MQ Associates, Inc. Announces Cash Tender Offer for 121/4% Senior Discount Notes Due 2012 (CUSIP No. 55345RAC2) and Related Consent So...( ALPHARETTA Ga. Dec. 31 /- MQ Asso...),Health

ALPHARETTA, Ga., Dec. 31 /PRNewswire/ -- MQ Associates, Inc. ("MQ Associates") announced today that it is offering to purchase for cash any and all of its outstanding 121/4% Senior Discount Notes due 2012 (CUSIP No. 55345RAC2) (the "Notes"), on the terms and subject to the conditions set forth in the Offer to Purchase and Consent Solicitation Statement dated December 31, 2007 and the accompanying Consent and Letter of Transmittal (together, the "Offer Documents"). The tender offer will expire at midnight, New York City time, on January 29, 2008, unless extended or earlier terminated. The consideration for each $1,000 in principal amount at maturity of Notes tendered and accepted for purchase pursuant to such tender offer will be 107.081% of the accreted value of such Notes as of the later of January 29, 2008 and the applicable payment date.

In connection with the tender offer, MQ Associates is soliciting the consents of holders of the Notes to proposed amendments to the indenture governing the Notes (the "Proposed Amendments"). The primary purpose of the consent solicitation and the Proposed Amendments is to eliminate substantially all of the material restrictive covenants and certain events of default and related provisions in the indenture governing the Notes. In order for the Proposed Amendments to be effective, holders of a majority in aggregate outstanding principal amount at maturity of the Notes must consent to the Proposed Amendments. Holders of Notes may not tender their Notes without delivering the related consents. Each holder who validly tenders its Notes and delivers consents to the Proposed Amendments prior to 5:00 p.m., New York City time, on January 14, 2008 shall be entitled to a consent payment of $28.12 for each $1,000 in principal amount at maturity of Notes (representing 3% of the accreted value of such Notes as of January 29, 2008) tendered by such holder if such Notes are accepted for purchase pursuant to the tender offer.