SOURCE: Metiscan

July 22, 2011 12:06 ET

Metiscan Completes Acquisition of Aclor, Inc.

Divests Current Subsidiaries; New Management Team Appointed

DALLAS, TX--(Marketwire - Jul 22, 2011) - Metiscan, Inc. (PINKSHEETS: MTIZ) today announced that it has acquired sixty percent, or a majority, of Aclor, Inc., a Laredo, Texas-based Company, in a stock-for-stock exchange transaction. Simultaneously with the closing, all of Metiscan's equity ownership in Taptopia, Inc., Shoreline Employment Services, Inc., FirstView EHR, Inc. and Schuylkill Open MRI, Inc. has been divested to the Company's majority shareholder in exchange for it returning 100% of its Series C Preferred Shares (7,500,000,000 common shares) to Metiscan's treasury. Metiscan's board of directors and officers has resigned.

Aclor, Inc. is an international manufacturer and supplier of private label paper products. Aclor's customers include some of the most recognized and reputable office supply mass retailers worldwide and also include the largest consumer and office retailer in the United States. Aclor produces composition notebooks, spiral notebooks, wireless notebooks, and filler paper in its factory located in Nuevo Laredo, Tamaulipas, Mexico.

Aclor's executive management team is comprised of successful managers and operators within the paper industry. Aclor's executive management team has been appointed as the new directors and officers of Metiscan. Mr. Curtis Gung will serve as a director and as Metiscan's new President and CEO. Mrs. Midori Chiu will serve as a director and as the Chief Financial Officer. Mr. Peter Yang will serve as the Chief Operating Officer.

"We look forward to the potential Aclor brings to the future of Metiscan and the value we believe it will provide to our shareholders," commented Bryan A. Scott, the former President & CEO of Metiscan, Inc. "Aclor has a history of working with a sustainable, reputable customer base. In the first six months of 2011 Aclor has already exceeded $12M in gross sales."

"We are excited about becoming part of Metiscan," commented Curtis Gung, President & CEO of Aclor, Inc. "We look forward to continuing our growth and expanding into new product lines."

Safe Harbor Statement: Certain of the statements made in this press release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause Metiscan's actual results to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. In addition to statements that explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "intends," "anticipates" or "plans" to be uncertain and forward-looking. The Company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.

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