TechniScan, Inc. (TSNI)

[FreightShaker]

TechniScan Closes Bridge Financing


Provides Additional Growth and R&D Capital
Biotex Pharma Investments LLC Lead Investor with Participation from TechniScan Directors and Shareholders

SALT LAKE CITY (April 5, 2010) -- TechniScan, Inc.’s (OTC BB: TSNI) a medical device company engaged in the development and commercialization of an automated breast ultrasound imaging system, today announced that it had closed the first $1.85 million of a proposed $2.5 million bridge financing, structured as convertible debt, with accredited investors.

Biotex Pharma Investments LLC served as the lead investor and additional participation came from TechniScan directors and shareholders. Jesup & Lamont Securities Corp. served as the placement agent for the transaction.

”We are pleased to secure this additional capital, enabling us to continue our growth and development plans,” commented David Robinson, TechniScan’s chief executive officer.

Mark Diamond, managing director Investment Banking at Jesup & Lamont, added, “TechniScan represents an exciting company poised to bring a significant technological advancement to the problems of diagnosing breast cancer early and accurately. The company’s innovative technology and deep management team was instrumental in quickly bringing together high quality, accredited investors to complete this transaction.”