Imaging3 Announces Investment of More than $1.75 Million

BURBANK, California -- June 17, 2004 -- Imaging3, a leading provider of advanced technology medical imaging devices, announced today that the Company has raised $1,750,000 in equity capital through a private offering to accredited investors.

The private offering is the first step in the Company's plan to be public. In a conventional IPO, a company files a registration statement with the SEC to register shares of stock that will be sold to investors to allow resale, once the SEC approves the registration statement. The length of time to complete the registration process and the restriction against selling securities during the registration process create a burden for small companies seeking to go public. To overcome this challenge, Imaging3 has chosen to sell unregistered shares of stock to accredited investors first, then file a registration statement with the SEC for the shares that have been sold.

Once the registration has been declared effective, the Company plans to ask an NASD broker-dealer/market maker to file a Form 211 with the NASD so that its registered shares may be freely traded on the Over the Counter Bulletin Board market.

The Company's 3D, real time medical imaging technology is a breakthrough that will allow healthcare workers to instantly view high resolution images of virtually any part of the human body in three dimensions.

Imaging3 Technology has enormous potential to contribute to the improvement of healthcare. 3D images will be instantly constructed using high-resolution fluoroscopy and can be used as real time references for any current or new medical procedures in which multiple frames of reference are required to perform medical procedures on or in the human body. Imaging3 Technology has extraordinary market potential in an almost unlimited number of medical applications, including, trauma center, cardiology, pain management, neuro-vascular, orthopedic and vascular.

By increasing throughput while increasing diagnostic and clinical accuracy, Imaging3 Technology becomes an attractive new technology that will provide healthcare centers with a high return on investment.

About Imaging3, Inc.

Imaging3, Inc., founded in 1993, is a leading provider of advanced technology medical imaging devices. The Company is the largest remanufacturer of C-arms in the world. A C-arm is an integral component of a fluoroscopic imaging system used for various types of surgery. The Company offers new, demo, remanufactured, refurbished and pre-owned systems in all price ranges from every major manufacturer including OEC, GE, ISI, Philips, Siemens, FluoroScan, XiScan and Ziehm. For more information on Imaging3, Inc., visit the Company's Web site at www.Imaging3.com or call (818) 260-0903.