Molecular Imaging Corporation Signs PET Services Agreement With St. Lukes Mountain States Tumor Institute.

SAN DIEGO -- Idaho Hospital Will Add PET to Imaging Capabilities Offered in Twin Falls 

Molecular Imaging Corporation ("MIC" or the "Company") (OTCBB:MLRI), a leading provider of molecular imaging services to healthcare entities in the U.S., today announced that it has entered into an agreement with St. Luke's Mountain States Tumor Institute (MSTI), to provide Positron Emission Tomography ("PET") imaging services at their Twin Falls, Idaho cancer center.

According to Debbie Kytle, Director of MVRMC Physician Services and MSTI Twin Falls, "Our physicians clearly recognize PET as an essential tool for the diagnosis of cancer. By fusing the PET image with that of a CT scan, they are convinced they can detect and treat cancer with far greater efficiency than by only utilizing the CT scan. When we surveyed the market for a provider of such services, we concluded Molecular Imaging Corporation was the best choice as a strategic partner."

According to Dr. Richard Cambareri, MSTI Medical Oncologist said, "PET represents a major step forward in our staff's ability to find cancer in its earliest stage. We have seen clear examples of where the PET image causes us to alter the course of treatment, telling us that traditional scans are not enough to combat the disease."

"As we continue to grow our business, it is important for the company to be a champion of the technologies that allow physicians, hospitals and patients to take full advantage of PET as the most effective modality in the early detection of cancer," said Paul Crowe, CEO of Molecular Imaging Corporation. "The fusion of CT scans with PET images will greatly accelerate the number of PET scans performed to diagnose cancer. This acceptance will then be a catalyst for explosive growth in PET scans by cardiologists and neurologists, areas where PET has also proven highly effective. We are very pleased that St. Luke's MSTI chose MIC as their partner. They have taken a position of leadership in bringing this technology to the Twin Falls community, and we look forward to working with them."

About St. Luke's Mountain States Tumor Institute

St. Luke's MSTI has been the region's leader in cancer care for more than 30 years. With clinics in Boise, Meridian, Nampa, Twin Falls, Caldwell and Ontario, several Breast Cancer Detection Centers and mobile breast cancer detection services, MSTI is dedicated to providing quality care, close to home. MSTI is a nationally recognized center for cancer management, treatment, education and clinical research. MSTI serves approximately 250 patients each day with more than 2,000 new patients treated last year alone, 159 of which were children. To date, more than 33,000 patients have been treated by the highly trained and caring staff at St. Luke's MSTI.

About Molecular Imaging Corporation

Molecular Imaging Corporation is a leading national service provider of Positron Emission Tomography ("PET") diagnostic imaging services. PET is a 3-Dimensional Full Body molecular imaging procedure used to diagnose, stage and assess treatment outcomes for many cancers, cardiovascular disease and neurological disorders. The Company operates both mobile and permanent (fixed) PET imaging technologies for hospitals, diagnostic imaging centers and physician group practices across the U.S. The Company's clinical web site, www.PETadvances.com, addresses questions about the various cancers and how molecular imaging can assist and benefit physicians and their patients. The Company's commercial web site, (www.molecularimagingcorp.com), addresses questions about our commercial services and investor relations.

Certain statements contained in this press release are "forward-looking statements" within the meaning of applicable federal securities laws, including, without limitation, anything relating or referring to future financial results and plans for future business development activities, and are thus prospective. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified based on current expectations. Such risks and uncertainties include, without limitation, the risks and uncertainties set forth from time to time in reports filed by the company with the Securities and Exchange Commission. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Consequently, future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward the forward-looking statements contained herein. The companies undertake no obligation to publicly release statements made to reflect events or circumstances after the date hereof.