Imaging Dynamics Corporation Announces Conditional Sale of Six Xplorer Units.

Business Editors

CHICAGO--(BUSINESS WIRE)--Nov. 29, 2000

Imaging Dynamics Corporation (CDNX:ID.) is pleased to announce that it has entered into a letter of intent with MEVA bildgebende Systeme GmbH & Co. (MEVA), a German company, for the sale of six Xplorer 1700 digital radiography units.

Each unit will include an acquisition workstation. The Xplorer units will be priced at $US 150,000 each, less applicable manufacturer discounts since MEVA is purchasing the units as a dealer. All units are being purchased by MEVA for resale in Germany.

The letter of intent is conditional, being subject to certain requirements, including, but not limited to, the parties entering into a formal, definitive agreement, IDC receiving the appropriate CE mark for European certification and receipt of all necessary regulatory approvals.

MEVA represents a consortium of 17 dealers, including 12 in Germany, 3 in Austria and 2 in Switzerland. The German component of the consortium includes 85 sales, marketing and technical support employees. Their focus is on the medical imaging market, specifically general radiography.

Axel Wirkotsch, General Manager of MEVA, said, "We are very excited to introduce IDC's Xplorer product into the German market. MEVA believes that the European market is now ready to accept digital radiography, particularly at the price of IDC's Xplorer product."

Darryl Stein, Vice President of Sales of IDC, commented, "This is an excellent opportunity for IDC to enter the European market and we hope that the relationship with MEVA will expand over time."

IDC's Xplorer system is an affordable, efficient high-resolution digital radiography detector system that replaces the need for film in general human diagnostic imaging. It uses a CCD (charge coupled device) camera system to capture a digital x-ray image. IDC believes that its product provides a price-to-performance ratio superior to competitive products. As a digital capture device, the Xplorer enables a much larger vision for the health industry and is suitable for upgrading existing radiology facilities. Imaging Dynamics has Health Canada approval and U.S. Food and Drug Administration (510K) marketing clearance for its technology. IDC is based in Calgary, Canada. Additional information is available on the web at www.xrayimaging.com.

Statements in this release which describe IDC's intentions, expectations or predictions, or which relate to matters that are not historical facts are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties which may cause the actual results, performances or achievements of IDC to be materially different from any future results, performances or achievements expressed in or implied by such forward-looking statements. IDC may update or revise any forward-looking statements, whether as a result of new information, future events or changing market and business conditions. Known and unknown risks and uncertainties include: the early stage of commercialization of IDC's products; the infancy of the digital radiography industry in general; IDC's ability to manufacture its products with a sufficient level of quality and in volumes which satisfy market demand; the ability of IDC to establish direct and indirect sales channels; the ability of IDC to establish industry partnerships; IDC's ability to attract and retain key personnel; the strength and breadth of IDC's patents; and other factors relating to general economic conditions, specific industry conditions and IDC's particular situation.

The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this information.