SOURCE: Alliant Diagnostics, Inc.

March 13, 2007 17:18 ET

Alliant Diagnostics, Inc. Provides Financial Results for Fiscal Year 2006

BOCA RATON, FL -- (MARKET WIRE) -- March 13, 2007 -- Alliant Diagnostics, Inc. (PINKSHEETS: ALNA), a rapidly growing national provider of background and drug screening services, announced today that fiscal year ended December 31, 2006 revenues on an unaudited basis were approximately $3,390,496.93 up from $2,956,923.36 reported for year ended December 31, 2005 with a net operating loss of approximately $496,669.29 compared to a net operating loss of $149,816 in fiscal year ended December 31, 2005.

Increases in Background Check and Drug Screening services were the primary reason for increases in overall revenues. Increases in sales and general administrative expenses accounted for the overall increases in losses from 2005 to 2006. Expenses related to additional sales staff, marketing and software development accounted for the primary increase in sales and general administrative expenses.

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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