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MKI The Medipattern Corp.

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Share Name Share Symbol Market Type
The Medipattern Corp. TSXV:MKI TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Medipattern Volume Significantly Increases Over Last Quarter

10/10/2012 2:00pm

Marketwired Canada


Attention: Business/Financial Editors

The Medipattern Corporation ("Medipattern") (TSX VENTURE:MKI), announced today
that Visualize:Vascular(TM) was used to render 3D on 1,243 carotid artery exams
during the quarter starting in July 2012 and ending in September 2012, a 63%
increase over the prior quarter. Medipattern focuses on the development and
commercialization of healthcare solutions that positively impact people's lives
through the prevention of disease and analysis of medical images and data.
Visualize:Vascular(TM) is the fee-per-use solution for 3D rendering of carotid
arteries. The company reports it is continuing to expand its customer base to 46
customers who have a combined total of 272 sites or mobile units.


The company's iaHealth Business Unit has been focusing its sales effort toward
the mobile segment. Mobile ultrasound is an increasingly attractive alternative
to in-house services. A vascular ultrasound service company provides skilled
technologists and ultrasound equipment bundled as a service to physician
offices, outpatient centers, specialty care centers and convalescent care
facilities. Visualize:Vascular is now part of the product offering for several
ultrasound service providers: AR Testing in New York, Mobile Diagnostics and
Testing (MD&T) in New Jersey, Prime Diagnostics in New York, and Rapid Access
Medical in New York.


"Mobile Service Providers are known as Independent Diagnostic Test Facilities
(IDTF). To add a new procedure, such as 3D rendering, to our offering we have to
receive state approval for all of the states in which we operate. We just
received clearance from the State of New York in August," commented Scott Sokul
president of AR Testing. "The benefits of using 3D are very rewarding.
Visualize's 3D results give us more help to better understand luminal integrity
than conventional Doppler ultrasound. 3D gives you more detail than 2D - it is
as simple as that."


"Medipattern is pleased that Visualize has been shown to make a positive impact
for the patients in the practices which mobile ultrasound providers serve.
Mobile ultrasound providers once approved can add significantly to our total
volume of business, with customers ranging from 500 to 5,000 carotid scans per
month," commented Jeff Collins, CEO of Medipattern. "Our mobile customers are
beginning to receive their approvals and should start to add into our total scan
volume in the coming quarters and can make a significant impact on Medipattern's
volume. We welcome them to our customer family." 


About the Medipattern Corporation:

Medipattern(R) is an award-winning leader in the development and
commercialization of healthcare solutions that positively impact people's lives
through the prevention of disease and analysis of medical images and data.
Medipattern's Knowledge-based Informatics (MKI) platform enables delivery of
these streamlined solutions. Medipattern mHealth uses patented prevention
technologies to engage, coach and monitor people in achieving their personalized
goals. Medipattern iaHealth uses patented pattern recognition technology to
analyze medical data to aid medical practitioners in the assessment of disease
and critical anatomy. For more information, please visit the Company's website:
www.medipattern.com.


Medipattern(R) and B-CAD(R) are registered trademarks of The Medipattern
Corporation. Visualize:Vascular(TM) is a registered trademark of Medipattern and
SMARTCOACH(TM) is a trademark of MYTRAK Health Systems and will be under
temporary license to Medipattern while the company reviews branding.


Forward-looking statements

This document contains forward-looking statements relating to Medipattern's
performance, operations, or business environment. These statements are based on
what we believe are reasonable assumptions given currently available information
and our understanding of Medipattern's current activities. We have tried,
whenever possible, to identify these forward-looking statements using words such
as "anticipates," "believes," "estimates," "expects," "plans," "intends,"
"potential," and similar expressions. Forward-looking statements are not
guarantees of future performance and involve risks and uncertainties that are
difficult to predict or control. A number of factors could cause actual outcomes
and results to differ materially from those expressed in forward-looking
statements. These factors include but are not limited to those set forth in the
Company's corporate filings, (posted at www.sedar.com). These factors should be
considered carefully, and readers should not place undue reliance on
Medipattern's forward-looking statements. In addition, these forward-looking
statements relate to the date on which they are made. The Company disclaims any
intention or obligation to update or revise any forward-looking statements for
any reason. Readers should not rely on forward-looking statements.


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