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Biotech / Medical : COMPUTERIZED THERMAL IMAGING (COII)- research only

CIO 6.970

+0.1%

Dec 26 9:30 AM EST

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To: chirodoc who wrote (219)	6/23/2000 12:57:00 AM
From: chirodoc	Read Replies (1) of 256

CTI Announces First Sale of its New Breast Cancer Imaging System Unique Non-Invasive Advancement Aids Physicians in Diagnosis of Breast Cancer LAYTON, Utah--(BUSINESS WIRE)--June 19, 2000--Computerized Thermal Imaging, Inc. (CTI) (OTC symbol: COII - news) announced today the sale of 10 CTI breast cancer imaging systems to a Latin American consortium based in Mexico City for $5 million. This consortium, Computerized Thermal Imaging International, and CTI had previously announced an agreement to deploy 100 CTI breast cancer imaging units in Latin America. This initial purchase order was accompanied by a down payment of $1.75 million, with the balance due upon delivery of the systems. ``This is a very significant event in our corporate history,'' stated David Packer, President and COO. ``It represents the first sale of our revolutionary breast cancer imaging system and our first significant revenues. This achievement is the result of our unwavering commitment to bring this product to market successfully. Our recent acquisition of Bales Scientific will greatly enhance both production and support. We will now begin production as well as total implementation of the domestic and international product support infrastructure.'' CTI is seeking FDA approval for use of its Computerized Thermal Imaging System in the United States as an adjunctive diagnostic test to mammography and clinical examination for the detection of breast cancer. The test is simple, painless, and involves no radiation, breast compression, electrodes, electrical current, or skin contact. CTI also recently announced evaluation of their technology for new occupational medicine applications.

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