activities related to those closed centers.
(2) MedQuest incurred approximately $0.2 million of non-recurring cash
expenses in the nine months ended September 30, 2006, related to the
SEC's formal inquiry concerning, among other things, MedQuest's
previous announcement that it expected to restate its financial
statements for prior periods and its inability to timely file its
Annual Report on Form 10-K for the year ended December 31, 2004 and
its Quarterly Reports on Form 10-Q for the quarters ended March 31,
and June 30, 2005, which were filed in September and November 2005,
respectively, and the U.S. Attorney's Office investigation relating to
the resignation of MedQuest's former executive officers and its
announcements that it expected to restate certain of its financial
statements for prior periods.
About MQ Associates, Inc.
MQ Associates, Inc. is a holding company and has no material assets or operations other than its ownership of 100% of the outstanding capital stock of MedQuest, Inc. MedQuest, Inc. is a leading operator of independent, fixed- site, outpatient diagnostic imaging centers in the United States. These centers provide high quality diagnostic imaging services using a variety of technologies, including magnetic resonance imaging (MRI), computed tomography (CT), nuclear medicine, general radiology, bone densitometry, ultrasound and mammography. MedQuest, Inc. operates a network of 92 centers in thirteen states located primarily throughout the southeastern and southwestern United States.
This press release contains or may contain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995.
Such statements include, without limitation, statements regarding
MedQuest's future growth and profitabil
|SOURCE MQ Associates, Inc.|
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