SOURCE: Alliant Diagnostics

October 19, 2007 14:42 ET

Alliant Diagnostics, Inc. Provides Revenue Guidance for 3rd Quarter 2007

BOCA RATON, FL--(Marketwire - October 19, 2007) - Alliant Diagnostics, Inc. (PINKSHEETS: ALNA), a rapidly growing provider of hiring and risk management services, announced today that third quarter revenues for 2007 on an unaudited basis will be approximately $1,116,003.10, which would represent an increase of 28% year over year, and 9% from the previous quarter. The Company's third quarter net income was estimated to be approximately $11,279.08 compared with a loss of $124,822 in the third quarter of 2006. The Company reported that increases in revenues and profits were primarily related to the growth in the customer base.

Primary fiscal 3rd quarter 2007 financial guidance assumptions highlights include:

--  Gross profit margin was 37%
--  39 new accounts signed
--  Launched proprietary web and email based Background Release Form
    System
--  Launched proprietary web-based Applicant Tracking Software
    

About Alliant Diagnostics, Inc.

Alliant Diagnostics provides background checks and drug tests to employers who want fast, cost-effective, and compliant screening services. Alliant Diagnostics combines multiple service offerings, technology, and industry expertise to help companies develop best-practice screening solutions and manage the employee life cycle. Our specialty is helping companies create prescreening solutions that save time and money. Our web-enabled technology and FCRA compliant processes ensure that clients receive improved turnaround times, hire the best candidates, reduce legal risks and maximize financial savings.

This press release contains forward-looking statements. All statements other than statements of historical fact included in this press release, including, without limitation, statements under "Risk Factors" and "Business" regarding our anticipated financial position, business strategy and plans and objectives of our management for future operations, are forward-looking statements. When used in this press-release, words such as "anticipate," "believe," "estimate," "plans," "expect," "intend" and similar expressions, as they relate to Alliant or our management, identify forward-looking statements. Any forward-looking statements are based on the beliefs of our management as well as assumptions made by and information currently available to our management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, such as those disclosed below, including, but not limited to, our plans to develop our products and develop sales, marketing, finance and administrative functions, dependence on major clients, competitive factors and pricing pressures, changes in legal and regulatory requirements, general economic conditions and our planned use of the proceeds of this Offering. Any forward-looking statements reflect our current views with respect to future events and are subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. All subsequent written and oral forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by this paragraph.

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