UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

[x] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED ~~February~~May 2931, ~~2015~~2016

[ ]	TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM _______ TO ________.

COMMISSION FILE NUMBER: 0-52518

EVENT CARDIO GROUP INC.

(Exact Name of Registrant as Specified in its Charter)

Nevada		20 - 8051714
(State or other jurisdiction of		(I.R.S. Employer
incorporation or organization)		Identification No.)

7694 Colony Palm Drive Boynton Beach, Florida		33436
(Address of principal executive offices)		(Zip code)

212-321-0091

(Registrant’s telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [x] No [ ]

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

Yes [ ] No [x]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer [ ]		Accelerated filer [ ]
Non-accelerated filer [ ] (Do not check if a smaller reporting company)		Smaller reporting company [x]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [ ] No [x]

As of ~~February~~July 2911, 2016, ~~119~~ 130,~~455~~395,~~321~~186 shares of Common Stock, $0.001 par value, were outstanding.

EVENT CARDIO GROUP INC.

CONTENTS TO FORM 10-Q

PART I -	FINANCIAL INFORMATION	Page
Item 1.	Financial Statements (Unaudited)	1
	Consolidated Balance Sheets at February 29, 2016 (Unaudited) and August 31, 2015	1
	Consolidated Balance Sheets at May 31, 2016 (Unaudited) and August 31, 2015	1
	Consolidated Statements of Comprehensive Loss for the Six and Three Months Ended February 29, 2016 (Unaudited)	2
	Consolidated Statements of Comprehensive Loss for the Nine and Three Months Ended May 31, 2016 (Unaudited)	2
	Consolidated Statements of Cash Flows for the Six and Three Months Ended February 29, 2016 (Unaudited)	3
	Consolidated Statements of Cash Flows for the Nine and Three Months Ended March 31, 2016 (Unaudited)	3
	Notes to Financial Statements	45
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	1417
Item 3.	Quantitative and Qualitative Disclosures about Market Risk	1821
Item 4.	Controls and Procedures	1921
PART II -	OTHER INFORMATION	2022
Item 1.	Legal Proceedings	2022
Item1A	Risk Factors	2022
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds from Sales of Registered Securities	2022
Item 3.	Defaults Upon Senior Securities	2022
Item 4.	Mine Safety Disclosures	2022
Item 5.	Other Information	2022
Item 6.	Exhibits	2122
Signatures		22
Exhibit/Index

PART I - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

EVENT CARDIO GROUP INC.

CONSOLIDATED BALANCE SHEETS

(Unaudited)

	February 29, 2016			August 31, 2015
	May 31, 2016			August 31, 2015
ASSETS:
Current Assets
Cash	$	2371,~~135~~248		$	32,427
Prepaid expenses		~~425~~387,~~132~~382			568,537
Financing costs, net		~~101,172~~—			105,999
Total Current Assets		~~448~~458,~~267~~630			706,963
Investment in Medpac Asia Pacific Unit Trust		~~202~~206,~~882~~332			—
Prepaid expenses - non-current portion		~~285~~245,~~715~~278			392,516
Property and equipment, net		~~593~~305			1,214
Deposit on equipment purchase		250,000			150,000
TOTAL ASSETS	$	1,168,629		$	1,250,693
Financing Costs, net		88,071			—
TOTAL ASSETS	$	1,248,616		$	1,250,693
LIABILITIES AND STOCKHOLDERS' DEFICIT:
Current Liabilities
Accounts payable	$	~~395~~425,~~602~~658		$	598,835
Due to related parties		4041,~~827~~708			55,864
Notes payable - related parties		—			549,502
Total Current Liabilities		~~436~~467,~~429~~366			1,204,201
Convertible Notes Payable - Related Parties		1,~~235~~258,~~123~~053			525,000
TOTAL LIABILITIES		1,~~671~~725,~~552~~419			1,729,201
Stockholders' Deficit
Preferred stock, $0.001 par value; 10,000,000 shares authorized; 10,000,000 shares issued and outstanding		10,000			10,000
Preferred stock, $0.001 par value; 10,000,000 shares authorized; nil shares issued and outstanding at May 31, 2016 and 10,000,000 issued and outstanding at August 31, 2015		—			10,000
Common stock,190,000,000 shares authorized at $0.001 par value, 119,455,321 shares issued and outstanding at February 29, 2016 and 109,460,321 issued and outstanding at August 31, 2015		119,455			109,460
Common stock, 300,000,000 shares authorized at $0.001 par value, 135,895,856 shares issued and outstanding at May 31, 2016 and 109,460,321 issued and outstanding at August 31, 2015		135,894			109,460
Additional paid in capital		24,~~984~~272,~~387~~653			2,110,237
Equity instruments to be issued		~~295~~56,~~144~~451			168,950
Accumulated other comprehensive income		475,219			103,432
Subscriptions receivable		(324,427	)		—
Accumulated deficit		(4,267,128	)		(2,980,587	)
Accumulated other comprehensive income		336,600			103,432
TOTAL STOCKHOLDERS' DEFICIT		(502,923	)		(478,508	)
Accumulated deficit		(4,953,974	)		(2,980,587	)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$	1,168,629		$	1,250,693
TOTAL STOCKHOLDERS' DEFICIT		(476,803	)		(478,508	)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$	1,248,616		$	1,250,693

Table of Contents

EVENT CARDIO GROUP INC.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS

FOR THE ~~SIX~~NINE MONTHS ENDED ~~FEBRUARY~~MAY 2931, 2016 and ~~FEBRUARY~~MAY 2831, 2015

(Unaudited)

	Three Months Ended February 29,						Six Months Ended February 29,
	Three Months Ended May 31,						Nine Months Ended May 31,
	2016			2015			2016			2015
Revenue	$	—		$	—		$	—		$	—
Operating Expenses
General and administrative		~~368~~276,~~020~~465			~~190~~378,~~832~~001			~~755~~1,~~553~~032,018			~~303~~681,~~471~~473
Research and development - related party		284,176			3,416			284,176			138,229
Research and development -related party		356,156			185,549			640,332			323,778
Research and development - other		23,900			66,870			104,110			76,870
Research and development -other		11,969			56,111			116,079			132,981
Total Operating Expenses		~~646~~644,~~096~~590			~~261~~619,~~118~~661			1,~~143~~788,~~839~~429			~~518~~1,~~570~~138,232
Loss from Operations		(~~646~~644,~~096~~590	)		(~~261~~619,~~118~~661	)		(1,~~143~~788,~~839~~429	)		(~~518~~1,~~570~~138,232	)
Other Expenses
Interest expense - related parties		1629,~~922~~069			2015,~~480~~749			3368,~~912~~019			4055,~~070~~818
Interest expense - other		~~7,618~~—			—3,500			1813,~~118~~080			—3,500
Amortization - loan costs		5613,~~090~~187			89,~~707~~443			90103,~~672~~859			1726,~~414~~857
Loss before Income Taxes		(756,726	)		(290,305	)		(1,286,541	)		(576,054	)
Loss before Income Tax Credit		(686,846	)		(648,353	)		(1,973,387	)		(1,224,407	)
Provision for Income Taxes		—			—			—			—
Net Loss	$	(686,846	)	$	(648,353	)	$	(1,973,387	)	$	(1,224,407	)
Net Loss	$	(756,726	)	$	(290,305	)		(1,286,541	)		(576,054	)
Other Comprehensive Income
Foreign currency translation adjustment		~~313~~(138,~~303~~619	)		92(13,~~677~~694	)		~~371~~233,~~787~~168			7662,~~521~~827
Comprehensive Loss	$	(~~443~~825,~~423~~465	)	$	(~~197~~662,~~628~~047	)	$	(~~914~~1,~~754~~740,219	)	$	(~~499~~1,~~533~~161,580	)
Loss per Share:
Loss per Common Share:
Basic and Diluted loss per share	$	(0.006	)	$	(0.003	)	$	(0.01	)	$	(0.006	)
Basic and Diluted loss per Common Share	$	(0.005	)	$	(0.007	)	$	(0.016	)	$	(0.013	)
Weighted Average Number of Shares Outstanding
Weighted Average Number of Common Shares Outstanding
Basic and Diluted		~~119~~134,~~328~~259,~~947~~353			9098,~~301~~720,~~774~~647			~~116~~122,~~556~~500,~~366~~433			8892,~~683~~065,~~381~~904

Table of Contents

EVENT CARDIO GROUP INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

~~FOR~~ THE ~~SIX~~NINE MONTHS ENDED ~~FEBRUARY~~MAY 2931, 2016 and ~~FEBRUARY~~MAY 2831, 2015

(Unaudited)

	Six Months Ended
		2016			2015
	February 29, 2016			February 28, 2015
Cash Flows from Operating Activities
Net loss	$	(1,~~286~~973,~~541~~387	)	$	(~~576~~1,~~054~~224,407	)
Adjustments to reconcile net loss to net cash used in operations:
Amortization of prepaid expenses		~~606~~729,~~663~~379			32212,~~250~~579
Equity instruments to be issued cancelled re financing costs		(85,950	)		—
Warrants issued for research and development - related party		78,996			—
Depreciation of property and equipment		~~594~~904			~~699~~1,016
Amortization of financing costs		90103,~~672~~859			1522,~~134~~741
Income from investment in Medpac Asia Pacific Unit Trust		(2,882	)		—
Stock based compensation		34,746			113,125
Income from investment in Medpac Asia Pacific Unit Trust		(6,332	)		—
Changes in assets and liabilities:
Prepaid expenses		(3331,~~555~~083	)		(~~112~~141,~~500~~099	)
Accounts payable		(~~108~~78,~~130~~074	)		~~176~~217,~~303~~925
Net cash used in operating activities		(~~740~~1,~~133~~140,992	)		(~~464~~798,~~168~~120	)
Cash Flows from Investing Activities
Deposit on equipment purchase		(100,000	)		—
Purchase of property and equipment		—			(150,000	)
Net cash used in investing activities		(100,000	)		(150,000	)
Cash Flows from Financing Activities
Repayments of due to related parties		(14,~~121~~577	)		—(27,566	)
Advances from related parties		—			1114,~~798~~434
Proceeds from notes payable - related parties		5376,~~956~~886			195,~~163~~822
Proceeds from issuance of common shares		180,000			197,000
Proceeds from convertible notes payable		—			500,000
Proceeds received on equity instruments to be issued		255,144			—
Proceeds from issuance of common shares		982,581			197,000
Net cash provided by financing activities		474,979			403,961
Proceeds received for equity instruments to be issued		16,451			—
Effect of exchange rate on cash		355,862			25,974
Net cash provided by financing activities		1,061,341			879,690
Decrease in Cash		(9,292	)		(34,233	)
Effect of exchange rate on cash		218,472			16,430
Increase (Decrease) in Cash		38,821			(52,000	)
Cash, beginning of period		32,427			86,617
Cash, end of period	$	2371,~~135~~248		$	5234,~~384~~617
Non-Cash Supplemental Cash Flow Information:
Issuance of common shares and common share purchase warrants for services recorded as prepaid expenses	$	340,902		$	—
Issuance of common shares for investment in Medpac Asia Pacific Unit Trust	$	200,000		$	—
Issuance of convertible note payable - related party for notes payable - related parties, accrued interest and financing costs	$	671,351		$	—
Issuance of common share purchase warrants for financing costs	$	59,247		$	—

Table of Contents

EVENT CARDIO GROUP INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (Continued) FOR THE NINE MONTHS ENDED MAY 31, 2016 and MAY 31, 2015 (Unaudited)
	2016		2015
Non-Cash Supplemental Cash Flow Information:
Issuance of common shares and common share purchase warrants for services recorded as prepaid expenses	$	367,552	$	—
Issuance of common shares for investment in Medpac Asia Pacific Unit Trust	$	200,000	$	—
Issuance of convertible note payable - related party for notes payable - related parties, accrued interest and financing costs	$	671,351	$	—
Issuance of common share purchase warrants for financing costs	$	59,247	$	—

Table of Contents

EVENT CARDIO GROUP INC.

