South Ocean Growth Equity to become a stakeholder in Sanomedics International Holdings

Sanomedics International Holdings, Inc. (Pink Sheets:SIMH) has announced that the company and South Ocean Growth Equity have executed an agreement where South Ocean will become a 10% stakeholder in Sanomedics. Going forward, both firms will be working closely together, exploring domestic and international distribution opportunities for Sanomedics products.

“Our involvement with Sanomedics will not be passive. We will be interacting on a daily basis, and will take advantage of every opportunity for growth.”

South Ocean Growth Equity is a specialty private investment and advisory firm co-founded by John Sculley,(former CEO of Pepsi-Cola Company and former CEO of Apple Computer), and Sean Heyniger (Co-founder of Watermark Medical and former CEO of PDSHeart).

“The team at Sanomedics has made amazing strides over the last 12 months, and we feel the timing is perfect to join forces for rapid expansion,” stated Sean Heyniger, Co-Founder of South Ocean Growth Equity. “Our involvement with Sanomedics will not be passive. We will be interacting on a daily basis, and will take advantage of every opportunity for growth.”

“In our negotiations with South Ocean, we realized what an amazing opportunity this represented to Sanomedics and our shareholder,” added Keith Houlihan, CEO of Sanomedics. “Not only does this provide us an ability to work with and learn from luminaries like John Sculley and Sean Heyniger, but affords Sanomedics access to markets and resources that may have taken us literally years to develop on our own. Our growth pace will now be much more rapid, and together we are ready to take on any challenge.”

Specific terms of the agreement will not be disclosed at the current time, but may be disclosed in-part as required by future regulatory filings. Both companies expect additional media announcements concerning this relationship in the near future.