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Metiscan, Inc. (PINKSHEETS: MTIZ), a national provider of products and services that streamline the management and operation functions of diagnostic imaging facilities and an operator of two diagnostic MRI facilities, announced today the Company's fourth quarter 2008 achievements.

"During the fourth quarter of 2008, our management team made significant progress in achieving our outlined goals for Metiscan," commented Bryan A. Scott, Metiscan's President and CEO. "Our recent acquisition of two diagnostic imaging MRI facilities, through share-for-share exchanges, in my mind clearly outlines the positive momentum that our Company is experiencing. These acquisitions will help our consolidated entity to have additional cash flow to accelerate our Managed Services IT infrastructure and RIS/PACS software initiatives."

Metiscan's management team accomplished the following goals in the fourth quarter of 2008:

--  Acquired two diagnostic imaging MRI facilities through share-for-share
exchanges. Financial results will be provided subsequently with Pink
Sheets.
--  Renegotiated and received debt forgiveness for long-term liabilities
with the Company's largest unsecured debtor for a total amount of $1.9
million.
--  Upgraded Metiscan's Managed Services IT infrastructure and RIS/PACS
software systems by relocating critical IT infrastructure to a 24/7
generator supported facility having dedicated redundant power and by
migrating all fax systems to 100% digital transmission.
--  Reduced operating expenses by downsizing the Company's office space,
minimizing and eliminating medical, E&O, and P&L insurance monthly
obligations, outsourcing critical business software systems, and
eliminating inefficiencies in the Company's workforce through layoffs of
non-critical personnel.
--  Hiring Iain Shigeoka, Ph.D., as the President & CEO, of Metiscan
Managed Services.  Dr. Shigeoka experience lies in the development,
production, release and management of enterprise software systems.

About Metiscan, Inc.

Metiscan, Inc. is a national provider of products and services that streamline the management and operation functions of diagnostic imaging facilities, radiology groups, in-office imaging groups, small hospitals and physician offices and is an operator of two diagnostic MRI facilities located in Corpus Christi, TX, and Pottsville, PA. Metiscan's keystone product is a web-based radiology information system that interfaces Radiology Information System (RIS), Teleradiology and PACS (Picture Archiving and Communication System) for its clients. Metiscan also provides information management and operations support for diagnostic imaging facilities through complete revenue cycle management, electronic medical records or EMR, medical transcription services and functional training as needed.