NOTES TO FINANCIAL STATEMENTS

~~February~~May 2931, 2016 and August 31, 2015 ~~(Unaudited)~~

1. OVERVIEW

Description of Business

Event Cardio Group Inc. ("the Company") was incorporated under the name Sunrise Holdings Limited on October 26, 2005 under the laws of Nevada and changed its name to Event Cardio Group Inc. on November 7, 2014. The Company is developing a cardiac monitoring device based on a wireless and leadless advanced cardiac monitor. Upon completion of the development the device will collect medical data and transmit it to physicians for diagnostic evaluation. The Company also has a license agreement to distribute a patented product in the use of breast disease detection.

On September 8, 2014, the Company entered ~~into~~ into a share exchange agreement with ~~2340960~~Event ~~Ontario~~Cardio Canada Inc.'s (formerly known as 2340960 Ontario Inc.) shareholders whereby the Company acquired all of the issued and outstanding common shares of Event Cardio Canada Inc. (formerly known as 2340960 Ontario Inc. ) in exchange for 79,500,000 common shares of the Company. Upon completion of this transaction, the shareholders of Event Cardio Canada Inc. (formerly known as 2340960 Ontario Inc.) held approximately 93.6% of voting control of the Company. This transaction, has been accounted for as a reverse merger with Event Cardio Canada Inc. (formerly known as 2340960 Ontario Inc.) being the accounting acquirer and the Company being the acquiree. In connection with this transaction, the Company changed its fiscal year end from September 30th to August 31st.

Going Concern

The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. The Company has not generated any revenue since inception, has incurred losses, and has an accumulated deficit of $4,~~267~~953,~~128~~974 as of ~~February~~May 2931, 2016. These factors among others raise substantial doubt about the ability of the Company to continue as a going concern.

The continuation of the Company as a going concern is dependent upon financial support from its stockholders, the ability of the Company to obtain necessary equity financing to continue operations, successfully locating and negotiating with other business entities for potential acquisitions and/or acquiring new clients to generate revenues. There is no assurance that the Company will ever be profitable. These financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result should the Company be unable to continue as a going concern.

Basis of Presentation

These financial statements include the accounts of the Company and its wholly owned subsidiaries Event Cardio Canada Inc. (formerly known as 2340960 Ontario Inc.) and EFIL Sub of ECG Inc. All inter-company accounts and transactions have been eliminated.

~~The~~Table ~~unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States~~ of ~~America~~Contents for interim financial statements and with the instructions to Form 10-Q and Article 10 of Regulation S-X of the United States Securities and Exchange Commission (“SEC”). Accordingly, they do not contain all information and footnotes required by accounting principles generally accepted in the United States of America for annual financial statements. In the opinion of the Company’s management, the accompanying unaudited consolidated financial statements contain all the adjustments necessary (consisting only of normal recurring accruals) to present the financial position of the Company as of February 29, 2016 and the results of operations and cash flows for the periods presented. The results of operations for the three months and six months ended February 29, 2016 are not necessarily indicative of the operating results for the full fiscal year or any future period. These consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes thereto included in the form 10-K filed with the SEC on December 14, 2015.5

Table of Contents 4

EVENT CARDIO GROUP INC.

NOTES TO FINANCIAL STATEMENTS

~~February~~May 2931, 2016 and August 31, 2015

1. OVERVIEW (~~Unaudited~~Continued)

1.Basis ~~OVERVIEW~~of Presentation (~~continued~~Continued)

The unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial statements and with the instructions to Form 10-Q and Article 10 of Regulation S-X of the United States Securities and Exchange Commission (“SEC”). Accordingly, they do not contain all information and footnotes required by accounting principles generally accepted in the United States of America for annual financial statements. In the opinion of the Company’s management, the accompanying unaudited consolidated financial statements contain all the adjustments necessary (consisting only of normal recurring accruals) to present the financial position of the Company as of May 31, 2016 and the results of operations and cash flows for the periods presented. The results of operations for the three months and nine months ended May 31, 2016 are not necessarily indicative of the operating results for the full fiscal year or any future period. These consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes thereto included in the form 10-K filed with the SEC on December 14, 2015.

The Company has elected to adopt early application of Accounting Standards Update No. 2014-10, Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements and does not present or disclose inception-to-date information and other remaining disclosure requirements of Topic 915.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Use of Estimates

In preparing these financial statements in conformity with GAAP, management is required to make estimates and assumptions that may affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amount of revenues and expenses during the reporting years. Actual results could differ from those estimates.

Fair Value Measurements

ASC 820, “Fair Value Measurements”, requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 prioritizes the inputs into three levels that may be used to measure fair value: Level 1, defined as observable inputs such as quoted prices in active markets for identical assets or liabilities; Level 2, inputs other than level one that are either directly or indirectly observable such as quoted prices for identical or similar assets or liabilities on markets that are not active; and Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. The Company had no assets or liabilities required to be recorded at fair value on a recurring basis as of ~~February~~May 2931, 2016 or August 31, 2015.

Table of Contents

EVENT CARDIO GROUP INC.

NOTES TO FINANCIAL STATEMENTS

May 31, 2016 and August 31, 2015

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Fair Value Measurements (Continued)

The estimated fair value of certain financial instruments, including cash and cash equivalents, and accounts payable are carried at historical cost basis, which approximates their fair values because of the short-term nature of these instruments. The carrying amounts of our short and long term credit obligations approximate fair value because the effective yields on these obligations, which include contractual interest rates taken together with other features are comparable to rates of returns for instruments of similar credit risk.

Share Based Compensation

The Company applies ASC 718 Share-Based ~~Compensation~~ Compensation and ASC 505 Equity to account for service provider share-based payments. In accordance with ASC 718 and ASC 505, the Company determines whether a share based payment should be classified and accounted for as a liability award or equity award. All grants of share-based payments to service providers are classified as equity awards and are recognized in the financial statements over the period in which the services are received based on the fair value determined as of the measurement date. Included in prepaid expenses on the accompanying balance sheet at ~~February~~May 2931, 2016 and August 31, 2015 is the unamortized portion of share based payments for services to be rendered of $~~612~~553,~~227~~396 and $791,962 respectively.

Concentration of Credit Risk

Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash and cash equivalents. The Company places its cash with high quality banking institutions.

Table of Contents 5

EVENT CARDIO GROUP INC.

NOTES TO FINANCIAL STATEMENTS

February 29, 2016 and August 31, 2015

(Unaudited)

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Income Taxes

Under ASC 740, "Income Taxes", deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Valuation allowances are established when it is more likely than not that some or all of the deferred tax assets will not be realized.

In assessing the realization of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. Based on the assessment, the Company has established a full valuation allowance against all of the deferred tax assets for every period because it is more likely than not that all of the deferred tax assets will not be realized.

The Company files income tax returns in Canada and the United States with varying statutes of limitations. The Company's policy is to recognize interest expense and penalties related to income tax matters as a component of our provision for income taxes.

Table of Contents

EVENT CARDIO GROUP INC.

NOTES TO FINANCIAL STATEMENTS

May 31, 2016 and August 31, 2015

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Foreign Currency Translation

The Company's reporting and functional currency is the U.S. dollar. The Company's Canadian operation's functional currency is the Canadian dollar. The Company's U.S. subsidiary's functional currency is the U.S. dollar.

Transactions originating in Canadian dollars are translated to the functional currency of the US dollar as follows: using period end rates of exchange for assets and liabilities, average rates of exchange for the period of transactions for revenues and expenses and historical rates for equity.

The financial statements of the Company's Canadian operations are translated from the functional currency of the Canadian dollar into the reporting currency of the United States dollar in accordance with ASC 830, Foreign Currency Matters, using period end rates of exchange for assets and liabilities, average rates of exchange for the period for revenues and expenses and historical rates for equity.

Translation adjustments resulting from the process of translating the functional currency of Canadian dollar Canadian operation's financial statements into the reporting currency of U.S. dollar financial statements are included in determining comprehensive income. As of ~~February~~May 2931, 2016 and August 31, 2015, the cumulative translation adjustment of $~~475~~336,~~219~~600 and $103,432 respectively was classified as accumulated other comprehensive income in the stockholders' deficit section of the balance sheet. For the periods ended ~~February~~May 2931, 2016 and ~~February~~May 2831, 2015, the foreign currency translation adjustment to accumulated other comprehensive income was $~~371~~233,~~787~~168 and $9262,~~677~~827 respectively.

Table of Contents 6

EVENT CARDIO GROUP INC.

NOTES TO FINANCIAL STATEMENTS

February 29, 2016 and August 31, 2015

(Unaudited)

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Comprehensive Loss

Comprehensive loss is defined to include all changes in equity except those resulting from investments by owners and distributions to owners. Among other disclosures, Accounting Standards Codification (ASC) 200, Comprehensive Income, requires that all items that are required to be recognized under current accounting standards as components of comprehensive income be reported in a financial statement that is displayed with the same prominence as other financial statements. For the year presented, the Company's comprehensive loss includes net loss and foreign currency translation adjustments and is presented in the statement of comprehensive loss.

Investments in non-consolidated subsidiaries

Investments in non-consolidated entities are accounted for using the equity method or cost basis depending upon the level of ownership and/or the Company's ability to exercise significant influence over the operating and financial policies of the investee. When the equity method is used, investments are recorded at original cost and adjusted periodically to recognize the Company's proportionate share of the investees' net income or losses after the date of investment. When net losses from an investment accounted for under the equity method exceed its carrying amount, the investment balance is reduced to zero and additional losses are not provided for. The Company resumes accounting for the investment under the equity method if the entity subsequently reports net income and the Company's share of that net income exceeds the share of net losses not recognized during the period the equity method was suspended. Investments are written down only when there is clear evidence that a decline in value that is other than temporary has occurred.

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EVENT CARDIO GROUP INC.

NOTES TO FINANCIAL STATEMENTS

May 31, 2016 and August 31, 2015

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Research and Development Expenses

All research and development costs are expensed as incurred.

Convertible Instruments

The Company evaluates and accounts for conversion options embedded in convertible instruments in accordance with ASC 815 “Derivatives and Hedging Activities”. Applicable GAAP requires companies to bifurcate conversion options from their host instruments and account for them as free standing derivative financial instruments according to certain criteria. The criteria include circumstances in which (a) the economic characteristics and risks of the embedded derivative instrument are not clearly and closely related to the economic characteristics and risks of the host contract, (b) the hybrid instrument that embodies both the embedded derivative instrument and the host contract is not re-measured at fair value under other GAAP with changes in fair value reported in earnings as they occur and (c) a separate instrument with the same terms as the embedded derivative instrument would be considered a derivative instrument.

~~Table~~ The Company accounts for convertible instruments (when we have determined that the embedded conversion options should not be bifurcated from their host instruments) as follows: To record when necessary, discounts to convertible notes for the intrinsic value of ~~Contents~~conversion 7options embedded in debt instruments based upon the differences between the fair value of the underlying common stock at the commitment date of the noted transaction and the effective conversion price embedded in the note. Debt discounts under these arrangements are amortized over the term of the related debt to their stated date of redemption.

3. INVESTMENT IN MEDPAC ASIA PACIFIC UNIT TRUST

The Company, in exchange for 4,000,000 common shares, valued at $200,000, acquired, on December 16, 2015, 200,000 trust units of Medpac Asia Pacific Unit Trust ("the entity") representing approximately 32.86% of the entity's voting units and thus has significant influence over the entity. As such, it is accounted for using the equity method. The company's proportionate share of the entity's income is adjusted for any inter-entity transactions between the company and the entity, which in this case would be interest on the convertible note payable described in Note 5.

