DIAGNOSTICS, TECHNOLOGY TRANSFER COMPANIES ANNOUNCE PARTNERSHIP

In Veritas Medical Diagnostics, Inc., a medical diagnostics company, and UTEK(r) Corporation, a technology transfer company, announced today the signing of a strategic alliance agreement and the first commercial spin-out product from In Veritas Medical Diagnostics, Inc. (IVMD) non-core portfolio - the "Evo-Mouse." Brian Cameron, chief operating officer of IVMD said, "We are very pleased to retain UTEK to help execute our intellectual property strategy and to identify potential new revenue streams. In Veritas Medical Diagnostics has spent several years refining its existing technology, and we believe our alliance with UTEK will allow us to contribute to the continued growth of our company and shareholder value by exploiting substantial opportunities for new products and 'spin-outs' in both core and non-core areas of our business."

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