Medical Device Technologies Inc. Signs Letter of Intent With an Internet Enabling Diagnostic Imaging Software Company.

SAN DIEGO--(BUSINESS WIRE)--July 28, 1999--

Medical Device Technologies Inc. (OTCBB:MEDD) announced today the signing of a Letter of Intent to acquire up to a 40% equity/asset interest in Total Medical Information Management Systems (TIMS) in exchange for common stock of MEDD and other consideration to be finalized in a definitive agreement.

This Letter of Intent, which is non-binding, is subject to due diligence by both parties and final approval by both Boards of Directors.

TIMS develops proprietary software products targeted to three presently identified markets including teleradiology, hospital Web browsers, and an Internet interface for PACS (pictorial archival communication system). The TIMS system uniquely provides a common digital connection for different manufacturer's diagnostic imaging equipment within a hospital or other healthcare network for more efficient storage and secured retrieval by physicians from anywhere that the network can be accessed.

"This technology will enable hospitals or doctor groups to post various MRI, CT and other diagnostic images to the Internet, eliminating the need to do a direct transmission to a predetermined location," stated Don Beavers, president of TIMS. The doctor "on call" will then only need to log on to the Internet and query the hospital address to view the images. They will no longer be tied to the "umbilical cord," as one doctor put it.

M. Lee Hulsebus, chairman of Medical Device Technologies Inc. stated, "We are very excited about this technology. It gives the company the ability to participate in the rapid changes the Internet is providing throughout all segments of industry. This application which we intend to use to facilitate the readings of MRI scans throughout our present MRI Centers, as well as new centers as we grow our business, will enhance our services beyond what is presently available today."

This news release contains forward-looking statements regarding the company and its businesses. These forward-looking statements are based largely on the company's expectations and are subject to a number of risks and uncertainties, certain of which are beyond the company's control. The company undertakes no obligation to publicly release the results of any revision to these forward-looking statements which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.