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EVENT CARDIO GROUP INC.

NOTES TO FINANCIAL STATEMENTS

~~February~~May 2931, 2016 and August 31, 2015

(Unaudited)

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

The Company accounts for convertible instruments (when we have determined that the embedded conversion options should not be bifurcated from their host instruments) as follows: To record when necessary, discounts to convertible notes for the intrinsic value of conversion options embedded in debt instruments based upon the differences between the fair value of the underlying common stock at the commitment date of the note transaction and the effective conversion price embedded in the note. Debt discounts under these arrangements are amortized over the term of the related debt to their stated date of redemption.

New Accounting Pronouncements

In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (ASU 2014-09), which supersedes nearly all existing revenue recognition guidance under U.S. generally accepted accounting principles (GAAP). The core principle of ASU 2014-09 is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Additionally, the guidance requires improved disclosures to help users of financial statements better understand the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. In August 2015, the FASB issued ASU 2015-14 Revenue from Contracts with Customers Deferral of the Effective Date, which defers the effective date of the new revenue recognition standard by one year, as a result, public entities would apply the new revenue standard to annual reporting periods beginning after December 15, 2017 and interim periods therein, which is the Company's first quarter of fiscal 2019. Early adoption is permitted for all entities only as of annual reporting periods beginning after December 15, 2016, including interim reporting periods within that reporting period. The guidance allows for the amendment to be applied either retrospectively to each prior reporting period presented or retrospectively as a cumulative-effect adjustment as of the date of adoption. The Company is in the process of evaluating the impact of adoption on its consolidated financial statements.

In February 2015, the FASB issued ASU 2015-02, Amendments to the Consolidation Analysis (ASU 2015-02). ASU 2015-02 affects reporting entities that are required to evaluate whether they should consolidate certain legal entities. ASU 2015-02 modifies the evaluation of whether limited partnerships and similar legal entities are variable interest entities (VIEs) or voting interest entities, eliminates the presumption that a general partner should consolidate a limited partnership and affects the consolidation analysis of reporting entities that are involved with VIEs, particularly those that have fee arrangements and related party relationships. ASU 2015-02 is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted. A reporting entity may apply the amendments in this guidance using a modified retrospective approach by recording a cumulative-effect adjustment to equity as of the beginning of the fiscal year of adoption. A reporting entity also may apply the amendments retrospectively. The adoption of ASU 2015-02 in the first quarter of fiscal 2017 is not expected to have a material impact on the Company’s financial condition or results of operations.

In June 2014, the FASB issued ASU 2014-12, Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period (ASU 2014-12), which requires that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. ASU 2014-12 is effective for annual periods and interim periods within those annual periods beginning after December 15, 2015. Early adoption is permitted. The adoption of ASU 2014-12 in the first quarter of fiscal 2017 is not expected to have a material impact on the Company's financial condition or results of operations.

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EVENT CARDIO GROUP INC.

NOTES TO FINANCIAL STATEMENTS

February 29, 2016 and August 31, 2015

(Unaudited)

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

In August 2014, the FASB issued Accounting Standards Update 2014–15 (“ASU 2014-15), “Presentation of Financial Statements – Going Concern (Subtopic 205 – 40): Disclosure of Uncertainties About an Entity’s Ability to Continue as a Going Concern.” ASU 2014-15 requires management to evaluate whether there are conditions or events that raise substantial doubt about the entity’s ability to continue as a going concern, and to provide certain disclosures when it is probable that the entity will be unable to meet its obligations as they become due within one year after the date that the financial statements are issued. Since this guidance is primarily around certain disclosures to the financial statements, we anticipate no impact on our financial position or results of operations from adopting this standard. We are currently assessing the additional disclosure requirements, if any, of ASU 2014-15. ASU 2014-15 is effective for the annual period ended December 31, 2016 and for annual periods and interim periods thereafter with early adoption permitted.

3. INVESTMENT IN MEDPAC ASIA PACIFIC UNIT TRUST

The Company, in exchange for 4,000,000 common shares, valued at $200,000, acquired, on December 16, 2015, 200,000 trust units of Medpac Asia Pacific Unit Trust representing approximately 32.86% of the entity's voting units and thus has significant influence over the entity. As such, it is accounted for using the equity method. The company's proportionate share of the entity's income is adjusted for any inter-entity transactions between the company and the entity, which in this case would be interest on the convertible note payable described in Note 5.

4. DUE TO RELATED PARTIES

The amounts due to related parties are non-interest bearing, with no fixed terms of repayment, are payable on demand and are unsecured. As of ~~February~~May 2931, 2016 and August 31, 2015, the amounts of due to related parties are $4041,~~827~~708 and $55,864 respectively.

5. CONVERTIBLE NOTES PAYABLE - RELATED PARTIES

The company offered, pursuant to a Regulation S Subscription Agreement and Investment Representation dated February 3, 2015, up to $2,000,000 of 8% convertible notes with interest payable annually on January 31st. The holder upon written notice to the company may elect to have accrued but unpaid interest added to the principal amount of the note in lieu of payment of interest. The principal amount of the note is payable on January 31, 2018. The note, or any part thereof and any unpaid interest is convertible into common shares of the company at any time at the option of the holder at a conversion price of $0.15 per common share. The note may be prepaid at any time in full by the company upon ten days notice to the holder. As at ~~February~~May 2931, 2016, $525,000 of the convertible notes payable have been issued as follows.

Medpac Asia Pacific Unit Trust ("Medpac") for $500,000. In addition to the terms of the convertible note payable described above, if the note is prepaid by the company at any time prior to the maturity date, if the volume weighted average price of the common shares of the company for the ten trading days preceding the early repayment date is less than $0.15 per common share, then Medpac shall receive a number of common share purchase warrants sufficient to purchase up to 1% of the then outstanding number of common shares of the Company. Such common share purchase warrants once issued would be exercisable for a period of three years at an exercise price of $0.15 per common share, but may be exercised on a cashless basis in accordance with a specified formula.

Medpac also received, for its services as part of the transaction noted above, a convertible note payable of $25,000 having terms and conditions identical to Medpac's other convertible note payable described above, except that the number of common share purchase warrants potentially issuable upon early payment of the note would be sufficient to only purchase up to 0.0005% of the then outstanding common shares of the company.

~~Table~~At the time of ~~Contents~~Medpac's 9investment noted above, the Company agreed to enter into an exclusive Distribution Agreement with Medpac for the Company's BreastCare DTS™ and Now Cardio devices in Australia, New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Vietnam, Laos, Cambodia, Myanmar and Bangladesh. The Distribution Agreement will have an initial term of five years and can be renewed for an additional five years provided that agreed upon sales targets are met. If the company does not establish a manufacturing facility for its BreastCare DTS™ device in Southeast Asia within eighteen months of this agreement, Medpac and the company will form a joint venture to establish such a facility in the Philippines.

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EVENT CARDIO GROUP INC.

NOTES TO FINANCIAL STATEMENTS

~~February~~May 2931, 2016 and August 31, 2015

5. CONVERTIBLE NOTES PAYABLE - RELATED PARTIES (~~Unaudited~~Continued)

5As at May 31, 2016 and August 31, 2015, the Company has a convertible promissory note outstanding to 2399371 Ontario Inc., ~~CONVERTIBLE~~a ~~NOTES~~company owned by an affiliate, for $960,300 ~~PAYABLE~~Canadian -($733,053 ~~RELATED~~US$) ~~PARTIES~~and $nil Canadian (~~continued~~$nil US$), respectively. The note bears interest at 12% per annum with principal and interest both payable on the maturity date of January 31, 2018. The principal amount of the note together with any accrued interest is convertible into shares of the common stock of the Company at a conversion price of $0.0873 Canadian. The note is secured by the common shares of Event Cardio Canada Inc. (formerly 2340960 Ontario Inc.) and a lien on all of the company's assets.

AtThis ~~the~~note ~~time~~was ofissued ~~Medpac's~~on ~~investment~~February ~~noted~~10, ~~above~~2016, in satisfaction of the ~~Company~~following ~~agreed~~other notes payable - related parties, accrued interest and financing fees: a promissory note to ~~enter~~2399371 ~~into~~Ontario anInc., ~~exclusive~~a ~~Distribution~~company ~~Agreement~~owned ~~with~~by ~~Medpac~~an affiliate, for ~~the~~$583,000 ~~Company's~~Canadian ~~BreastCare~~($419,424 ~~DTS™ and~~US$) ~~Now~~plus ~~Cardio~~accrued ~~devices~~interest inon ~~Australia,~~such ~~New~~note of ~~Zealand~~$110,770 ~~Singapore~~Canadian ($79,691 ~~Thailand~~US$); a promissory note to 2399371 Ontario Inc., ~~Malaysia~~a company owned by an affiliate, ~~Indonesia~~for $64,500 ~~Philippines~~Canadian ($48,496 ~~Vietnam~~US$) plus accrued interest on such note of $4,515 ~~Laos~~Canadian ($3,339 ~~Cambodia~~US$); a promissory note to 2399371 Ontario Inc., a ~~Myanmar~~company ~~and~~owned ~~Bangladesh.~~by ~~The~~an ~~Distribution~~affiliate, ~~Agreement~~for ~~will~~$91,499 ~~have~~Canadian an($65,827 ~~initial~~US$), ~~term~~which was issued December 18, 2015 in satisfaction of ~~five~~a ~~years~~promissory note ~~and~~to ~~can~~9058583 beCanada ~~renewed~~Inc., ~~for~~a company owned by an ~~additional five~~affiliate, ~~years~~plus ~~provided~~accrued ~~that~~interest ~~agreed~~on ~~upon~~such ~~sales~~note ~~targets~~of ~~are~~$2,346 ~~met.~~Canadian If($1,735 ~~the~~US$); a ~~company~~promissory ~~does~~note ~~not~~to ~~establish~~2399371 Ontario Inc., a ~~manufacturing~~company ~~facility~~owned by an affiliate, for ~~its~~$75,000 Canadian issued December 18, 2015 ($54,030 ~~BreastCare~~US$) ~~DTS™~~plus ~~device~~accrued ininterest ~~Southeast~~on ~~Asia~~such ~~within~~note ~~eighteen~~of ~~months~~$1,923 Canadian ($1,422 US$); plus financing fees of ~~this~~$26,746 ~~agreement~~Canadian ($19,242 ~~Medpac~~US$). Commitments to issue 600,000 common shares valued at $43,200 and ~~the~~600,000 ~~company~~common ~~will~~share ~~form a~~purchase ~~joint~~warrants ~~venture~~valued at $42,750 related to ~~establish~~the ~~such~~above aextinguished ~~facility~~notes inpayable ~~the~~- ~~Philippines~~related parties have been cancelled.

AsAccrued atinterest ~~February~~on ~~29, 2016 and August 31, 2015, the Company has a~~ convertible ~~promissory~~notes ~~note~~payable ~~outstanding~~- torelated ~~2399371~~parties ~~Ontario~~as ~~Inc.,~~at aMay ~~company~~31, ~~owned~~2016 byand anAugust ~~affiliate~~31, ~~for~~2015 ~~$960,300~~was ~~Canadian (~~$~~710~~67,~~123~~492 ~~US$)~~ and $~~nil Canadian ($nil US$)~~14,000 respectively. ~~The note bears interest at 12% per annum with principal~~ and ~~interest both payable on the maturity date of January 31, 2018. The principal amount of the note together with any accrued interest~~ is ~~convertible~~included ~~into~~in ~~shares of the common~~accounts ~~stock of the Company at a conversion price of $0~~payable.~~0873 Canadian. The note is secured by the common shares of 2340960 Ontario Inc. and a lien on all of the company's assets.~~

This note was issued on February 10, 2016, in satisfaction of the following other notes payable - related parties, accrued interest and financing fees: a promissory note to 2399371 Ontario Inc., a company owned by an affiliate, for $583,000 Canadian ($419,424 US$) plus accrued interest on such note of $110,770 Canadian ($79,691 US$); a promissory note to 2399371 Ontario Inc., a company owned by an affiliate, for $64,500 Canadian ($48,496 US$) plus accrued interest on such note of $4,515 Canadian ($3,339 US$); a promissory note to 2399371 Ontario Inc., a company owned by an affiliate, for $91,499 Canadian ($65,827 US$), which was issued December 18, 2015 in satisfaction of a promissory note to 9058583 Canada Inc., a company owned by an affiliate, plus accrued interest on such note of $2,346 Canadian ($1,735 US$); a promissory note to 2399371 Ontario Inc., a company owned by an affiliate, for $75,000 Canadian issued December 18, 2015 ($54,030 US$) plus accrued interest on such note of $1,923 Canadian ($1,422 US$); plus financing fees of $26,746 Canadian (19,242 US$). Commitments to issue 600,000 common shares valued at $43,200 and 600,000 common share purchase warrants valued at $42,750 related to the above extinguished notes payable - related parties have been cancelled.

