Swissray International Awarded Department Of Defense Contract

ELIZABETH, N.J., Nov. 15 /PRNewswire-FirstCall/ -- Swissray International announced today that they have been awarded a contract by the Defense Supply Center of Philadelphia to sell their complete line of digital radiography systems. This contract allows any branch of the Department of Defense or Government Agency to purchase directly from Swissray.

Swissray has a long and successful track record of selling directly to the US Government. Prior to being awarded this contract Swissray held a contract with the National Acquisition Center. Swissray has installed their film-less direct digital radiography systems into many Veterans Administration Hospitals over the past five years. They have also been successful selling to the military, with installations at several base hospitals.

"We are very excited about the opportunity to provide our US Military, Veterans and Government Workers with the absolute best digital X-ray technology available," said John Monahan, Vice President of Corporate Accounts, Swissray International, Inc. Monahan adds, "It has become very apparent to Swissray that the agencies of the US government appreciate buying directly from the manufacturer without having to go through third parties."

The timing of this contract coincides very well with the launch of several of their new products. While continuing to market their patented Quad CCD detector, this month Swissray will introduce at the Radiological Society of North America meeting their newest amorphous silicon flat panel detector. As the first company to obtain FDA approval for digital radiography, they are again the first and only one to offer a choice of detector technology.

About Swissray

Swissray has received from Frost & Sullivan the "Best Product Value" award for their market leading digital radiography systems. This new technology provides high quality medical radiographic images in seconds at a significantly lower cost than conventional or computed radiography because, among other factors, film, imaging plates, cassettes and chemical processing are not required. By utilizing a multifunctional single detector design, Swissray offers an affordable high quality solution for direct digital radiography.

Swissray currently provides a full range of DR systems for general radiographic applications for orthopedics, imaging centers, hospitals and emergency departments. All of Swissray's DR systems include fully automated, remote controlled system positioning with a choice between Quad CCD or amorphous silicon flat panel detector technologies.

For more information about Swissray's family of ddR solutions, visit the Swissray website at http://www.swissray.com

Disclaimer: Swissray's common stock is quoted on the Pink Sheets. The Pink Sheets does not require companies whose securities are quoted upon its systems to meet any listing requirements. With the exception of a few foreign issuers, the companies quoted in the Pink Sheets tend to be closely held, extremely small and/or thinly traded. Most do not meet the minimum listing requirements for trading on a national securities exchange, such as the New York Stock Exchange or the NASDAQ Stock Market. Many of these companies (including Swissray) do not file periodic reports or audited financial statements with the Securities and Exchange Commission, making it very difficult for investors to find reliable, unbiased information about those companies. For all of these reasons, companies quoted in the Pink Sheets can be among the most risky investments. That's why you should take extra care to thoroughly research any company quoted exclusively in the Pink Sheets. Be aware that some broker-dealers are required by SEC Rule 15c2-11 to have some information about the issuer. Ask your broker-dealer whether it has any Rule 15c2-11 information before you invest. Swissray does not undertake any obligation to update the information contained in this press release beyond the published date.

Safe Harbor: This press release may contain forward-looking statements, and as such, may involve risks and uncertainties. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations, are generally identifiable by the use of words such as "believe," "expect," "intend," "anticipate," "estimate," "project," or similar expressions. Swissray's actual results, performance, actions and achievements may differ materially from the results, performance, actions and achievements expressed or implied in such forward-looking statements. 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").

CONTACT: John Monahan Swissray International, Inc. (908) 353-0971 x 112 jmonahan@swissray.com

Swissray International

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

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