VentriPoint Diagnostics Ltd (VPTDF)

[teq0904]

Dear Friend;

Attached is the news release from today. Here is some background:

1. We have installed three VMS+3.0 systems in Western Canada - two in paediatric centres and one in an adult cardiac centre. They are being used clinically on patients, as well as for research to expand its applications. The customers report they are very pleased with the ease of use and analytical results. This is great to hear as we worked very hard to improve the usability of the VMS+3.0.
2. St. Michale's Hospital will be the fourth major cardiac centre to get a VMS+3.0 as it is built passed QC and we can walk it over to them any day now. In addition, the ultrasound technologist there has been helping us with improving the usability and so is fully trained already. They can use it as soon as we can get the IT folks to let us install it. The IT folks at hospitals are always busy and so usually the limiting factor in scheduling an install. We have worked with them before so it should be very soon.
3. We have two more VMS+3.0 systems built and ready to be installed in Eastern Canada - one in a paediatric hospital and one in an adult hospital. We are also expecting an order from another adult cardiac centre.
4. Our sales team was in Europe last week and did many demos. We expect orders from these centres soon, as well.
5. We continue to wait for the FDA response to our submission. Could be any day now.