St. Joseph's Hospital and Medical Center, New Jersey, Offers New Molecular Imaging Service.

Business Editors & Health/Medical Writers

SAN DIEGO--(BW HealthWire)--March 16, 2001

Mobile P.E.T. Systems Inc. ("Mobile PET") (OTCBB:MBPT), a national service provider of "positron emission tomography" (PET) a molecular imaging procedure, welcomes St. Joseph's Hospital and Medical Center, Paterson, New Jersey (St. Joseph's).

St. Joseph's Hospital and Medical Center is a member of Mount Sinai Health System. Founded in 1867 by the Sisters of Charity and one of the largest medical centers in New Jersey.

Paul Crowe, president and CEO of Mobile PET, said, "We are please to be providing service to St. Joseph's a hospital with advanced diagnostic technology, physicians and nurses at the top of their profession, and a reputation for clinical excellence ranked among the best in the world. Molecular Imaging is contributing to a newer vision of medicine."

Jeffrey J. Plutchok, M.D., division chief of nuclear medicine at St. Joseph's, said, "PET scanning has become one of the most exciting and talked about technology in radiology and nuclear medicine circles. We are receiving more inquiries for PET scanning from referring physicians, patients and even insurance companies than ever before. Now that there are Medicare-approved indications, including evaluating patients with lung, colon, lymphoma, melanoma and hopefully soon selected head and neck cancer, physicians are more than ever seeking scans for their patients. After polling some our referrals that have used PET scanning we found that this technology changed their clinical management in 30 to 40 percent of the time. Thus, some patients were spared unnecessary surgery as well as in some situations benefited from aggressive surgery.

"Mobile PET will allow us to quickly provide this technology to our patients without significant outlay of expenses and will provide us with experienced technologists, physics support and aggressive marking. After meeting with multiple competing mobile PET companies, we found this company to be extremely responsive and accommodating to our institutional needs. More importantly, our hospital has the opportunity to assess the true demand for PET scanning after 'all the dust settles.' The competition for patients, indications for PET scanning, future reimbursements, competing non-nuclear developing technology, as well as developing hybrid imaging devices using simultaneous CAT scanning and PET scanning are all variables that will impact on when and what type of fixed imaging our hospital will need into the future."

About Mobile P.E.T. Systems

Mobile P.E.T. Systems Inc. is a national service provider of positron emission tomography (PET), a molecular imaging procedure. The company provides a comprehensive approach to developing PET services through mobile, dedicated facilities and radiopharmaceutical production facilities. Mobile PET is a highly experienced organization in all aspects of developing and implementing this molecular imaging service.

For information: 619/226-6738

For Investor Relations: Leonard MacMillan, [e-mail]

Internet: www.mobilepet.com

Trading Symbol: "MBPT"

Certain statements contained in this press release may be "forward-looking statements" within the meaning of the Private Securities Legislation Reform Act of 1996, including, without limitation, anything relating or referring to financial results and plans for future business development activities, and are thus prospective.