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MQ Associates, Inc. Announces Results for the Third Quarter and Nine Months Ended September 30, 2007

and 2006, respectively, primarily for exit

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.

Forward-Looking Statements

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.
Copyright©2007 PR Newswire.
All rights reserved

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