Swissray And Lake Erie Regional Cooperative Ink DR Agreement

ELIZABETH, N.J., Dec. 14 /PRNewswire-FirstCall/ -- Swissray International has signed a Sole Source Corporate Capital Agreement with Lake Erie Cooperative in Toledo, Ohio for digital radiography products and services.

Under this agreement Lake Erie Cooperative, consisting of 25 acute-care members, over 400 physician practices, and a number of non-acute care organizations have pooled their purchasing power to gain special access to Swissray's popular and proven line of digital radiography solutions.

The agreement with Swissray was approved by members of the LERC Radiology Directors council. According to Russ Ede, C.P.M., LERC Contract Manager, "Swissray rated high for quality, price and customer satisfaction, which are key components to our established criteria for vendor selection." He also added that, "Our members are very interested in the capabilities of digital technology."

Said John Monahan, Swissray VP of Corporate Accounts: "This is a wonderful opportunity for Swissray to demonstrate the unique advantages that a modality specialist can provide to an alliance as diverse and technologically advanced as the Lake Erie Regional cooperative. Both LERC and Swissray have developed reputations synonymous with quality. We look forward to this opportunity to work with the prestigious Lake Erie Regional Cooperative. I am extremely pleased to see Swissray's strategy of contracting directly with Independent Delivery Networks delivering tremendous benefits to both the Delivery Networks and their members."

About the Lake Erie regional Cooperative

Based in Toledo, Ohio, LERC was formed as sub-chapter T purchasing cooperative by the members of the Lake Erie Health Alliance (LEHA) in 1996.

Members in Ohio and Michigan joined forces to improve the delivery of healthcare, and reduce overall costs by combining purchasing power. LERC consists of 25 acute-care members, over 400 physician practices, and a number of non-acute care organizations. The flagship health system for LERC is ProMedica Health System, a $1.2 billion healthcare integrated delivery network. The Lake Erie Regional Cooperative offers over 75 competitive contracts, including a growing diagnostic imaging portfolio, which has enabled the members to save over 10 Million in its first seven years of operation. You can visit LERC a .

By phone you may contact LERC at (419) 291-2223. About Swissray

Swissray is the leading supplier of direct digital Radiography ddR technology commended by Frost & Sullivan for superior product value and design excellence. Swissray's ddR technology provides highest quality medical radiographic images in seconds and at a significantly lower cost than conventional or computed radiography because, among other factors, film, imaging plates, cassettes and chemical processing are not required.

Swissray has installed ddR systems around the globe in such diverse markets as the USA, Canada, Europe, Middle East, Africa, Asia and Latin America. For more information visit the Swissray website at

This release contains certain forward-looking statements which involve known and unknown risks, uncertainties or other factors not under the company's control which may cause actual results or performance achievements of the company to be materially different from the results, performance or expectations implied by these forward-looking statements. These factors include, but are not limited to, those detailed in the company's periodic filing with the Securities and Exchange Commission.

"Safe Harbor Statement" Under the Private Securities Litigation Reform Act of 1995 Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of Swissray officials during presentations about Swissray, are "forward- looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act").

These statements are not guarantees of future performance and Swissray has no specific intention to update these statements. More detailed information about those factors is contained in Swissray's filings with the Securities and Exchange Commission.

CONTACT: John Monahan Swissray International, Inc. (908) 353-0971 x112

Swissray International

CONTACT: John Monahan of Swissray International, Inc., +1-908-353-0971,ext. 112,

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