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Merge Healthcare Provides Update on the Restatement of Its Financial Statements
Date:10/29/2007

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"Merge Healthcare continues to weather the storm caused by the Deficit Reduction Act ("DRA"), the 2006 restatement and the current restatement process that we are going through. With a better understanding of the DRA, visibility into the impact of the restatement, and our expectation to be current with our securities filings by the end of 2007, I am very encouraged about the Company's prospects for 2008 and beyond," said Ken Rardin, Merge Healthcare Chief Executive Officer.

The Company further announced that it expects to report restated revenues for the quarter ended March 31, 2007 of $15 to $16 million, and revenues for the quarter ended June 30, 2007 of $13 to $14 million. Bookings for the quarters ended December 31, 2006, March 31, 2007, June 30, 2007 and September 30, 2007, totaled approximately $13 million, $20 million, $10 million, and $9 million, respectively. Bookings is defined by the Company as the total value of all contracts signed during a quarter and excludes any value attributed to related maintenance other than the first year of post-contract customer support (PCS). The previous definition of bookings used by the Company in its press release and earnings conference call for the first quarter of 2007 included maintenance for years two through five where the pricing for those years was agreed to by the customer in the contract. However, due to the current restatement process, the Company believes that it is more appropriate to exclude those additional years of maintenance from the definition of bookings because the additional years of maintenance are not typically contractual obligations of the customer. The expected results reported above should not be considered indicative of the Company's other financial results for such periods or for any future periods, including operating income and net income, which the Company will be able to report upon the completion of the restatement process.

Cash and cash equivalents on hand at September 3
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SOURCE Merge Healthcare
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