SOURCE: Axcess Medical Imaging

August 11, 2008 15:15 ET

New Medical Center Set to Open in North Port Will Provide Necessary Jobs and Services to the Community

NORTH PORT, FL--(Marketwire - August 11, 2008) - Axcess Medical Imaging Corporation, headquartered in Sarasota, with centers in Venice, Bradenton and Sarasota, continues their expansion with a new 55,000 square foot Axcess Medical Center scheduled to open in the next 18 months next to the new Publix on Toledo Blade in Northport, FL.

This medical office building, like its predecessor at 600 N. Cattlemen Rd. in Sarasota, will be home to a state-of-the-art Axcess Diagnostic Medical Imaging Center. Known for exemplary customer service, advanced technology and ease of scheduling, Axcess is the area's largest and leading provider of diagnostic imaging, including open MRI, 64-slice CT scanner and PET scans.

In addition to the Imaging Center, the medical office building, already 85% leased, will provide an Extended Hours Urgent Care Center and be the first in North Port to house both primary care physicians and specialists from three area hospitals.

"These are very exciting times for the company. We are delighted with our expansion in the opening of this new facility, and the opportunity to provide both a much needed medical complex as well as necessary jobs and services to the residents of the North Port community," says Stephen Miley, MD, Founder and CEO of Axcess Medical Imaging. "The company recently completed a reverse merger into a public entity in order to provide access to additional capital, which will support the company's planned growth over the next several years. That growth includes strategic acquisitions and organic growth in its existing centers as well as building new centers in conjunction with hospital Joint Ventures."

About Axcess Medical Imaging:

Axcess Medical Imaging is a 5-year-old company located in Sarasota, Florida with state of the art imaging centers in Sarasota, Bradenton and Venice. The company provides CT, MRI, PET scans Digital Mammography, Bone Density X-Ray, and Ultrasound outpatient services in Sarasota and Manatee counties.

This press release contains certain forward-looking statements based on Axcess Medical Imaging's current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements include statements regarding the Company's expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "will," and "would" or similar words and include statements regarding the anticipated timing and benefits to the Company of the credit facility and the anticipated retail roll out of the Company's products. Forward-looking statements in this release are based on information available to the Company as of the date hereof. The Company's actual results may differ materially from those stated or implied in such forward-looking statements due to risks and uncertainties associated with the Company's business, which include the Company's ability to execute its business strategy and the other risk factors disclosed in the Current Report on Form 8-K filed with the Securities and Exchange Commission on June 18, 2008. The Company assumes no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

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