Roy Jacobs & Associates Announces That a Class Action Lawsuit Was Filed On Behalf...

Roy Jacobs & Associates Announces That a Class Action Lawsuit Was Filed On
Behalf of Purchasers of CardioNet, Inc. Securities -- BEAT

NEW YORK, Aug. 27, 2009 (GLOBE NEWSWIRE) -- Roy Jacobs & Associates announces
that a class action lawsuit has been commenced in the United States District
Court, Eastern District of Pennsylvania, on behalf of purchasers of the common
stock of CardioNet, Inc. ("CardioNet" or the "Company")(Nasdaq:BEAT) for the
period commencing April 30, 2009 and running through June 30, 2009 (the "Class
Period"). CardioNet shares have dropped more than 48% in value.

For further information, please contact Roy L. Jacobs, Esq. toll-free at
1-888-884-4490 or by e-mail to rjacobs@jacobsclasslaw.com.

The complaint charges CardioNet and certain of its officers and directors with
violations of the Securities Exchange Act of 1934. CardioNet is the leading
provider of ambulatory, continuous, real-time outpatient management solutions
for the monitoring of clinical information on an individual's health.

During the Class Period, defendants made positive statements about the Company's
revenues and earnings knowingly or recklessly disregarded that it was currently
experiencing reductions in its reimbursement rates for its MCOT services and
that these reimbursement rates were under review by payors, and a reduction in
rates could result in the Company's current independent business model not being
economically viable. Defendants' financial outlook for 2009, 2010 and 2011 had
no reasonable basis in fact because it was based on the current $1,123.07 rate
for the MCOT system, which rate Defendants knew was under review by payors and
which was likely to be reduced because of, inter alia, the cost-driven
reimbursement environment which was driving down virtually all reimbursement
levels set by commercial providers.

If you purchased CardioNet shares during the period (i) between April 30, 2009
through June 30, 2009, have suffered a loss, or (ii) purchased CardioNet shares
prior to April 30, 2009, and intend to continue to hold your shares, and you are
interested in discussing your rights free of charge, please contact Roy L.
Jacobs. Mr. Jacobs will be glad to personally speak with you. All motions for
Lead Plaintiff must be filed no later than October 26, 2009. You are not
required to have sold your shares to seek damages or to serve as a Lead
Plaintiff.

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CONTACT: Roy Jacobs & Associates
Roy L. Jacobs, Esq.
1-888-884-4490
rjacobs@jacobsclasslaw.com
www.jacobsclasslaw.com