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PARK MEDITECH ANNOUNCES AGREEMENT BY INDEPENDENT SCINTILLATION

 PARK MEDITECH ANNOUNCES AGREEMENT BY INDEPENDENT SCINTILLATION
 TORONTO, Aug. 18 /PRNewswire/ -- Park Meditech Inc. (Electronic Bulletin Board Symbol: PMDTF) announced today that Independent Scintillation Imagining Systems (ISIS) Inc., in which Park Meditech currently holds a 34 percent interest which will rise to 39 percent, has signed an agreement with a major American manufacturer of medical equipment which calls for the American company to acquire a 34 percent equity interest in ISIS and will have exclusive distribution rights to ISIS' nuclear imaging camera for the United States, the Peoples Republic of China, and the countries comprising the former Soviet Union. The distribution will be handled by a newly formed American corporation in which the American medical manufacturer holds a 51 percent interest and ISIS a 49 percent interest.
 ISIS has developed a fully digital, rectangular field of view, nuclear imaging camera for SPECT and whole body applications. The ISIS camera generates substantially better image resolution and allows for up to twice the patient throughout of conventional analog cameras in addition to exceeding all NEMA specifications. Because of these superior specifications, ISIS expects to quickly achieve significant market share in the nuclear imaging camera market.
 The world market for nuclear medical imaging cameras is well over $1 billion, with approximately 1,900 systems sold per year. The American market accounts for 50 percent of sales.
 The company is contractually bound not to identify the American medical manufacturer which has invested in ISIS.
 Park Meditech Inc., a Toronto-based company, is also traded over the counter on the Canadian Dealing Network System in Canada under the symbol PMED. Park Meditech Inc. is a medical technology management company with an emphasis on medical imaging. In addition to ISIS, Park Meditech's primary investments also include a 100 percent interest in Bartec Medical Systems Ltd. (Bartec) of London. Bartec is a well established United Kingdom company providing specialized medical imaging workstations for nuclear medicine and radiotherapy treatments as well as a complete organization to service such equipment. Bartec also has exclusive rights to distribute ISIS's nuclear medical camera in Europe.
 -0- 8/18/92
 /CONTACT: Sheldon Inwentash of Park Meditech, 416-974-9349, or Michelle Sotnikow of Howard Bronson & Company, 212-867-6160, for Park Meditech/
 (PMDTF) CO: Park Meditech Inc.; Independent Scintillation Imagining Systems ST: Ontario IN: HEA SU: TNM


LR-PS -- NY035 -- 0920 08/18/92 11:40 EDT
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Publication:PR Newswire
Date:Aug 18, 1992
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