In Veritas Medical Diagnostics Ltd. Announces Important European Patent Grants

INVERNESS, SCOTLAND -- (MARKET WIRE) -- October 27, 2006 -- IVMD (OTCBB: IVME), a medical device company, announced today the granting of a patent in Europe for its tissue scanning technology. The tissue scanner in development at IVMD utilizes the inherent difference in the magnetic susceptibility of tissue combined with Hall Effect sensors to create a potentially portable and low cost tissue visualization system. This project is in its early stages at IVMD but the securing of the patent reinforces our commercial plan for the device.

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