SOURCE: Metiscan

Metiscan

June 24, 2009 14:15 ET

Metiscan Refines Direction of Parent and Managed Services Subsidiary

Introduces FirstView EHR and End-to-End Diagnostic Imaging Service Offering

DALLAS, TX--(Marketwire - June 24, 2009) - Metiscan, Inc. (PINKSHEETS: MTIZ), a holding company focused on growing its organization by making key acquisitions and developing companies and emerging technologies, today announced that the Company has refined the direction of its parent Company and managed services subsidiary. Coinciding with the refinement of the Company's direction, Metiscan Managed Services, Inc. has been renamed FirstView EHR, Inc. to better define the Company's end-to-end IT services for diagnostic imaging facilities.

Metiscan, the parent company, with its newly outlined direction is focused on growing its organization by making key acquisitions and developing companies and emerging technologies. Metiscan is actively seeking acquisition candidates that will add to the Company's overall valuation. Metiscan's management is most interested in pursing technologies and businesses related to mobile products and services. Metiscan has updated its corporate website www.metiscan.com to better reflect its new direction.

Metiscan Managed Services has changed its company name to FirstView EHR, Inc. (FirstView), www.firstviewehr.com. FirstView is focused on providing end-to-end IT services for diagnostic imaging facilities including web-based electronic healthcare records (EHR), workflow efficiency, PACS administration, long-term archiving, professional IT services and strategic consulting. FirstView differentiates itself from its competitors by providing comprehensive IT services in addition to its traditional hosted information management, teleradiology, and archive solution. FirstView enables diagnostic imaging facilities to focus on providing high quality patient care, increasing productivity, while reducing operating expenses.

Bryan A. Scott, President & CEO of Metiscan, Inc., commented, "These changes put Metiscan in a better position to expand its organization and increase its valuation. We have sharpened our focus and our subsidiary's focus."

Iain Shigeoka, Ph.D., President & CEO of FirstView EHR, Inc., a wholly owned subsidiary of Metiscan, further added, "I believe the direction that FirstView EHR has chosen is more in line with our customers needs. Based on feedback from our customers and potential customers, we are now directly addressing their largest concerns with supporting electronic health records. Diagnostic imaging centers specialize in tending to patient care, not IT or electronic health record storage and retrieval. That's where we step in and deal with all of the IT headaches and maintenance so our customers can focus on their business."

About Metiscan, Inc.

Metiscan, Inc. is a holding company focused on growing its organization by making key acquisitions and developing companies and emerging technologies. Previously, Metiscan had been focused on healthcare related businesses and is currently pursuing acquisitions and opportunities related to healthcare and non-healthcare mobile products and services.

Metiscan operates FirstView EHR, Inc., a wholly owned subsidiary, that provides end-to-end IT services for diagnostic imaging facilities including web-based electronic healthcare records (EHR), workflow efficiency, PACS administration, long-term archiving, professional IT services and strategic consulting. Metiscan also operates Schuylkill Open MRI, Inc., a majority owned subsidiary that is an independent diagnostic testing facility (IDTF) providing Magnetic Resonance Imaging (MRI) services.

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.

Contact Information