Accrued interest on convertible notes payable - related parties as at February 29, 2016 and August 31, 2015 was $35,000 and $14,000 respectively and is included in accounts payable.

6. STOCKHOLDERS' DEFICIT

Common Shares and Common Share Purchase Warrant Issuance

On September 28, 2015, the Company issued 4,100,000 common shares for proceeds of $205,000. In conjunction with this common share offering the company also issued 520,000 common shares in respect of finders fees.

On September 28, 2015, the Company issued 1,250,000 common shares in exchange for a service agreement for a fair value of $137,500.

On November 3, 2015, the Company issued 750,000 common shares in exchange for a service agreement for a fair value of $75,000.

On November 3, 2015, the Company issued 125,000 common shares in exchange for a service agreement for a fair value of $12,500.

On January 16, 2016, the Company issued 4,000,000 common shares in exchange for the investment in Medpac Asia Pacific Unit Trust for a fair value of $200,000.

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EVENT CARDIO GROUP INC.

NOTES TO FINANCIAL STATEMENTS

February 29, 2016 and August 31, 2015

(Unaudited)

6. STOCKHOLDERS' DEFICIT(continued)

On February 8, 2016, the Company cancelled 750,000 common shares with a par value of $750 and additional paid in capital amount of $16,280, that were issued on September 28, 2015 due to default under the service agreement.

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EVENT CARDIO GROUP INC.

Notes to Financial Statements

May 31, 2016 and August 31, 2015

6. STOCKHOLDERS' DEFICIT (Continued)

Common Shares and Common Share Purchase Warrant Issuance (Continued)

On March 8, 2016, the Company issued 16,901,400 common shares in exchange for proceeds of $1,127,009.

On March 24, 2016, the Company cancelled 1,412,619 common shares and 10,000,000 preferred shares owned the company's subsidiary Event Cardio Canada Inc. (formerly known as 2340960 Ontario Inc.) with a par value of $1,413 and $10,000 both added to additional paid up capital for a total of $11,413.

On April 6, 2016, the Company issued 250,000 common shares in exchange for a service agreement for a fair value of $7,000.

On April 26, 2016, the Company issued 701,754 common shares in satisfaction of an obligation related to a license agreement as described in Note 8.

Common Share Purchase Warrants

On February 12, 2016, the Company issued 13,750,000 common share purchase warrants for research and development, compensation and consulting services with a fair value of $271,176.

As of ~~February~~May 2931, 2016 there are 2030,050,000 ~~common~~ common share purchase warrants issued and outstanding. 2,200,000 common share purchase warrants allow the holder to purchase 1 ~~common~~ common share of the company at an exercise price of $0.10 per warrant up to the expiration date of August 27, 2019. 4,100,000 ~~common~~ common share purchase warrants allow the holder to purchase 1 common share of the company at an exercise price of $0.10 per warrant up up to the expiration date of September 28, 2019. 2,000,000 common share purchase warrants allow the holder to purchase 1 share of of the company at an exercise price of $0.03 per warrant up to the expiration date of February 28, 2019. 11,750,000 common share purchase warrants allow the holder to purchase 1 share of the company at an exercise price of $0.01 per warrant up to the expiration date of February 28, 2019. 10,000,000 common share purchase warrants allow the holder to purchase 1 share of the company at an excise price of $0.15 per warrant up to the expiration date of February 28, 2019.

Equity Instruments to be Issued

The company has received $56,451 related to subscriptions for 1,050,000 common shares to be issued in the future.

~~The~~Table ~~company~~of ~~has~~Contents ~~received $335,000 Canadian ($238,693 US) related to subscriptions on the commitment to issue common shares and common share purchase warrants noted below.~~12

Commitment to Issue Common Shares and Common Share Purchase Warrants

On February 17, 2016, the company entered into subscription agreements with ten individuals for an aggregate proceeds of $1,500,000 Canadian ($1,082,251 US) to issue an aggregate of 16,901,400 common shares and 10,000,000 common share purchase warrants, exerciseable at $0.15 per common share up to February 28, 2019. It is anticipated that issuances under the subscription agreements will be as follows:

Date	Amount (Cdn $)		Number of Common Shares to be issued		Number of Common Share Purchase Warrants to be issued
Upon acceptance of subscription	$	335,000		3,774,810		2,233,000
March 1, 2016		325,000		3,661,570		2,166,000
April 1, 2016		230,000		2,591,710		1,533,000
May 1, 2016		160,000		1,802,410		1,066,000
June 1, 2016		165,000		1,859,880		1,100,000
July 1, 2016		155,000		1,746,640		1,033,000
August 1, 2016		130,000		1,464,380		869,000
	$	1,500,000		16,901,400		10,000,000

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EVENT CARDIO GROUP INC.

~~NOTES~~Notes TOto ~~FINANCIAL~~Financial ~~STATEMENTS~~Statements

~~February~~May 2931, 2016 and August 31, 2015

6. STOCKHOLDERS' DEFICIT (~~Unaudited~~Continued)

6. STOCKHOLDERS' DEFICIT(continued)

Equity Incentive Plan

The Company has created the Event Cardio Group Inc. 2015 Equity Incentive Plan ("equity incentive plan") which allows for the granting of incentive stock options to employees of the company, a parent or a subsidiary and the granting of awards other than incentive stock options to employees, directors and consultants. The maximum number of common shares which may be issued pursuant to the equity incentive plan at ~~February~~May 2931, 2016 is 10,000,000. No500,000 incentive stock options have been granted as of ~~February~~May 2931, 2016. under this plan to a consultant. A total of 2,750,000 common shares have been issued as of ~~February~~May 2931, 2016 under this plan to a consultant.

7.Stock ~~RELATED PARTY~~Options

As of May 31, 2016 there are 500,000 stock options outstanding, allowing the holder to purchase one share of the common stock of the company company per option, at an exercise price of $0.15 per option up to the expiration date of December 31, 2019.

7. RELATED PARTIES

The Company is related to Contex International Technologies (Canada) Inc. ("Contex") through the fact that affiliates of the Company hold a 34% interest in 2419596 Ontario Inc, which owns Contex.

The Company has entered into a service agreement with Contex, whereby Contex will provide services related to the design and development of a wireless and leadless ECG cardiac monitor. The agreement runs for a term of one year to May 22, 2016 and will automatically renew for subsequent terms of one year unless notice of termination is given by either party in writing.

For the ~~six~~nine months ended ~~February 29~~May 31, 2016 and ~~February~~May 2831, 2015 $~~284~~640,~~176~~332 and $~~138~~323,~~229~~778 respectively, have been incurred related to this agreement and have been expensed in research and development expense.

See Note 45 regarding convertible notes payable - related parties.

The company is party to an employment agreement running from February 1, 2016 to January 31, 2018 with the CEO for $100,000 per year up to January 31, 2017, at which time the board will determine the annual salary for the second year. In addition, the CEO will be entitled to receive a bonus of $225,000 when the company achieves profitable operations. If the company is sold before the bonus has been paid in full, the CEO will be paid such amount out of the proceeds of the sale or cash on hand in the event of a stock sale. This employment agreement supercedes and replaces all obligations of the company under a previous employment agreement, dated August 27, 2015, with the CEO, whereby the CEO was to have earned a salary of $225,000 per year up to August 31, 2018 and was to have been paid $125,000 for past services. For the nine months ended May 31, 2016 and May 31, 2015, $32,333 and $nil respectively, have been expensed related to compensation to the CEO and included in general and administrative expense.

~~The~~Table ~~Company~~of isContents related to the Chief Executive Officer ("CEO"), who is also the company's president and sole board member. For the six months ended February 29, 2016 and February 28, 2015, $8,333 and $nil respectively, have been expensed related to compensation to the CEO and included in general and administrative expense. Included in accounts payable at February 29, 2016 and August 31, 2015 is $nil and $nil respectively related to this employment agreement.13

EVENT CARDIO GROUP INC.

Notes to Financial Statements

May 31, 2016 and August 31, 2015

8. COMMITMENTS

On October 24, 2014, the Company entered into a License Agreement with Life Medical Technologies, Inc. ('Life Medical") with respect to Life Medical’s “BreastCare DTS™” product and certain other technologies. The License Agreement grants the Company the exclusive right to distribute the BreastCare DTS™ in the United States, Canada and certain countries in Asia, including China. The Agreement calls for royalties of 5% on net sales, as defined in the License Agreement, and requires minimum annual royalties of $100,000 in 2015 and $200,000 each year thereafter.

~~Table~~As part of ~~Contents~~entering 12into the License Agreement, the Company has made prepayments of the royalties commitment noted above and such are included in prepaid expenses on the accompanying balance sheet at May 31, 2016. For the nine months ended May 31, 2016, and May 31, 2015 $116,667 and $nil respectively of the above noted prepayment has been expensed.

EVENT CARDIO GROUP INC.

NOTES TO FINANCIAL STATEMENTS

February 29, 2016 and August 31, 2015

(Unaudited)

8. COMMITMENTS(continued)

As part of entering into the License Agreement, the Company has made prepayments of the royalties commitment noted above and such are included in prepaid expenses on the accompanying balance sheet at February 29, 2016. For the six months ended February 29, 2016, and February 28, 2016 $25,000 and $nil respectively of the above noted prepayment has been expensed. The recipients of 526,315 shares related to prepaid royalties were also to be paid in cash or shares of common stock, at the company's option, an amount equal to the excess, if any, of $70,000 over the value of such shares as of December 12, 2015. This amount has not yet been paid given the disagreement as disclosed in Note 8.

The Company is party to a Sublicense agreement with 9508583 Canada Inc. with respect to the exclusive rights to distribute the BreastCare DTS™ product in Canada with royalties payable at the rate of 5.5% of net sales, as to be defined in the Sublicense Agreement, to the Company.

9. CONTINGENCIES

On November 30, 2015, the company's subsidiary EFIL Sub of ECG Inc. received a breach of contract notice related to its license agreement with Life Medical as described in Note 78. Life Medical contends that the company has defaulted under the provisions of this agreement and have thus triggered penalty clauses in the agreement. Life Medical is now demanding payment of these penalties. As per the breach of contract notice details, it is estimated that the total penalty could be as high as $770,000 based on the formula: $1 per every 100 people in each designated country, up to a maximum of $150,000 per designated country, with a total of seven countries identified in the notice. In addition due to this breach, Life Medical also contends that the license rights to the seven countries identified now belongs exclusively to Life Medical. It is management's contention that the company has not defaulted under the provisions of the agreement and thus is not required to pay any such penalties, nor have the licensing rights reverted back to Life Medical in the seven countries identified. The outcome of this contingency is not determinable at this time.

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EVENT CARDIO GROUP INC.

