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Metiscan, Inc: Metiscan Subsidiary Announces Acquisition of iPhone Applications

^{Published on 2009-08-05 05:13:50, Last Modified on 2009-08-05 05:13:59 - Market Wire}
 

DALLAS, TX--(Marketwire - August 5, 2009) - Metiscan, Inc. (PINKSHEETS: [ MTIZ ]), a holding company focused on growing its organization by making key acquisitions and developing companies and emerging technologies, today announced that Taptopia, Inc. ([ http://www.Taptopia.com ]), its wholly owned subsidiary focused on designing and developing smartphone applications and services, has completed the purchase of all source code and intellectual property for three business Apple iPhone applications. The assets were purchased in exchange for the Company's common stock.

Taptopia is focused on designing and developing innovative consumer and enterprise smartphone software solutions and applications for today's most popular smartphones including Apple, Research In Motion, Palm, Android, and Windows Mobile devices. Although newly organized Taptopia's team collectively has significant experience in designing, developing, and deploying consumer and enterprise software applications and solutions for various industries.

Additionally, Taptopia recently filed a provisional patent with the United States Patent and Trademark Office (USPTO) for a new and innovative mobile application system and method specifically targeted towards convention, exhibition, and trade show industries. This marks a step in Taptopia's overall strategic plan to create and build smartphone applications and services that will fill voids within untapped vertical niche markets.

"Management believes that the purchase of these applications and the filing of our provisional patent application contributes to our intellectual property base and provides a framework for future sales opportunities," commented Bryan A. Scott, President and CEO of Metiscan, Inc. "We are actively seeking additional acquisition opportunities that are synergistic with our core businesses and that will enhance our overall company valuation. As part of our initiatives Taptopia is adding additional resources internally to evaluate potential targets."

Metiscan also recently launched a social media campaign allowing for increased communications between the Company and its shareholders and investors. Metiscan will initially be utilizing powerful online social media tools such as Facebook ([ www.facebook.com ]) and Twitter ([ www.twitter.com/metiscan ]) in order to constantly keep shareholders and investors up to date on recent developments.

Max Melton, Metiscan's Internet and Social Media Communications liaison commented, "I think this is an important step for Metiscan because it provides a direct means for the Company to communicate with its shareholders and potential shareholders. Social media has proven to increase brand awareness and create loyalty due to its networking aspects and capabilities." He further commented, "Our plans are to provide frequent updates regarding the Company's progress through these and other social media outlets as well as traditional finance message boards."

About Metiscan, Inc

Metiscan, Inc. is a holding company focused on growing its organization by making key acquisitions and developing companies and emerging technologies. Previously, Metiscan had been focused on healthcare related businesses and is currently pursuing acquisitions and opportunities related to healthcare and non-healthcare mobile products and services.

Metiscan operates FirstView EHR, Inc, a wholly owned subsidiary, that provides end-to-end IT services for diagnostic imaging facilities including web based electronic healthcare records (EHR), workflow efficiency, PACS administration, long-term archiving, professional IT services and strategic consulting. Metiscan operates Schuylkill Open MRI, Inc., a majority owned subsidiary that is an independent diagnostic testing facility (IDTF) providing Magnetic Resonance Imaging (MRI) services. Metiscan also operates Taptopia, Inc., a wholly owned subsidiary that provides design and development services for Smartphone platforms. Metiscan also operates Shoreline Employment Services, Inc., a wholly owned subsidiary that provides employment services and benefits to all of Metiscan's subsidiaries and intends to provide such services to third parties in the future.

Safe Harbor Statement: Certain of the statements made in this press release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause Metiscan's actual results to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. In addition to statements that explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "intends," "anticipates" or "plans" to be uncertain and forward-looking. The Company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.