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Bio-Imaging Technologies

Bio-Imaging Technologies reports service revenue increased 46.2%

Published in Medical Imaging Law Weekly, September 5th, 2006

Bio-Imaging Technologies, Inc., (BITI) announced its financial results for the quarter and 6 months ended June 30, 2006.

Financial highlights for the second quarter of 2006 include:

1) Service revenue increased 46.2% to $8.0 million from $5.5 million during the second quarter of 2005.

2) The second quarter of 2006 was profitable, with income from operations of $18,000 as compared to a loss from operations of $1.2 million during the same period in 2005.

3) Net income was $80,000, or $0.01 per fully diluted share, as compared to second quarter 2005 net loss of $713,000 or $0.06 per fully diluted share.

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