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CIT Reports Second Quarter Results

NEW YORK, July 19 /PRNewswire-FirstCall/ -- CIT Group Inc. (NYSE: CIT - News), a leading global provider of commercial and consumer finance solutions, today reported diluted earnings per share (EPS) of $1.16 for the quarter, up 13.7% from last year (excluding gains on derivative contracts that were subsequently terminated in the fourth quarter of 2005). Diluted earnings per share, including the derivative gains, was $1.16 for the 2005 quarter. Net income was $236.0 million for the 2006 quarter, compared to $249.1 million last year ($219.4 million excluding gains on derivative contracts). For the six months ended June 30, 2006, diluted earnings per share was $2.28, compared to $2.22 last year ($2.01 excluding gains on derivative contracts).

Earnings improved on strong origination volume resulting in broad based asset growth, coupled with increased other revenue and continued low net charge-offs.

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CardioDynamics Reports Preliminary Second Quarter 2006 Results

SAN DIEGO, July 6 /PRNewswire-FirstCall/ -- CardioDynamics , the innovator and leader of BioZ(R) Impedance Cardiography (ICG), today reported its preliminary financial results for its fiscal second quarter 2006. Highlights include a 17% revenue increase over first quarter 2006, the completion of a $5.25 million convertible debt financing and publication of three landmark BioZ(R) clinical trials, CONTROL, ED-IMPACT, and PREDICT.

Preliminary Second Quarter 2006 Results:

Net sales for the second quarter of 2006 were $7.6 million, an increase of 17% over the $6.5 million reported in the first fiscal quarter of 2006, and a decrease of 19% compared to net sales of $9.4 million for the same period last year. ICG revenue for the quarter increased 17% to $4.8 million from $4.1 million in the first quarter of 2006, but decreased 30% from $6.9 million reported in the same period in 2005.

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