Healthnostics Announces Spin-Off Of MedBioWeb Subsidiary

BETHESDA, Md.--(BUSINESS WIRE)--Aug. 29, 2006--Healthnostics, Inc. (Pink Sheets:HNST - News) today announced the planned spin-off of MedBioWeb Corp. as a fully reporting public company. Healthnostics stockholders will receive a stock dividend distribution of MedBioWeb common shares upon completion of the spin-off. The audit has been completed, and a registration statement will be filed with the Securities and Exchange Commission. Details will be forthcoming.

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