Event Cardio Group Inc. closed its acquisition of National Cardiac Monitoring Center (NCMC) in Glenelg, Maryland in a Stock Purchase Agreement worth approximately $5 million in a combination of cash and ECGI common stock. Effective immediately, Richard Owsik, formerly president and CEO of NCMC, will become a consultant to Event Cardio Group and Joseph Hashim, formerly Vice President of NCMC, will become VP Sales and Marketing. Mr. Hashim's responsibilities will include helping prepare NowCardio for commercial launch. EventCardio expects to retain all NCMC staff, consisting of 10 staff members and 19 sales representatives in 15 states. The company plans on expanding its sales force to 25 states by the end of 2016 and all 50 states by the end of 2017. NCMC will continue to operate under the National Cardiac Monitoring Center name and will be the U.S. headquarters for NowCardio and Event Cardio Group.