Imaging3 Commences a $2 Million Private Offering

BURBANK, California -- November 12, 2002 -- Imaging3, a leading provider of advanced technology medical imaging devices, announced today that it has commenced a new round of financing to further the development of its Imaging3 Technology.

The private offering of the Company's shares of common stock is available only to accredited investors. This private offering is being conducted under an exemption from registration set forth in Rule 506 of Regulation D for federal securities law purposes.

"The fact that we are able to raise capital in a difficult financial market is a validation of our vision and innovation," states Imaging3 CEO Dean Janes. "Our patent pending Imaging3 Technology is a significant medical imaging breakthrough. We intend to develop the first device that will instantly produce high-resolution images of virtually any part of the human body -- in three dimensions. This round of financing will allow us to get this product to the healthcare market."

About Imaging3, Inc.

Imaging3, Inc., founded in 1993, is a leading provider of advanced technology medical imaging devices. The Company has developed a breakthrough medical technology (patent pending) that will produce 3D medical diagnostic images in real time. Imaging3 Technology has enormous potential to contribute to the improvement of healthcare. For the first time ever, healthcare workers will be able to instantly view 3D, high-resolution images of virtually any part of the human body. Imaging3 is also the largest remanufacturer of C-arms in the world. A C-arm is an integral component of a fluoroscopic imaging system used for various types of surgery. For more information on Imaging3, Inc., visit the Company's Web site at www.Imaging3.com or call (818) 260-0903.