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To: Dan O who wrote (3787)	12/5/1999 9:31:00 PM
From: Dan O	of 4122

Misleading Statements about Sales: This company has had no sales since inception. The company has issued numerous public statements on international marketing arrangements. The statements give the impression that revenues could be generated soon since foreign sales do not require FDA approval. The company has contributed to that impression with statements such as that found in Item 1 of the 1997 10k: "The laws of certain European and Asian countries may permit the Company to begin marketing the CTLM device in Europe and Asia before marketing would be permitted in the United States." Though the 1997 and 1998 10Ks explain that foreign sales have other hurdles which are not yet overcome, the 1996 10K contained substantially less warnings. Other public statements issued by the company perpetuate the false impression: 1. On 8/21/95 the Company issued a press release regarding Business Asia Consultants which stated that they will market our product outside the U.S. prior to FDA approval. It even stated that a million dollars of such sales had been lined up. No such sales have occurred. 2. On 7/19/96, Deb Obrien posted on AOL responding to an investor's question about why no international sales had been booked. She stated "Machines have been sold; we have actual invoices-no we have not shipped any yet because - once again I have explained how this process works in other postings. The company has 0 sales this year - the year is not yet over. We do project 22 million sale for the international market-It was never stated that this total amount would be for 1996." This misleading and confusing statement is typical of what the IMDS investor has endured. She appears to be implying 1996 sales. 3. On 7/23/96, Deb posted the news of a new contract and stated that "a contract was signed to deliver 3 systems to Syria." No time frame or conditions were mentioned in her post and no sales have occurred to my knowledge. 4. On 3/7/97, Deb Obrien posted on the AOL board that "The company will not generate revenue from sales until later this year." That was almost 2 years ago and nothing has happened. 5. In a 1/21/98 press release, Linda Grable is quoted as saying that a newly formed relationship with Imation "can provide immediate revenues". None have materialized to date. 6. In early 1998, Scott Phillips, a paid representative of IMDS, posted that the company expected foreign sales in the late spring or early summer of 1998. None have occurred. 7. The recent information statement says that the value of the patent was arrived at by looking at company projections of sales and income. The figures used per the Information Statement were nowhere near the quotes for these figures made by Scott Phillips, the paid representative of IMDS just 2 months before. Who do you believe? 8. The company has recently alluded to further delays. These are examples of the misleading statements the company has made on international sales. Given the desperate need for incoming cash at IMDS, and the incredible dilution shareholders are suffering as a result, misleading or unclear statements about international revenues result in improper shareholder decisions and financial harm.

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