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Updated: July 8th, 2008 05:26 PM CDT

Imaging Diagnostic Systems Selects M Squared Associates to Monitor Clinical Trials

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M Squared Associates was founded in 2001 to specifically serve the clinical and regulatory needs of the medical device industry. The company specializes in bringing medical devices to market.

The CTLM(R) system is the first patented breast imaging system that utilizes state-of-the-art laser technology and patented algorithms to create 3-D cross-sectional images of the breast. It is a non-invasive, painless examination that does not expose the patient to radiation or require breast compression. Imaging Diagnostic Systems has received CE Marking, CMDCAS( Canada ), Canadian License, China SFDA approval, UL listing, ISO 9001:2000-13488 certification and FDA export certification for its CT Laser Breast Imaging system. The Company is seeking PreMarket Approval (PMA) from the Food and Drug Administration (FDA) for its CTLM(R) system to be usedas an adjunct to mammography.

Please visit Imaging Diagnostic Systems' website at: http://www.imds.comfor additional information.

In conjunction with the provisions of the Safe Harbor section of the Private Securities Litigation Reform Act of 1995, this news release may contain forward-looking statements pertaining to future anticipated projected plans, performances and developments, as well as other statements relating to future operations. All such forward-looking statements are necessarily only estimates of future results and there can be no assurance that actual results will not materially differ from expectation. Further information on potential factors that could affect Imaging Diagnostic Systems, Inc., is included in the Company's filing with the Securities Exchange Commission.

Investor Relations: Rick Lutz 404-261-1196 lcgroup@mindspring.com

SOURCE Imaging Diagnostic Systems, Inc.


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