Notes to Financial Statements

May 31, 2016 and August 31, 2015

10. SUBSEQUENT EVENTS

OnSubscription ~~March 15, 2016, the Company entered into an IT service agreement, that expires November 15, 2016, in exchange for 250,000 common shares of the company, valued at $7,250.~~Agreements

On ~~March~~June 2515, 2016, the Company ~~announced~~sold ~~that~~10,000,000 itshares ~~was amending its articles~~ of ~~incorporation~~common ~~for~~stock ~~authorization~~and warrants to ~~issue~~purchase ~~300~~5,000,000 shares of common ~~shares~~stock ~~and~~for 10a purchase price of $1,000,000. ~~blank~~The ~~check~~warrants ~~preferred~~may ~~shares~~be ~~undesignated~~exercised asany time prior to ~~series~~May 26, 2019 at an initial exercise price of $0.25 per share.

~~Table~~On June 16, 2016, the Company sold 2,500,000 shares of ~~Contents~~common 13stock and warrants to purchase 833,333 shares of common stock for a purchase price of $375,000. The warrants may be exercised any time prior to December 31, 2018 at an initial exercise price of $0.25 per share.

Share Purchase and Option Agreement

On June 16, 2016, the Company, entered into and consummated the transactions contemplated by a share purchase and option agreement with an affiliate and a shareholder. Pursuant to the agreement, the affiliate agreed to relinquish all rights under a license granted by the company in 2014 to market and distribute the Company's wireless cardiac monitoring device in Canada, including the right to exclusively market and distribute within the province of Ontario; the shareholder agreed to the repayment of the due to related party amount noted on the balance sheet at May 31, 2016 of $41,708 and the affiliate and the shareholder agreed to the release of all claims against the company. Further in pursuant to the agreement, the Company agreed to re-purchase for cancellation 20,000,000 shares of the company's common stock from a shareholder. Further in pursuant to the agreement, the company agreed to purchase 375 common shares of an affiliated entity 2419596 Ontario Inc., representing 37.5% of the ownership of that company. In addition the shareholder granted the company the option to purchase all, but not less than all of its remaining 9,812,500 shares of the Company's common stock owned for a price of $500,000 US exercisable at any time by the company prior to May 6, 2018. In exchange for all of the rights acquired and releases noted above, the company paid $1,024,949 Canadian (approximately $850,000 US), to be allocated as follows: $36,889 Cdn and the Cdn equivalent on $13,548 US in consideration of the due to related party amount of $41,708 US noted on the balance sheet at May 31, 2016; $37.50 Cdn in respect of the 375 common shares of 2419596 Ontario Inc. purchased, with the remainder being in respect of the 20,000,000 common shares of the company being repurchased for cancellation.

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EVENT CARDIO GROUP INC.

Notes to Financial Statements

May 31, 2016 and August 31, 2015

10. SUBSEQUENT EVENTS (CONTINUED)

Share Purchase Agreements

On June 24, 2016, the company entered into, and consummated a share exchange agreement with two shareholders who are the shareholders of 100% of the capital stock of 2375757 Ontario Inc. Pursuant to this agreement, the company has acquired all of the outstanding shares of 2375757 Ontario Inc. for 2,812,500 shares of the company's common stock. 2375757 Ontario Inc. had previously acquired from the company's CEO's rights granted to him by the company in 2014 to market and distribute the company's wireless cardiac monitoring device in Canada. This transaction coupled with the share purchase and option agreement noted above now returns 100% of the rights to market and distribute the company's wireless cardiac monitoring device in Canada to the company.

On June 30, 2016, the company entered into a stock purchase agreement, which closed July 8, 2016, to acquire 100% of the outstanding shares of Ambumed, Inc. and 100% of the membership interests in Capital Cardiac, LLC for consideration of $1,200,000 payable $600,000 upon closing and $600,000 payable on the first anniversary of closing, together with 2,000,000 restricted shares of the company's common stock, of which 500,000 shares will be deposited in escrow to satisfy the indemnification obligations of the former shareholders of Ambumed. The number of shares issued to the former shareholders of Ambumed is subject to adjustment if the market price of the common stock for the ten trading days preceding August 1, 2017 is less than $0.25 per share, the company will pay to one of the former shareholders of Ambumed, Inc. an amount equal to the product of (i) 1,000,000 and (ii) the excess of $0.25 over the market price. At the option of the company, it may pay any deficiency by the delivery of the number of shares times the market price equal to the amount due. As additional consideration, any and all automobiles of Ambumed, Inc. shall be transferred to a former shareholder of Ambumed, Inc. In addition, immediately prior to closing, Ambumed, Inc. shall distribute to its former shareholders, all cash and cash equivalents held by Ambumed, Inc.

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ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements regarding our future results of operations and financial position, business strategy and plans and our objectives for future operations. The words “may,” “will,” “should,” “could,” “expect,” “anticipate,” “believe,” “estimate,” “intend,” “continue” and other similar expressions are intended to identify forward-looking statements. We have based these forward looking statements largely on current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, short term and long-term business operations and objectives, and financial needs. These forward-looking statements involve risks and uncertainties that could cause our actual results to differ materially from those expressed or implied in our forward-looking statements. Such risks and uncertainties include, among others, those discussed in our consolidated financial statements, related notes, and the other financial information appearing elsewhere in this report and our other filings with the Securities and Exchange Commission, or the SEC, particularly those contained in the Section entitled “Risk Factors” in our Form 10-K filed with the SEC on December 14, 2015. Moreover, we operate in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. We do not intend, and undertake no obligation, to update any of our forward-looking statements after the date of this report to reflect actual results or future events or circumstances. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements.

Our fiscal year ends on August 31 each year.

OVERVIEW

Event Cardio Group Inc. was organized in October 26, 2005 and has had no operations since December, 2008. On June 9, 2014 the predecessor of Event Cardio Group Inc. (collectively with its subsidiaries, “ECGI”, “we”, “our” or the “Company”) ~~was~~experienced a ~~organized~~change of control as a result of a transaction (the “Transaction”) in ~~October 26~~which 1,412,619 ~~2005~~shares of our common stock, par value $0.001 and ~~has~~10,000,000 ~~had~~shares noof ~~operations~~our ~~since~~preferred ~~December~~stock, ~~2008~~par value $0.001, ~~when~~constituting weapproximately ~~discontinued~~97% ~~our~~of ~~previous~~the ~~business~~cumulative voting power of ~~mineral~~our ~~exploration~~capital stock on that date, was acquired by Mr. ~~Prior~~John Bentivoglio, who is now our sole director and chief executive toofficer, ~~the~~as ~~consummation~~nominee for 2340960 Ontario Inc., a private company organized in ~~October~~Ontario, Canada, which we hereinafter refer to as “ECG”. On November 14, 2014, ofwe consummated a share exchange agreement (the “Exchange Agreement”), ~~referred~~ pursuant to ~~below~~which we acquired all of the issued and outstanding capital stock of ECG from ECG’s stockholders, The Nick Bozza Family Trust, The John Bentivoglio Family Trust and The Sgro (2010) Family Trust. In exchange for all of ~~our~~the ~~activities~~outstanding ~~since~~capital ~~January~~stock of ECG, ~~2009~~we ~~were~~issued ~~centered~~to ECG’s stockholders an aggregate of 79,500,000 shares of our Common Stock (the “Share Exchange”) onwhich constituted in excess of 90% of the ~~acquisition~~cumulative voting power of our common stock on the date the share exchange was consummated. As a ~~new~~result ~~business~~of the consummation of the Share Exchange, ECG became our wholly owned subsidiary.

On June 9, 2014 we experienced a change of control as a result of a transaction (the “Transaction”) in which 1,412,619 shares of our common stock, par value $0.001 and 10,000,000 shares of our preferred stock, par value $0.001, constituting approximately 97% of the cumulative voting power of our capital stock on that date, was acquired by Mr. John Bentivoglio, who is now our sole director and chief executive officer, as nominee for 2340960 Ontario Inc., a private company organized in Ontario, Canada, which we hereinafter refer to as “ECG”. On November 14, 2014, we consummated a share exchange agreement (the “Exchange Agreement”), pursuant to which we acquired all of the issued and outstanding capital stock of ECG from ECG’s stockholders, The Nick Bozza Family Trust, The John Bentivoglio Family Trust and The Sgro (2010) Family Trust. In exchange for all of the outstanding capital stock of ECG, we issued to ECG’s stockholders an aggregate of 79,500,000 shares of our Common Stock (the “Share Exchange”). As a result of the consummation of the Share Exchange, (i) ECG became our wholly owned subsidiary and (ii) the ECG’s former stockholders own an aggregate of 79,500,000 shares which constituted approximately 92.8% of the cumulative voting power of our common stock on the date the share exchange was consummated.

Mr. John Bentivoglio, our sole director and chief executive officer is one of three trustees of The John Bentivoglio Family Trust, the beneficiaries of which are members of his family.

The Exchange Agreement is accounted for as a reverse merger, in which ECG is deemed to be the acquiring entity for accounting purposes. The discussion and analysis of our financial condition and results of operations is based upon the financial statements of ECG which have been prepared in accordance with accounting principles generally accepted in the United States.

On October 24, 2014, through a wholly owned subsidiary, we entered into a license agreement (the “License Agreement”) with Life Medical Technologies, Inc. (“Life Medical”) under which we were granted the exclusive right to distribute Life Medical’s “BreastCare DTS™” in the United States and certain other territories. The BreastCare DTS™ product is a patented, non-invasive and FDA-cleared as an adjunct to mammography and other established procedures for the detection of breast disease, including breast cancer.

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GENERAL

~~The~~Our ~~Exchange~~primary ~~Agreement~~sources isof ~~accounted for~~funding asto adate have ~~reverse~~been ~~merger,~~capital incontributions ~~which~~by ~~ECG~~our isstockholders ~~deemed~~and tocash beprovided ~~the~~by ~~acquiring~~borrowings ~~entity~~from ~~for~~affiliates ~~accounting~~and ~~purposes~~third parties. The ~~discussion~~Company’s primary ~~and~~uses ~~analysis~~ of ~~our~~funds ~~financial~~have ~~condition~~been for capital expenditures, general and ~~results~~administrative ofexpenses ~~operations~~and isresearch ~~based~~and ~~upon~~development ~~the~~expenditures related ~~financial~~to ~~statements~~its ofNowCardio™ ~~ECG~~heart ~~which~~monitoring ~~have~~system ~~been~~and, ~~prepared~~subsequent into May 31, 2016, the acquisition ~~accordance~~of Ambumed, Inc. and the completion of a transaction with ~~accounting~~Nicholas ~~principles~~Bozza ~~generally~~and ~~accepted~~certain inof ~~the~~his ~~United~~affiliates, ~~States~~as more fully described below.

~~The~~We ~~Company’s~~received ~~primary sources~~notice ofon ~~funding~~June to28, ~~date~~2016, ~~have~~that ~~been~~NowCardio™, ~~capital~~our ~~contributions~~noninvasive bycontinuous ~~its~~heart ~~stockholders~~monitoring ~~and~~device, ~~cash~~has ~~provided~~been byapproved ~~borrowings~~for ~~from~~sale ~~affiliates~~in Canada as a Class 2 Medical Device. ~~The~~We ~~Company’s primary~~are ~~uses~~in the process of ~~funds~~completing ~~have~~our ~~been~~510(k) ~~for~~application ~~capital~~which ~~expenditures,~~should ~~general~~be ~~and~~submitted ~~administrative~~to ~~expenses~~the ~~and~~United States ~~research~~Food and ~~development~~Drug ~~expenditures~~Administration (FDA) within thirty days.

