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Sagemark Expands PET Imaging Portfolio.

New PET/CT at Rockville Centre, NY Facility

NEW YORK -- The Sagemark Companies Ltd. (OTCBB:SKCO), a national owner and operator of positron emission tomography (PET) and PET and computed tomography (PET/CT) medical diagnostic imaging centers, today announced that it has expanded operations at its Rockville Centre, New York PET imaging facility with the addition of a new 16 slice PET/CT imaging system.

The new Siemens Biograph[TM] imaging system combines advanced PET and CT imaging technology to create an evolutionary new diagnostic imaging system. As the patient undergoes a scan in this state-of-the-art imaging system, the anatomically detailed information obtained from a CT scan is merged with the biological function recorded by the PET scanner to form not merely a photograph, but a biograph - an image that records living tissues and life processes.

The new PET/CT is the eighth medical diagnostic imaging system to be installed at the Company's seven PET imaging centers. "Our Rockville Centre, New York PET imaging facility has provided comprehensive PET imaging services to the Long Island medical community for four years," stated Michael Fagien, M.D., Chief Medical Officer of The Sagemark Companies Ltd. "Expanding our medical diagnostic imaging capabilities at our Rockville Centre imaging facility with the addition of this state-of-the-art PET/CT system will enhance our ability to continue to offer high-quality services and deliver cost-effective medical imaging," concluded Dr. Fagien.

About The Sagemark Companies Ltd.

The Sagemark Companies Ltd. owns, operates and administers outpatient medical diagnostic imaging centers that utilize positron emission tomography (PET), and PET and computed tomography (PET/CT) imaging equipment. PET is an advanced medical diagnostic imaging procedure used by physicians in the detection and staging of certain cancers, coronary disease and neurological disorders including Alzheimer's disease. One toll-free phone call routes callers to any of the Company's seven imaging centers: 866.WE SEE FURTHER (866.937.3338)

Forward Looking Statements

This press release contains forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. These statements involve risks and uncertainties that could cause actual results to differ materially from those projected.
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Publication:Business Wire
Date:Nov 14, 2006
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