INTRODUCTION

Stock Price :

Share            : 5262 1995 Warrant: 27047 1996 Warrant: 27700

Based the U.S. and in Europe, MEDASYS-DIGITAL-SYSTEMS is a digital imaging company engaged in :
 

	the design and installation of advanced software devoted to the medical industry enabling management, processing, storage and transmission of images from different clinical disciplines across multiple sites ;
	the promotion and integration of scientific computing systems for the academic and hospital field.

MEDASYS IN BRIEF

HISTORY

	1981	Jean-Marie Lucani, a computer systems engineer, forms DIGITAL DESIGN, a company devoted to digital imaging which markets in France VYCOM workstations with imported software.
	1982	The company develops its first own imaging software under Unix.
	1986	The software library is translated in C++.
	1987	Listing of the company on the Second Market of the Paris Bourse.
	1989	The company takes a controlling interest in JOD Electronique, a renowned distributor of mass memories, also quoted on the Paris Bourse. The concept of a "Multimodality" integrated medical imaging software system is implemented.
	1990	The company purchases a license for the manufacture of gamma-cameras.
	1992	In order to affirm a presence in the US. Dx, Inc. is founded in Atlanta, GA.
	1993	Merger of Digital Design Systems into JOD Electronique.
	1994	Dx, Inc. merges with Medasys, a US company specialized in nuclear medicine systems as spiritual successor of the world pioneer in this field : MDS (Medical Data Systems).
	1995	The company acquires 100% of Medasys and changes its worldwide corporate name to Medasys Digital Systems.
	1996	Formation of Medasys Digital Systems Sprl in Belgium.
	1996	Merger of Norcross, its reference shareholder, into Medasys Digital Systems.
	1997	Formation of Medasys Digital Systems, S.A. in Geneva, Switzerland.

MAJOR ACTIVITIES

Scientific computing

In this sector, the Company supplies workstations as well as the required peripherals such as mass memories, optical disks, DAT, etc..., incorporates the specialized scientific software, in particular for image processing (Dx Image) and performs the interconnection of this equipment into a network as well as to existing networks. On a market growing at the rate of 20% per year, Medasys enjoys an original position, all of its competitors being themselves equipment manufacturers.

Its customers include all the major engineering schools, universities, as well as public or parapublic research laboratories. As such, Medasys is the main supplier of scientific computers to the French National Center for Scientific Research.

Medical imaging

Nuclear medicine systems

In addition, the Company has maintenance contracts for approximately 700 systems of previous generations installed in more than 400 US hospitals by Medasys Acquisition Corp. and by its predecessor, Medical Data Systems. This on-site maintenance, which ensures an effective presence at the customers is performed from 12 service centers spread over the territory.

Medical imaging software

Using software tools which have in the meantime been recognized internationally (Oracle, Motif, X Windows,...), this system, based on Dx Image, and which comprises no less than 18,000 interconnected modules, all written under UNIX in object oriented language, is the only one which operates to-day and satisfies both international imaging (DICOM 3) and communication (HL 7) standards within the hospital world.

Dx Multimodality enables the linking together of all imaging equipment (MRI, CT Scanner, Nuclear Medicine, X-Ray, Ultrasound, Angiography, etc... ) from every manufacturer. It is a universal system answering all imaging requirements, as well in radiology as in cardiology.

Once the image is acquired, it can be processed in multiple ways ranging from simple measurements, comparison with a reference image, modification of the contrast to the three dimensional reconstruction of the cardiac beat in real time by aggregating successive views. Complex calculations can also be performed for modelisation and simulation, by employing the clinical protocols (diagnostic assistance function) included in the database. The practitioner can therefore simultaneously analyze on a single screen the different examinations of a given patient and issue his diagnosis based on data usually spread between various departments if not various hospitals. The multimedia facilities built into the system allow for writing or dictation of the medical report as well as discussion by teleconferencing with another specialist at a distant site.

The images can then be archived on optical disk and stored in the hospital with the certainty of being retrievable at any time. It is also possible to transmit a patient folder to another department within the hospital, or to another hospital or to the local practice looking after the patient. In addition to this Teleradiology function, the system also includes a Telemedicine function which can be used on T I or ATM (Information Highways) lines to view in real time an off-site examination and to monitor it.

By rationalizing the use of diagnostic equipment, optimizing the work of specialists, reducing significantly the film processing costs, alienating the loss of folders, freeing the space devoted to archives, suppressing multiple consultations and consequent duplication of examinations the implementation of Dx Multimodality is a source of healthcare cost savings which contributes to the improvement of the quality of care. Thus, this software offers an answer to political concern regardless of the country.

To-date, some fifty systems are in operation across the world. Among the most important, the installations at the "20^th November" hospital in Mexico City, "Rudolf Virschow" hospital in Berlin (Germany), "Eaggleston Children" hospital in Atlanta, GA and "Nagoya University" hospital in Japan are the most representative of the possibilities offered by Dx Multimodality.

Sales

OPERATIONS

Medasys Digital Systems Corp.

1. It sells and installs the Dx Multimodality software system on the North and South American markets as well as in the Far East by adapting it to customer requirements.
2. Dedicated, since its conception, to the nuclear medicine field, an area in which it is well known, the company assembles and reconditions gamma-cameras which it supplies with workstations operating on the new Dx Pinnacle software ; this software which transforms any gamma-camera into an open diagnostic system results from the transfer onto Dx Multimodality of the existing protocols of the renowned Pinnacle proprietary system, of which 400 are currently operating in the US.

Medasys Digital Systems Sprl

MDS Medasys Digital Systems S.A