SAVANNAH, Ga.--(BUSINESS WIRE)--Jan. 3, 2006--Health Discovery Corporation (“HDC”) (OTCBB:HDVY) today announced several critically important initiatives to position the Company for success in 2006. First, HDC reached agreement with certain holders of promissory notes issued by the Company to defer all remaining principal and interest payments totaling approximately $360,000 until October 2007. HDC also announced that it has entered into an agreement with Dr. Stephen Barnhill, Chairman and Chief Executive Officer, to amend Dr. Barnhill’s employment contract whereby he will defer 60% of his gross annual salary until January 1, 2008, representing total deferred payments of an additional $360,000. The Company believes that the combined effect of these deferred payments will provide HDC with sufficient cash to support its operations through October 2006. This outlook marks a substantive improvement from management’s prior expectations.