~~BASIS~~On OFJune ~~PRESENTATION~~16, 2016, we consummated transactions with Nick Bozza, individually and as nominee of the Nick Bozza Family Trust (collectively, “Mr. Bozza”), pursuant to which Mr. Bozza relinquished his rights under a license granted by the Company in 2014 to market and distribute the Company’s wireless cardiac monitoring device in Canada, exclusively within the Province of Ontario, and to the repayment of certain indebtedness owed to him by the Company and its affiliated entities. In addition, Mr. Bozza sold to the Company 20,000,000 shares of the Company’s common stock, together with shares of the affiliated entities. In addition, Mr. Bozza granted the Company an option to purchase the remaining 9,812,500 shares of the Company’s common stock owned by him for a purchase price of US$500,000 at any time prior to May 6, 2018. For all the rights acquired, the Company paid Mr. Bozza CAD $1,025,000, or approximately US $850,000.

~~The~~On ~~unaudited~~June ~~consolidated~~24, ~~financial statements~~2016, ~~have~~we ~~been~~consummated ~~prepared~~an agreement ~~in accordance~~ with ~~accounting principles generally accepted in~~ the ~~United~~John ~~States~~Bentivoglio ofFamily ~~America~~Trust ~~for interim financial statements~~ and ~~with~~ the ~~instructions~~Frank toSgro ~~Form~~Family ~~10-Q~~(2010) ~~and~~Trust, ~~Article~~the 10shareholders of ~~Regulation~~2375757 ~~S-X~~Ontario ~~of the United States Securities and Exchange Commission (“SEC”)~~Inc. ~~Accordingly~~, pursuant ~~they~~to dowhich ~~not~~we ~~contain~~acquired all ~~information~~of ~~and footnotes required by accounting principles generally accepted in~~ the ~~United~~outstanding ~~States~~shares of ~~America~~2375757 ~~for~~Ontario ~~annual~~Inc. ~~financial~~for ~~statements.~~a Intotal ~~the~~of ~~opinion~~2,812,500 shares of the Company’s ~~management,~~ ~~the~~common ~~accompanying~~stock. ~~unaudited~~2375757 ~~consolidated~~Ontario ~~financial~~Inc. ~~statements~~had ~~contain~~previously ~~all~~acquired ~~the~~from ~~adjustments~~Mr. ~~necessary~~Bentivoglio, ~~(consisting~~rights ~~only of~~granted ~~normal recurring accruals)~~ to ~~present~~him by the ~~financial position of the~~ Company asin of2014 ~~February~~to ~~29,~~market ~~2016~~ and distribute the ~~results~~Company’s ofwireless ~~operations and~~cardiac ~~cash~~monitoring ~~flows~~device ~~for~~in ~~the periods presented~~Canada. ~~The~~Coupled ~~results~~with the acquisition of ~~operations for~~ the ~~six~~rights ~~months~~granted ~~and~~to ~~three~~Mr. ~~months ended February 29~~Bozza, ~~2016 are~~the ~~not~~Company ~~necessarily~~has ~~indicative~~re-acquired all of the ~~operating~~rights ~~results~~to ~~for~~market ~~the~~and ~~full~~distribute ~~fiscal~~the Company’s ~~year~~wireless orcardiac ~~any~~monitoring ~~future~~device ~~period.~~in Canada

~~These~~On ~~consolidated~~July ~~financial~~8, ~~statements should~~2016, bewe ~~read~~acquired inall ~~conjunction~~of ~~with~~ the ~~consolidated financial statements and related notes thereto included in the form 10-K filed~~outstanding ~~with~~shares ~~the~~of ~~SEC on December 14~~Ambumed, ~~2015~~Inc., ~~The~~which ~~preparation~~does ofbusiness ~~the~~under ~~consolidated financial statements requires~~ the ~~Company~~name toNational ~~make~~Cardiac ~~estimates and~~Monitoring ~~judgments~~Center ~~that affect the reported amounts of assets and liabilities~~(“NCMC”). OnNCMC ~~an on-going basis, the Company estimates on historical~~provides ~~experience~~electrocardiography ~~and~~support onservices ~~various~~designed ~~other~~specifically ~~assumptions~~for ~~that~~physicians, ithospitals, ~~believes~~scanning toservices beand ~~reasonable~~home ~~under~~health ~~the~~care ~~circumstances~~agencies, including ~~the~~a ~~results~~24-hour/day ofECG ~~which~~monitoring ~~form the~~center. ~~Company’~~NCMC's ~~basis~~facilities ~~for~~will ~~making~~be ~~judgments~~used ~~about~~to ~~the~~continuously ~~carrying values of assets~~ receive and ~~liabilities~~interpret ~~that~~the ~~are~~data ~~not~~collected ~~readily~~by ~~apparent from~~our ~~other~~NowCardio™ ~~sources.~~monitors ~~Actual~~once ~~results~~they ~~may~~are ~~differ~~in ~~from~~commercial ~~these~~use ~~estimates~~in ~~under~~the ~~different~~United ~~assumptions or conditions~~States.

These financial statements contain the accounts of the Company and the accounts of the Company’s subsidiaries 2340960 Ontario Inc. and EFIL Sub of ECG Inc. as at February 29, 2016 and August 31, 2015. Any inter-company accounts and transactions are eliminated.

The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America and are presented in United States Dollars.

RESULTS OF OPERATIONS

We have been in the developmental stage since inception. Since inception, our efforts have been principally devoted to designing and developing a wireless cordless cardio monitor. From inception to ~~February~~May 2931, 2016, ~~the~~we ~~Company~~have ~~has~~ sustained losses and ~~has~~have an accumulated deficit of $4,~~267~~953,~~128~~974.

Our loss from operations for the ~~six~~ nine months ended ~~February~~May 2931, 2016 was $1,~~143~~788,~~839~~429 compared to a loss from operations of $~~518~~1,~~570~~138,232 for the ~~six~~nine months ended ~~February~~May 2831, 2015. General and administrative expenses were $~~755~~1,~~553~~032,018 for the ~~six~~nine months ended ~~February 29~~May 31, 2016, compared to $~~303~~681,~~471~~473 for the ~~six~~ nine months ended ~~February~~May 2931, 2015~~, an increase of $452,082~~. This increase is predominately due to increased expenses related to efforts to commence our operations, including the accrual of salary due our President, expenditures related to our efforts to raise funds and introduce our products to prospective distributors and licensees, and obtain regulatory approval from Health Canada~~, and expenses incurred in connection with our dispute with Life Medical Technologies, Inc~~.

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~~Also,~~We we incurred research and development expenses of $~~388~~756,~~286~~411 during the ~~six~~nine months ended ~~February~~May 2931, 2016, compared to $~~215~~456,~~099~~759 of research and development expenses incurred during the ~~six~~nine months ended ~~February 28~~May 31, 2015. All research and development expenses incurred during the ~~six~~nine months ended ~~February~~May 2931, 2016, related to the continued development of our ~~cardiac~~NowCardio™ monitoring device ~~which~~and ~~should be submitted to Health Canada for approval no later than June 2016.~~related software. The expenses incurred in the ~~six~~nine months ended ~~February~~May 2831, 2015, were apredominately ~~mix~~spent on the development of ~~costs~~NowCardio™ with ona ~~the~~smaller ~~cardiac~~portion ~~device~~spent ~~and~~on the BreastCare device. We have suspended devoting significant amounts to the development of the BreastCare device as we focus our efforts on bringing the heart monitoring device to market.

Total comprehensive loss for the ~~six~~ nine months ended ~~February~~May 2931, 2016 was $~~914~~1,~~754~~740,219 as compared to $~~499~~1,~~533~~161,580 for the ~~six~~nine months ended ~~February~~May 2831, 2015. The increase in our loss primarily resulted from the increase in general and administrative expenses and research and development expenses described above and from an increase of approximately $98,783 in our interest and loan cost amortization expenses, which, on a combined basis increased to $184,958 from for the nine months ended May 31, 2016 from $86,175 for the nine months ended May 31, 2015.

Our loss from operations for the three months ended ~~February~~May 2931, 2016, was $~~676~~644,~~096. This~~590, ~~represents~~an ~~nearly~~increase ~~59%~~ of ~~the~~$24,929 ~~loss~~from ~~incurred~~our ~~during~~loss ~~the~~of ~~six months ended February 29~~$619,661 ~~2016,~~from ~~reflecting~~operations in the ~~fact~~three ~~that although~~months weended ~~were~~May ~~able~~31, to2015. ~~reduce~~This ~~our~~increase ~~general~~in ~~and~~our ~~administrative~~loss ~~expenses~~results ~~quarter~~primarily ~~over~~from ~~quarter,~~the ~~$308,076~~increase of ~~the~~approximately $~~388~~170,~~286~~607 ofin the ~~research~~amounts paid ~~and~~to ~~development~~Contex ~~expenses~~Engineering ~~incurred~~for in the ~~six~~development ~~months~~of ~~ended~~NowCardio ~~February~~and ~~29,~~work ~~2016,~~related ~~were~~to ~~incurred~~our inapplication ~~the~~to ~~latter~~Health ~~three~~Canada ~~months~~partially ofoffset ~~the period.~~by ~~Our~~a ~~loss~~reduction ~~from~~in ~~operations~~our ingeneral ~~the~~and ~~three~~administrative ~~months~~expenses ~~ended~~which ~~February~~decreased ~~29,~~by ~~2016~~approximately $101,536 ~~exceeded~~in ~~that~~the ofyear ~~the~~over ~~same~~year period. Given inour ~~2015~~acquisition byof ~~$414~~NCMC,~~978,~~ ~~primarily as~~and ~~a result of~~ the ~~substantial~~need to increase in our ~~research~~personnel ~~and~~as ~~development~~we ~~expenses~~begin ~~year~~to ~~over~~distribute ~~year,~~NowCardio ~~which~~and ~~grew~~provide ~~by nearly $228,000~~monitoring ~~and~~services, ~~the~~it ~~increase~~is inlikely that our general and administrative expenses ~~which~~will ~~grew~~increase byas ~~slightly~~funds inbecome ~~excess of $177,000~~available. We anticipate that even if additional funds become available to us and despite the acquisition of NCMC, we will continue to incur significant losses for the immediate future as we seek to obtain the necessary approvals ~~and~~to bring Now Cardio to the market, and ~~raise~~used ~~additional~~to ~~capital~~capture ~~while not generating any revenues~~market share.

Total comprehensive loss for the three months ended ~~February~~May 2931, 2016 was $~~443~~825,~~423~~ 465 as compared to $~~197~~662,~~628~~047 for three months ended ~~February~~May 2831, 2015. The increase in our comprehensive loss year over year reflects ~~the~~an increase in our ~~expenditures~~foreign astranslation weadjustment ~~seek~~ to ~~finish~~$138,619 for the ~~development~~three ofmonths ~~Now~~ended ~~Cardio~~May ~~and obtain the necessary~~31, ~~approvals~~2016, ~~and~~as ~~bring~~compared ~~Now~~to ~~Cardio~~an toadjustment ~~the~~of ~~market~~$13,694 infor the ~~absence~~earlier ofthree ~~any~~month ~~revenues~~period. ~~Our~~The ~~comprehensive~~significant ~~loss~~increase in ~~the~~this ~~three months ended~~adjustment ~~February~~reflects ~~29,~~the ~~2016~~fact ~~benefitted from~~that athe ~~foreign~~Canadian ~~currency~~Dollar ~~translation~~has ~~adjustment~~lost ofvalue ~~$313,303,~~relative ~~as compared~~ to ~~an adjustment of $92,677 in~~ the ~~year~~US ~~earlier period~~dollar.

LIQUIDITY AND CAPITAL RESOURCES

~~Period~~Periods ended ~~February~~May 2931, 2016 and August 31, 2015.

