemens AG (NYSE: SI), hold equity positions.

For additional information about Zargis or Speedus Corp., contact Peter Hodge at 888.773.3669 (ext. 23) or [email protected], or visit the following Web sites: www.zargis.com and www.speedus.com.

SOURCE Speedus Corp.