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AMICAS Reports Financial Results for the Second Quarter Ended June 30, 2008
Date:8/4/2008

physician tools, continue to be viewed as extremely easy to install, deploy, and support. These attributes help reduce the total cost of ownership of AMICAS solutions, which can help result in very impressive returns on investment for our customers. As we have mentioned before, it is noteworthy that, despite obstacles such as DRA and other reimbursement-related pressures, these groups made the decision to take their automation support to the next level with industry leading offerings from AMICAS."

Dr. Kahane went on to say, "Our stock buyback program was very active in Q2, resulting in the purchase of over $17 million of AMICAS stock. The Company has repurchased approximately 8,568,000 shares for approximately $22.5 million in total under the $25 million program put in place in December of last year. Over the past two years, AMICAS has bought back over $37.5 million of its common stock. AMICAS has no debt and has a very strong recurring revenue base. We believe that our customers and the market recognize that AMICAS is committed to being the leading independent image and information management solutions provider in the healthcare industry. We believe that our innovative end-to-end suite of products, our strong and experienced team of professionals, and our dedicated focus on image and information management will help our customers and partners by empowering them to grow, differentiate, and efficiently run their practices and businesses in 2008 and beyond."

Dr. Kahane added, "We have entered the second half of 2008 energized, focused, and ready to work relentlessly to reach our goals and objectives and to become the leading independent vendor of choice in the image and information management marketplace."

Looking Forward

AMICAS continues to expect 2008 revenues to be between $52 million and $54 million. Pro-forma EBITDA is now expected to be approximately $1.5 million which is consistent with a net loss of approximately ($0.02) per share.
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SOURCE AMICAS, Inc.
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