As of ~~February~~May 2931, 2016, our total assets were $1,~~168~~248,~~629~~616, total liabilities were $1,~~253~~725,~~123~~419 and stockholders’ equity was a deficit of $~~502~~476,~~923~~803 compared to a deficit of $478,508 as of August 31, 2015. Current assets at ~~February~~May 2931, 2016 were $~~448~~458,~~267~~630 consisting of cash of $2371,~~135~~248 and prepaid ~~expenses~~ expenses of $~~425~~387,~~132~~382. In comparison, current assets at August 31, 2015 ~~was~~were $706,963. The ~~increase~~relative stability in our stockholders deficit at May 31, 2016, as compared to August 31, 2015, reflects ~~our~~ ~~loss~~the ~~during~~fact that the ~~first~~amount ~~half~~we derived from sales of ~~our~~stock ~~current~~and ~~fiscal~~warrants during the first nine months of this year, ~~partially~~slightly, ~~offset~~together bywith ~~sales~~the value of ~~stock~~shares issued for services and ~~warrants~~in satisfaction of contractual obligations, approximated our comprehensive loss during ~~such~~this period. ~~for an~~Specifically, ~~aggregate~~during ofthe ~~$205~~nine months ended May 31,~~000~~ 2016, ~~the~~we ~~issuance~~sold of21,001,400 shares ~~valued~~and at14,100,000 anoptions ~~aggregate~~for gross proceeds of $1,~~250~~332,009, of which $324,427 was received after May 31, 2016. In addition, we issued 3,076,754 shares and 13,750,000 options for services ~~rendered~~and orin tosatisfaction beof ~~rendered by~~ various obligations ~~consultants,~~which ~~shares~~were ~~issued~~valued at a ~~valuation~~total of $80503,176, and cancelled 2,162,619 common shares and 10,000,000 ~~for~~preferred ~~interests~~shares which reduced our capital by an aggregate of $36,156. We anticipate that we will seek to issue additional shares of our capital stock from time to time in order to fund the ~~Medpac~~introduction ~~Unit~~of ~~Trust,~~NowCardio to the Canadian market and, ~~warrants~~upon ~~issued~~obtaining inthe ~~respect~~required approvals, ofthe ~~services~~markets ~~valued~~in atother ~~$271~~countries. Such sales,~~176~~ if consummated, will result in dilution to our current shareholders and may not be at prices advantageous to us.

AsTable of ~~February~~Contents 29, 2016, our total liabilities of $1,671,552 principally consisted of convertible notes in the amount of $1,253,123 due to related parties, including Medpac, and accounts payable of $395,602, and debts to related parties of $40,827, all of which were current liabilities other than the convertible notes. In comparison, our liabilities as of August 31, 2015 were $1,729,201, principally consisting of loans from related parties in the amount of $549,502, a convertible note held by a third party in the amount of $525,000 and accounts payable of $598,835, and debts to related parties of $55,864 all of which were current liabilities other than the convertible note.19

~~Table~~As of ~~Contents~~May 1631, 2016, our total liabilities of $1,725,419 principally consisted of convertible notes in the amount of $1,258,053 due to related parties, including Medpac, and accounts payable of $425,658, and debts to related parties of $41,708, all of which were current liabilities other than the convertible notes. In comparison, our liabilities as of August 31, 2015 were $1,729,201, principally consisting of loans from related parties in the amount of $549,502, a convertible note held by Medpac in the amount of $525,000 and accounts payable of $598,835, and debts to related parties of $55,864 all of which were current liabilities other than the convertible note.

The net cash used in our operating ~~activities~~ activities in the ~~six~~nine months ended ~~February~~May 2931, 2016 was $~~740~~1,~~133~~140,992, an increase from the amount of cash used in the first ~~half~~nine months of the prior year. The increase in our use of cash reflects the expenditure of the amounts received during the period for common stock and warrants as we continued our efforts to develop our business.

Net cash used in investment activities in the ~~six~~nine months ended ~~February~~May 2931, 2016 was $100,000. Noas ~~investments~~compared ~~were~~to ~~made~~$150,000 invested in ~~the~~property ~~first~~and ~~half~~equipment ofin the ~~prior~~first ~~year~~nine months of 2015. The investment made in the ~~six~~nine months ended ~~February~~May 2931, 2016, was $100,000 deposited towards the construction of the manufacturing line to produce the BreastCare™ device. This project has been suspended pending the resolution of the dispute with Life Medical. Net cash from financing activities in the ~~three~~nine months ended ~~February~~May 2931, 2016 was $~~474~~999,~~979~~032, representing net proceeds of $~~435~~1,~~144~~023,033 from the issuance and agreement to issue equity securities and $5376,~~956~~886 loaned by a related party partially offset by a payment to a related party in the amount of $14,~~121~~577.

ECG has been in the developmental stage since inception. Since inception, ECG’s efforts have been principally devoted to designing and developing a wireless cordless cardio monitor. From inception to ~~February~~May 2931, 2016, the Company has sustained losses and has an accumulated deficit of $4,~~267~~953,~~128~~974. The Company has funded its activities to date primarily through contributions from its stockholders, loans from affiliates and the issuance of a convertible promissory note to a group in Australia.

The Company’s cash was effectively exhausted as of ~~February~~May 2931, 2016. ~~On February~~Subsequent ~~17,~~to ~~2016,~~such ~~the~~date ~~company~~we ~~entered~~have ~~into~~consummated ~~subscription~~sales ~~agreements with ten individuals for aggregate proceeds~~ of ~~$1,082,251 in exchange for 16,901,400 shares of common~~ stock and ~~warrants~~options ~~exercisable~~from atwhich ~~$0.15~~we ~~per~~have ~~share to purchase 10,000,000 shares of~~derived ~~common~~gross ~~stock.~~proceeds ~~The subscription amounts are to be paid in installments beginning upon acceptance~~ of ~~the Subscription Agreements and on the first day of each calendar month thereafter to August~~ $1, ~~2016~~825,000. ToOf ~~date~~such ~~the Company has received an aggregate of CDN$890~~amount,~~000 (approximately~~ US$~~642~~600,000) ~~from~~was ~~the~~used ~~subscribers leaving a balance of US$440,000~~ to becomplete ~~paid over~~ the ~~next~~acquisition ~~four~~of ~~months.~~NCMC ~~The~~on ~~amounts to~~July be8, ~~received~~2016, ~~pursuant to these subscription agreements are not sufficient to enable the Company to begin to market its product~~ and ~~achieve positive cash flow. In January 2016 we issued 4~~$850,000~~,000 shares in consideration of units in Medpac aggregating~~ towas ~~approximately~~used ~~32% of the Units outstanding. It is not likely that Medpac will generate cash prior~~ to ~~such~~consummate ~~time as we complete~~ the ~~development~~transactions ofwith ~~the~~Nicholas ~~Now~~Bozza ~~Cardio~~described ~~monitor and the product is cleared for distribution in Australia~~above.

On April 27, 2015, ECG issued its 8% convertible notes due January 31, 2018 in the total principal amount of $525,000 to Medpac Asia Pacific Pty Ltd. (“Medpac”). The notes are convertible into shares of ECG common stock at an initial conversion price of $0.15 per share. ECG may prepay the notes at any time; however, if the volume weighted average price of ECG’s common stock for the ten trading days preceding the prepayment date is less than $0.15 per share, then Medpac is entitled to receive a number of warrants sufficient to purchase up to 1% of the then outstanding number of shares of ECG common stock as to $500,000 principal amount of the notes and as to 0.0005% of the outstanding shares as to the remaining $25,000 principal amount of the notes. The warrants, when issued, would be exercisable for a period of three years at an exercise price of $0.15 per share, but may be exercised on a cashless basis. At the time of ~~the~~ the issuance of such notes we entered into an agreement with Medpac wherein we agreed to enter into license agreements for the ~~distribution~~ distribution of our cardiac monitoring device and BreastCare™. We have agreed to issue to Medpac 639,333 shares of common stock in satisfaction of accrued interest in the amount of $31,966 which was payable on January 31, 2016. This represents a per share price of 5 cents despite the fact that our common shares were trading in the range of 3 cents in late January.

InWe ~~May~~are ~~2014,~~required ~~ECG~~to ~~entered~~pay ~~into~~Life ~~a loan~~Medical ~~agreement~~royalties ~~(the~~of ~~“May~~5% ~~Loan~~on ~~Agreement”)~~net ~~with~~sales, anas ~~affiliated~~defined ~~company,~~in ~~pursuant~~the toLicense ~~which~~Agreement ~~the~~related ~~lender~~to ~~loaned~~BreastCare™, ~~the~~and ~~Company~~minimum ~~CAD~~annual royalties of $~~583~~100,000. Onin ~~August~~2015 19and $200,000 ~~2015~~each year thereafter. In addition, we entered into release agreements (the ~~Company~~“Releases”) with ~~and~~certain creditors (the ~~party~~“Life Medical Creditors”) of Life Medical which ~~loaned~~held itjudgments against Life Medical in the ~~CAD~~aggregate amount of approximately $~~583~~501,000. ~~referred~~Pursuant to ~~above,~~the ~~confirmed~~Release ~~their~~Agreements, ~~agreement to~~we ~~extend~~paid the ~~maturity~~Life ~~date~~Medical ofCreditors ~~the~~an ~~CAD~~aggregate of $~~583~~501,000, ~~Note~~of towhich ~~June 1~~$125,000 ~~2016~~was paid in cash and the ~~Company~~balance ~~borrowed~~was ~~from~~satisfied by the ~~lender~~issuance anof ~~additional~~shares ~~CAD $64,500.~~of Inour ~~December~~common ~~2015~~stock valued at $376,064, with the ~~same~~number ~~lender~~of ~~loaned~~shares ~~the~~of ~~Company~~common anstock ~~additional~~to ~~CAD~~be ~~$75,000~~determined ~~which~~by ~~was~~dividing ~~evidenced~~376,064 by athe ~~note~~volume ~~dated~~weighted ~~December~~average price ~~18,~~(“VWAP”) ~~2016.~~of Onour ~~February~~common ~~10,~~stock ~~2016,~~for the ~~CAD~~five ~~$583,000~~(5) ~~Note,~~consecutive trading days ending on the ~~CAD~~day ~~$64,500~~before ~~Note~~the ~~and~~15th calendar day after consummation of the ~~CAD~~Share ~~$75,000~~Exchange. ~~Note,~~In ~~together~~April ~~with~~we ~~all~~issued ~~interest and~~this ~~fees~~individual ~~accrued~~an ~~thereon~~additional 701,754 ~~were~~shares ~~satisfied~~of byour ~~the~~common ~~issuance~~stock in satisfaction of ~~the~~our ~~Company’s~~obligation. ~~convertible~~We ~~promissory~~are currently in ~~the~~dispute ~~amount~~with ofLife ~~CAD~~Medical ~~$960,300~~as to our obligations to make certain payments ~~(US~~aggregating approximately $~~710~~770,~~123).~~000 ~~The~~as ~~convertible~~a ~~note~~result ~~bears~~of ~~interest~~the atalleged ~~the~~failure ~~rate~~to make sufficient payments in connection with the sale of ~~12%~~BreastCare™ ~~per~~in ~~annum~~certain ~~and~~territories iswhere ~~due~~we onhad ~~January~~engaged ~~31,~~a ~~2018~~sub-licensee. ~~The~~Pending ~~principal~~the ~~amount~~resolution of this dispute and commercialization of ~~the~~our ~~convertible~~Now ~~note~~Cardio ~~and~~device, ~~accrued~~it ~~interest~~is ~~are~~not ~~convertible~~likely ~~into~~that ~~shares~~we ofwill ~~common~~utilize ~~stock~~any atsignificant ~~the~~funds ~~rate~~to ofcomplete ~~CAD~~the ~~$0.0873~~manufacturing ~~per~~line ~~share.~~necessary ~~The~~to ~~notes~~manufacture isBreastCare™. ~~secured~~If bythe afunds ~~lien~~to oncomplete the ~~shares~~manufacturing ofline ~~2340960~~were ~~Ontario~~available, ~~Inc.~~we ~~and~~would anevertheless ~~lien~~seek onto resolve ~~all~~our ofdifferences with Life Medical before moving forward with the ~~Company’s~~manufacturing ~~assets~~line.

