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To: tonto who wrote (21893)5/28/1998 8:51:00 AM
From: purecntry5  Respond to of 34592
 
Didnt they do up SEXI as well?? <GG>

ۇ



To: tonto who wrote (21893)5/28/1998 9:00:00 AM
From: makin_dough99  Read Replies (2) | Respond to of 34592
 
Funny - I got slaughtered in that one - you just had to remind me - Thanks.



To: tonto who wrote (21893)5/28/1998 2:59:00 PM
From: Joe Copia  Read Replies (2) | Respond to of 34592
 
IMDS news. Imaging Diagnostic Systems has developed the world's first patented laser- based mammography system that utilizes state-of-the-art laser technology (ie no pain )

Thursday May 28, 2:28 pm Eastern Time

Company Press Release

SOURCE: Imaging Diagnostic Systems, Inc.

Imaging Diagnostic Systems, Inc. Receives $15 Million
Equity Line Of Credit

FORT LAUDERDALE, Fla., May 28 /PRNewswire/ -- Imaging Diagnostic Systems, Inc. (OTC Bulletin Board: IMDS - news) announced today that it has entered into an irrevocable agreement with a consortium of prominent European banking institutions who will invest up to
$15 million in the Company over the next three years.

Imaging Diagnostic Systems President, Ms. Linda Grable, said, ''The completion of this financing, which is structured as an equity line of credit, is significant because it provides the key capital component for our completing FDA clinical trials through PMA submission and subsequently ramping up to full manufacturing capacity. With no future financial concerns facing us, we are now free to focus strictly on bringing the world's first laser-based mammography system to market. It is indeed an exciting time for Imaging
Diagnostics and our valued
shareholders, whose patience and support have been truly appreciated.''

The Company is currently conducting in-house clinical studies monitored by an
Institutional Review Board (IRB) of approximately fifteen to twenty patients whose
studies will establish image interpretation criteria for PMA submission. Upon completion
of the first phase clinical studies, the Company will commence the second phase clinical
trials at three prominent hospitals. The Company will launch manufacturing of its CT
Laser Mammography (CTLM(TM)) Systems immediately following the first phase
clinical trials to ensure timely
delivery of systems to the Company's European customers.

Imaging Diagnostic Systems has developed the world's first patented laser- based
mammography system that utilizes state-of-the-art laser technology and proprietary
computed algorithms that create contiguous cross sectional slices of the breast. This
procedure is performed without the use of x-rays and/or painful breast compression.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The
statements which are not historical facts contained in this press release are
forward-looking statements that involve certain risks and uncertainties, including but not
limited to, risks
associated with the uncertainty of future financial results, dditional financing
requirements, development of new products, regulator approval processes, and other
uncertainties detailed in
the Company's filings with the Securities and Exchange Commission.

Joe PTG&LI !!!