Did someone post this? HUge volume today and we're coming off 52 week low;
Thursday June 4, 10:07 am Eastern Time
Company Press Release
Swissray's Direct Digital Radiography Systems are Gaining Market
Acceptance
NEW YORK--(BUSINESS WIRE)--JUNE 4, 1998--SWISSRAY INTERNATIONAL, INC. (NASDAQ: SRMI - news)
today announced more installations of its multifunctional direct digital radiography system, the AddOn-Multi-System, in the
United States and Europe.
Swissray is the world's first company offering a multifunctional direct digital x-ray system which handles examinations of
recumbent, seated and upright patients. The digital x-ray image is displayed and ready for diagnosis in only 20 seconds. This
revolutionary procedure is a benchmark in efficiency and cost effectiveness for plane x-ray examinations. Experts judge the
image quality as brilliant and the image processing features of the SwissVision workstation offer advanced diagnostic
possibilities.
Additional installations will take place over the next few weeks at Seaview Radiology P.C., Staten Island, NY, located on the
north campus of Staten Island University Hospital, Dutchess Radiology Associates, Poughkeepsie, NY and the VA San
Francisco, San Francisco, CA, in association with the University of San Francisco. In Switzerland one of the most prestigious
university hospitals, the Inselspital Berne, will be equipped with the direct digital AddOn-Multi-System.
Ruedi G. Laupper, Chairman and President of Swissray International, Inc., stated, ''I am delighted to be placing our
AddOn-Multi-System in these prestigious and forward-looking facilities. Swissray takes it as a confirmation, that it is clearly
understood that filmless radiology is the only way to go in modern radiology and that Swissray is today the only company to
offer a complete solution towards filmless radiology including the implementation of digital imaging technologies such as RIS,
PACS and telecommunication. Swissray is working on a large number of additional sales. Hospitals and Universities have
already budgeted a purchase and therefore Swissray expects to be placing a minimum of 75 complete systems over the next 12
months. To enhance the successful market and distribution of our AddOn-Multi-System, Swissray intends to enter into several
distributorship agreements with renowned, multinational companies. These strategic partnerships will allow Swissray to have a
representation in over 40 countries.''
As an innovative developer and manufacturer of X-ray technology and systems, Swissray International, Inc. is a pioneer of
direct digital radiography (ddR) technology, Swissray is, with its unique product line, the leader in direct digital X-ray systems.
For more information about the Company and its AddOn-Multi-System visit the Swissray web site at swissray.com.
This release contains certain forward-looking statements which involve known and unknown risks, uncertainties and other
factors not under the Company's control which may cause actual results, performance achievements of the Company to be
materially different from the results, performance or expectations implied by these forward-looking statements. These factors
include, but are not limited to, those detailed in the Company's periodic filings with the Securities and Exchange Commission.
L.G. Zangani, LLC provides financial public relations services to the Company. As such L.G. Zangani, LLC and/or its officers,
agents and employees, receives various forms of remuneration.
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