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We ~~are~~do ~~required~~not tohave ~~pay~~substantial ~~Life~~commitments for ~~Medical~~capital ~~royalties~~expenditures. ofWe 5%have onreceived ~~net~~clearance ~~sales,~~from asHealthCare ~~defined~~Canada inwith ~~the License~~respect ~~Agreement related~~ to ~~BreastCare™,~~our ~~and~~Now ~~minimum~~Cardio ~~annual royalties of $100,000 in 2015 and $200,000 each year thereafter~~device. In ~~addition~~Nevertheless, we ~~entered~~will ~~into~~need ~~release~~significant ~~agreements~~funds ~~(the~~to ~~“Releases”)~~arrange ~~with~~for ~~certain creditors (~~the ~~“Life~~development ~~Medical Creditors”)~~ of ~~Life~~facilities ~~Medical which held judgments against Life Medical in the aggregate amount of approximately $501,000. Pursuant~~ to ~~the~~manufacture ~~Release Agreements,~~our weNow ~~paid~~Cardio ~~the~~device ~~Life~~or ~~Medical Creditors an aggregate of $501,000, of which $125,000 was paid in cash and the balance was~~arrangements ~~satisfied~~for byboth ~~the issuance~~ of ~~shares of~~ our ~~common~~products ~~stock~~and ~~valued at $376,064, with~~ the ~~number~~working ofcapital ~~shares of common stock~~ to besupport ~~determined by~~distribution ~~dividing~~efforts ~~376,064~~when ~~by the volume weighted average price (“VWAP”) of~~ our ~~common~~products ~~stock~~are ready for ~~the~~sale. ~~five~~If ~~(5)~~we ~~consecutive~~fail ~~trading~~to ~~days~~arrange ~~ending~~for onsuch ~~the~~financing ~~day before the 15th calendar day after consummation of the Share Exchange. We are currently~~ in the ~~process~~ offuture, ~~reaching an agreement with this party as to the number of additional shares to be issued and anticipate that~~ we will ~~issue~~ itnot ~~approximately~~be ~~700,000~~able ~~shares. The License Agreement recognizes that in order~~ to ~~protect~~execute our ~~interests,~~business ~~we may have to spend monies dealing with creditors of and other claimants against Life Medical~~plan. ~~Although~~We ~~we have no obligation to consummate arrangements with such creditors, we~~ may ~~reduce~~not ~~any~~be ~~amounts~~able ~~we pay~~ to ~~Life~~obtain ~~Medical’s creditors from future amounts payable~~financing ~~to Life Medical. We are currently~~ in ~~dispute~~sufficient ~~with~~amounts ~~Life~~or ~~Medical~~on asacceptable toterms ~~our~~when ~~obligations to make certain payments aggregating approximately $770~~needed,~~000~~ aswhich awill ~~result~~adversely ofaffect ~~the~~our ~~alleged failure to make sufficient payments in connection with the sale of BreastCare™ in certain territories where we had engaged a sub-licensee~~prospects. ~~Pending~~We ~~the resolution of this dispute and commercialization of our Now Cardio device, it is not likely that we~~ will ~~utilize~~need ~~any significant funds~~ to ~~complete~~raise the financing ~~manufacturing line~~ necessary to ~~manufacture BreastCare™.~~meet ~~If the funds to complete the manufacturing line were available, we would nevertheless seek to resolve~~ our ~~differences with~~anticipated ~~Life~~cash ~~Medical~~requirements ~~before~~for ~~moving forward with~~ the ~~manufacturing~~foreseeable ~~line~~future.

In connection with the License Agreement with Life Medical, in October 2014 we borrowed CAD $79,106 (the “October Loan”) from an Ontario corporation owned in equal thirds by John Bentivoglio, Nicholas Bozza and Frank Sgro (the “Lender”), all of whom are affiliates of the Company. This loan bears interest at the rate of 12% per annum, compounded monthly and matures on June 1, 2016. This loan was satisfied with the proceeds of the CAD $75,000 loan referred to above which was itself satisfied in February 2016.

We do not have substantial commitments for capital expenditures. We have made significant progress towards receiving clearance from HealthCare Canada with respect to our Now Cardio device. Nevertheless, we may require financing to complete final testing of the device before commencing manufacture and distribution. We also will need significant funds to arrange for the development of facilities to manufacture our Now Cardio device or arrangements for both of our products and the working capital to support distribution efforts when our products are ready for sale. If we fail to arrange for such financing in the future, we will not be able to complete the development of our cardiac monitor or execute our business plan, which we may not be successful in accomplishing. We may not be able to obtain financing in sufficient amounts or on acceptable terms when needed, which will adversely affect our prospects. We will need to raise the financing necessary to meet our anticipated cash requirements for the foreseeable future.

OFF BALANCE SHEET ARRANGEMENTS

We do not have any off-balance sheet arrangements, financings, or other relationships with consolidated entities or other persons, also known as “special purpose entities”.

CRITICAL ACCOUNTING POLICIES

Our significant accounting policies are more fully described in Note 2 to the Financial Statements provided in Part I, Item 1 of this report. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and the related disclosures of contingent assets and liabilities. Actual results could differ from those estimates under different assumptions or conditions.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

As a smaller reporting company, this item is not applicable to us.

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ITEM 4. CONTROLS AND PROCEDURES

a) Disclosure Controls and Procedures

We maintain "disclosure controls and procedures," as such term is defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934 (the "Exchange Act"), that are designed to ensure that information required to be disclosed by us in reports that we file or submit under the Exchange Act is recorded, processed, summarized, and reported within the time periods specified in Securities and Exchange Commission rules and forms, and that such information is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure. In designing and evaluating our disclosure controls and procedures, management recognized that disclosure controls and procedures, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the disclosure controls and procedures are met. Additionally, in designing disclosure controls and procedures, our management was required to apply its judgment in evaluating the cost-benefit relationship of possible disclosure controls and procedures. The design of any disclosure controls and procedures also is based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions.

At the end of the period covered by this report we carried out an evaluation, under the supervision and with the participation of our Chief Executive Officer and Chief Financial Officer, John Bentivoglio, of the effectiveness of the design and operation of our disclosure controls and procedures. This evaluation included an evaluation of our financial controls. Since our Chief Executive Officer also serves as our Chief Financial Officer and we do not have financial and accounting personnel thoroughly familiar with U.S. GAAP and U.S. securities laws and regulations, we have a deficiency in our financial controls. This deficiency in our financial controls and procedures constitutes a deficiency in our disclosure controls and procedures in that our disclosure controls and procedures were not effective to ensure that information required to be disclosed by us in our periodic reports is recorded, processed, summarized and reported, within the time periods specified for each report and that such information is accumulated and communicated to our management, including our principal executive and principal financial officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure. This deficiency will not be considered remediated until we hire accounting personnel with the requisite knowledge and experience concerning U.S. GAAP and the U.S. securities laws.

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b) Changes in Internal Control over Financial Reporting

There were no changes in the Company's internal control over financial reporting that occurred during the last fiscal quarter ended ~~February~~May 2931, 2016, that materially affected, or are reasonably likely to materially affect, the Company's internal control over financial reporting.

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PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

From time to time, we may be involved in various legal proceedings in the ordinary course of business. We do not believe that any settlement or judgment regarding current or potential future legal proceedings will have a material effect on our financial position.

On July 14, 2016, Life Medical filed an order to show cause asking the court, among other things, to prevent us from paying $600,000 to Ambumed Inc. or from making payments to any other party until our dispute with Life Medical is resolved; ordering us to surrender its property related to BreastCare DTS, including any improvements made by Ceres Technologies, and that Life Medical be permitted to work with Ceres Technologies; and ordering us to post a bond in the amount of $2,500,000 to ensure that we will have sufficient funds to pay Life Medical if it is successful in its counterclaims against us. We are currently evaluating the basis for this request and believe that it is without merit. We note, in particular, that the acquisition of Ambumed was closed on July 8, prior to the date the order to show cause was filed.

ITEM 1A. RISK FACTORS

Our business is subject to numerous risks and uncertainties including but not limited to those discussed in "Risk Factors" in our Annual Report on Form 10-K for fiscal year ended August 31, 2015 filed on December 14, 2015, which are incorporated by reference into this report.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS FROM SALES OF REGISTERED SECURITIES

During the quarter ended ~~February~~May 2931, 2016, we issued the following unregistered equity securities not previously disclosed in our reports filed under the Exchange Act:

On ~~January~~April 166, 2016, we issued an250,000 ~~aggregate~~shares of ~~4,000,000~~ common ~~shares~~stock to ~~two~~Brad ~~individuals~~Foley ~~located~~ in ~~Australia in~~ exchange for ~~their~~a ~~interests~~service inagreement ~~MedPac~~for ~~Asia~~a ~~Pacific~~fair ~~Unit Trust,~~value ~~our~~of ~~licensee~~$7,000, inbased ~~Australia.~~on ~~The~~the ~~Units~~market ~~received~~price ~~represent~~of ~~approximately~~$0.028 per ~~32%~~share as of the ~~outstanding~~measurement ~~Units in Medpac~~date.

On ~~February~~April 1226, ~~2016~~2015, we issued 13421,~~750,000 warrants~~052 toshares ~~purchase~~of common stock ~~shares~~ to 6Herzog ~~individuals.~~& ~~The~~Freed ~~warrants~~Capital ~~were~~Management ~~issued to individuals already affiliated with the Company, including its President, counsel,~~ and ~~engineers at Contex~~280,702 ~~for~~shares ~~services~~of ~~rendered~~common orstock to beJoseph ~~rendered~~Martin toCarasso, ~~the Company~~Esq. ~~None~~in satisfaction of ~~such individuals~~an ~~paid~~obligation ~~any~~related ~~consideration~~to ~~for~~a ~~the~~license ~~issuance~~agreement offor ~~the~~a ~~warrants~~fair ~~and~~value ~~the~~of ~~only~~$40,000, ~~individual~~based inon the ~~United~~market ~~States~~price ~~who~~of ~~received warrants is an accredited investor~~$0.057 ~~The~~per ~~other~~share ~~recipients who are not officers~~ as of the ~~Company~~measurement ~~are all citizens of Canada~~date.

The securities issued in the foregoing ~~transactions~~ transactions were exempt from registration under Section 4(a)(2) of the Securities Act ~~and/or Rule 506 promulgated thereunder~~ as transactions by an issuer not involving a public offering. The Company placed legends on the certificates stating that the securities were not registered under the Securities Act and set forth the restrictions on their transferability and sale. No general advertising or solicitation was used in selling the securities. No commissions or underwriting fees were paid to any placement agents in connection with the sale or issuances of the securities.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4. MINE SAFETY DISCLOSURES

None.

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ITEM 5. OTHER INFORMATION

None.

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ITEM 6. EXHIBITS

Exhibits		Description
31.1		Certification pursuant to Rule 13a-14(A) under the Exchange Act
32.1		Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.INS		XBRL Instance Document
101.SCH		XBRL Taxonomy Extension Schema Document
101.CAL		XBRL Taxonomy Extension Calculation Linkbase Document
101.LAB		XBRL Taxonomy Extension Definition Linkbase Document
101.PRE		XBRL Taxonomy Extension Labels Linkbase Document
101.DEF		XBRL Taxonomy Extension Presentation Linkbase Document

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Event Cardio Group Inc.
Dated: April 14 , 2016	By:	/s/ John Bentivoglio
Dated: July 15 , 2016	By:	/s/ John Bentivoglio
	Name: Title:	John Bentivoglio Chief Executive Officer ~~acting Chief Financial Officer (Principal Executive Officer and Principal Accounting Officer) Director~~

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