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Imagin Molecular Corporation Signs Letter of Intent With PET Management Services to Pursue Molecular Imaging Partnerships

Posted on: Tuesday, 10 January 2006, 12:00 CST

Imagin Molecular Corporation (OTCBB:IMGM) announced today that the Company has entered into an agreement with PET Management Services of Niagara, NY. PET Management Services is a leader in molecular imaging solutions that brings to IMGM the necessary bioinformatics research and imaging center management that proves the model of Positron Emission Tomography (PET) as a primary diagnostic tool in the fight against coronary disease.

PET Management Services (PMS) enables Imagin Nuclear Partners (INP) to deliver specialized evidence based medical solutions for cardiac disease diagnostics and treatments driven by bioinformatics. When specifically positioned in the market it will provide the maximal cost effective benefit to their joint venture partner and its patients. PMS has data that demonstrates cost savings to insurance companies when cardiac PET is performed on selected patients as a first line test rather than traditional Single Photon Computed Tomography (SPECT) scans. PMS will use this and similar data to demonstrate to the imaging center and assist INP to be best positioned in the marketplace.

PMS will partner with Imagin Molecular Corporation's subsidiary, INP that will operate joint ventures with PET imaging centers. INP is a full-service joint venture molecular imaging partner that will own, operate and administer out-patient medical diagnostic imaging centers that utilizes PET and PET/CT scanning equipment. INP plans to offer complete turnkey solutions and services to community hospitals and imaging centers that provides the most cost effective coronary diagnostic tool while also providing the best treatment solutions for patients.

Joe Oliverio, President of PET Management Services states "We have one of the most robust cardiac PET patient databases and is preparing to publish manuscripts that will revolutionalize the way coronary disease detection and management is performed for decades to come. By combining Imagin Nuclear Partners strategy to own, operate and administer out-patient medical diagnostic imaging centers together with PET Management Services I see Imagin Molecular Corporation as a leader and developer of PET Molecular Imaging businesses."

About Imagin Molecular Corporation:

Imagin Molecular Corporation strategy and focus dedicated to business opportunities in PET manufacturing and the diagnosis of cancer, heart disease and neurological diseases. Imagin Molecular Corporation has positioned the Company to be a factor in PET and ancillary molecular imaging businesses. Imagin Nuclear Partners is a wholly owned subsidiary of Imagin Molecular Corporation is a full-service joint venture molecular imaging partner that will own, operate and administer out-patient medical diagnostic imaging centers that utilizes PET and PET/CT scanning equipment. PET is an advanced medical diagnostic imaging procedure used by physicians in the detection of certain cancers, coronary disease and neurological disorders including Alzheimer's disease. INP is a cutting-edge company that specializes in using evidence based medicine driven by bioinformatics specifically positioned in the market to provide the maximal cost effective benefit to their joint venture partner and the community. Imagin Molecular Corporation is also the Parent of Cipher Multimedia a new Media Marketing and Distribution Solution Company that provides a Distribution Solution for publishers of digital content. Cipher Multimedia will develop marketing campaigns that will assist Imagin, Positron Corporation and other companies market their products and will continue to provide publishers a distribution solution for digital content.

About PET Management Services:

PET Management Services strategy is to provide strategic planning and implementation services to companies wishing to finance, sell, operate and own Positron Emission Tomography centers. PET Management Services management team has extensive experience in establishing local reimbursement, marketing, operations, radiation safety and research publication. The management team has owned and operated PET centers that have been successful since 1995.

For further information please contact Imagin Molecular Corporation at 630 371 5583

Source: Business Wire

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