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In the News

 
Imatron Announces EBT Scanner sale to HeartTest in , Florida
 

So. San Francisco, Calif., March 14, 2000 - Imatron Inc. (Nasdaq: IMAT) announced today that it has sold an EBT scanner to HeartTest in , Florida. This EBT system sale will be recorded in the Company's first fiscal quarter financial results.

HeartTest, a 3000 square foot facility, will be headed by Dr. Joseph Horgan, a well-known cardiologist in the southwest Broward county area and will offer coronary artery scanning utilizing Imatron's EBT scanner. HeartTest will also offer electron beam angiography (EBA) and electron beam lung scanning in the near future. HeartTest plans to reinforce its well-established referral network by developing marketing strategies such as seminars and demonstrations with cardiologists, primary care physicians and medical groups.

HeartTest will be headquarted in , Florida, which is one of the fastest growing cities in the U.S. and is within 20 minutes from Dade, Broward and Palm Beach Counties. The facility is expected to be operational by mid-May 2000.

Dr. Joseph Horgan, Medical Director of HeartTest, stated, "We are very pleased to offer Coronary Artery Scanning to South Florida and look forward to bringing Imatron's EBT scanner to our new diagnostic imaging facility. EBT is a powerful tool which allows us not only to detect coronary heart disease much earlier, but gives us the ability, once detected, to monitor it for progression, stability or regression. The public's increased awareness of the availability and usefulness of this diagnostic technology will help save lives."

S. Lewis Meyer, Imatron's CEO said, "The sale of Imatron's EBT scanner to Dr. Horgan's new HeartTest facility is tangible evidence of the rapidly increasing acceptance of EBT Coronary Artery Scanning across all segments of the healthcare community. The public awareness of and interest in EBT as the state-of-the-art diagnostic technology to detect the presence and extent of coronary artery calcium, and, thereby, assess the plaque burden in an individual's coronary arteries is overwhelming. Imatron has been inundated with telephone calls from all parts of the country requesting information on the location of the closest EBT scanner installation. We look forward to the rapid expansion of our installed base throughout the U.S. to satisfy this widespread demand for the unique capabilities of EBT."

Imatron, Inc. is primarily engaged in designing, manufacturing, marketing, and supporting high performance EBT scanners based on the Company's proprietary electron beam tomography (EBT) technology. Imatron's EBT scanner is now in use at more than 120 major medical centers around the world, including the Mayo Clinic, Cedars-Sinai Medical Center, Abbott-Northwestern Hospital, Mount Sinai Medical Center, University of Iowa, National Institutes of Health, UCLA Medical Center, Stanford University, HeartScan Imaging, Cooper Clinic, HealthScan of La Jolla, LifeScore of San Diego, Vital Imaging Diagnostic Clinic, University of Illinois, Arizona Heart Institute, Daniel den Hoed Klinik in Rotterdam, Netherlands, Cardiology Research Centre in Moscow, Russia, FAU Erlangen-Nurnberg in Erlangen, Germany, Zentralklinik Bad Berka in Bad Berka, Germany and Beijing Hospital in China.

Except for the historical information contained herein, the matters discussed in this news release may contain forward-looking statements that are based on current expectations and estimates about the industry in which Imatron operates, the estimated impact of certain technological advances, the estimated impact of published research studies on scanner sales and procedures, as well as management's beliefs and assumptions. It is important to note that the Company's actual results could differ materially from those projected in such forward-looking statements. The factors that could cause actual results to differ materially include, among others; failed clinical demonstration of certain asserted technological advantages and diagnostic capabilities; reliance on product distributors; competition in the diagnostic imaging market; failure to improve product reliability or introduce new product models and enhancements; delays in production and difficulty in obtaining components and sub-assemblies from limited sources of supply; inability to meet cash-on-delivery or prepayment terms from vendors; determinations by regulatory and administrative government authorities; patent expiration and denial of patent applications; the high cost of the scanner as compared to commercially available CT scanners; and the risk factors listed from time to time in the Company's Securities and Exchange Commission reports, including their reports of Form 10-K for their current fiscal year.

 
 
 
 
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