CLIX Announces Agreement With Medical Management Concepts To Install Multiple New Diagnostic Imaging Sites.

WAYNE, Pa.--(BUSINESS WIRE)--Nov. 4, 1998--Cardiovascular Laboratories Inc. (OTC BB:CLIX) CLIX has announced it has entered into a marketing agreement with Medical Management Concepts Inc., an affiliate of Nuclear Imaging Systems Inc. headquartered in Malvern, Pa.

Nuclear Imaging Systems Inc. operates twelve fixed site nuclear cardiology imaging centers in Pennsylvania, New Jersey, Maryland and Delaware, and operates mobile nuclear cardiology units in New York, Ohio, West Virginia and North Carolina.

Under the terms of the agreement, Medical Management Concepts will market CLIX vascular and echocardiographic ultrasound imaging services into locations operated by Nuclear Imaging Systems Inc.

CLIX currently operates eleven fixed site imaging locations and anticipates being able to open an additional twelve to fifteen locations through the new agreement, more than doubling the number of sites now under management. Each new site is expected to generate $300,000 to $500,000 of annualized revenue.

Timothy Cunningham, chairman of CLIX stated "We are enthusiastic about this new partnership which could double the size of CLIX using a business model that we expect will substantially increase our per study margins by as much as $40 to $50 per procedure." During 1998, CLIX expects to perform approximately 15,000 studies.

Jeffrey Mandler, CEO of Nuclear Imaging Systems characterized the agreement as a "win-win" arrangement stating, "CLIX provides a high level of clinical quality in an area that complements our nuclear services. This agreement will go a long way in helping us build a seamless network of comprehensive services in the cardiovascular medical market."

For further information contact:

CLIX Timothy W. Cunningham phone [phone] e-mail [e-mail]

Brennan Dyer & Company, LLC Jim Brennan or Doug Dyer phone [phone] e-mail [e-mail]

When used by the Company in this report and elsewhere from time to time, the words, "estimates," "believes," "anticipates," "expects" and similar expressions are intended to identify forward-looking statements concerning the Company's operations, economic performance, financial condition including, in particular, the likelihood of the Company's success in developing and expanding its business.

Forward-looking statements are based on a number of assumptions and estimates which are inherently subject to uncertainties and contingencies beyond the control of the Company and reflect business decisions which are subject to change. A variety of factors could cause actual results to differ materially from those anticipated in the Company's forward-looking statements.