Timex Marathon 100 Lap Heart Rate Monitor is a great piece of equipment to have while you are exercising.
This is not only a heart rate monitor but also a sports watch.
This watch has a number of features on it some of them are as follows:
Display with flipping system for easy reading of heart rate and elapsed time
12/24 hour time
Month/day/date
Alarm with 5 minute back-up
The Watch is Water resistant up to 50 meters

If you are looking for a multi purpose watch then this could be the one.

You can find out more about this watch on heartratemonitor