Paradigm Medical Industries Introduces New Software for P60 UBM Device.

SALT LAKE CITY -- Paradigm Medical Industries, Inc. (OTCBB: PMED.OB/PMEDW.OB), a leading innovative producer of ultrasound devices for the ophthalmic and medical industries, announced today the introduction and release of a new software package for the P60 Ultrasound BioMicroscope (UBM). Dubbed V2.1, the software has been installed at Massachusetts Eye & Ear Infirmary.

The V2.1 software incorporates greater image resolution, a very user-friendly and robust database management system and networking capabilities that allow the patient image data to be transferred within a user's network for efficient patient record management. Software distribution for in-service P60 UBM upgrades will be available worldwide by the end of this month.

The P60 UBM is Paradigm Medical's fourth-generation device that is a sophisticated microprocessor-based, multi-frequency Ultrasound BioMicroscope that allows practitioners to acquire and view high-resolution images of the anterior segment of the eye. The P60 is used for imaging of vital structures of the eye, primarily the anterior chamber of the eye. Imaging of the anterior chamber angle is one of the principal areas studied in the detection of closed angle glaucoma pathologies and related surgical filtering. The P60 UBM has been approved by regulatory agencies in the United States, Canada, Western Europe, Middle East, South America, and most of the Pacific Rim.

"The V2.1 truly surpasses anything that is already in the market today," said Paradigm Medical's Chief Executive Officer, Raymond Cannefax. "I am extremely satisfied and excited about the functionality and the greatly enhanced features the V2.1 software provides. As the leader in ultrasound biomicroscopy, it is only fitting that Paradigm Medical provides the most robust software available to meet the demands of the industry. The P60 UBM is obviously the Gold Standard, as was the case with the Company's versions of the P40 and P45 UBMs."

The V2.1 software was developed by the optic and engineering group at Reliacon Global, Inc. (San Ramon, CA), as part of a partnership with Paradigm Medical that was formed earlier this year. A beta version of the software has been in use at the University of California at San Diego, Hamilton Glaucoma Center and at the Bascom Palmer Eye Institute (Miami, FL). The final version of the software will be loaded onto the P60s at those two facilities as well as onto the UBM at the University of California, San Francisco, by midyear. All P60 customers using Paradigm Medical's original V1.6 version of the software will receive upgrades at no cost.

Paradigm Medical Industries, Inc. (Salt Lake City, UT), currently develops, manufactures and markets high-tech, proprietary diagnostic equipment and consumable products for the medical industry. The Company is a leading developer of Ultrasound devices, and has been dubbed "The UBM Company" (Ultrasound BioMicroscope). Contact us at 801-977-8970 or visit us at www.paradigm-medical.com.

This press release contains statements that, if not verifiable historic fact, may be viewed as forward-looking statements that could predict future events and outcomes with respect to Paradigm and its business. The predictions embodied in these statements will involve risk and uncertainties and, accordingly, actual results may differ significantly from the results discussed or implied in such forward-looking statements.