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PreMD Inc. Signs Agreement with Cosmetics Conglomerate
Date:3/6/2008

TORONTO, March 6 /PRNewswire-FirstCall/ - Predictive medicine company PreMD Inc. (TSX: PMD; Amex: PME) today announced that it has entered into a collaboration with one of the world's largest beauty companies. The agreement is for skincare devices using PreMD's innovative skin testing technologies, to enhance the capabilities of cosmetic compounds. Financial details and the name of the organization are not being disclosed at this time.

"This is a very positive development for PreMD," said Brent Norton, president and CEO of PreMD. "To engage in research and testing with one of the world's leading cosmetics companies is a significant development which validates our expertise in skin testing, exposes our product capabilities to new markets, and opens the door to further commercial partnerships. We are excited by the prospect of developing new technologies in the cosmetics field and we are looking forward to capitalizing on these and other opportunities in the near future."

Dr. Norton continued, "Not only does this agreement validate our international intellectual property portfolio, it also expands our capabilities in the marketplace as we hope to complete additional agreements with the inclusion of commercial terms."

About PreMD Inc.

PreMD Inc. is a leader in predictive medicine, dedicated to developing rapid, non-invasive tests for the early detection of life-threatening diseases. PreMD's cardiovascular products include a line of non-invasive skin cholesterol tests. PreMD's other skin cholesterol products include PREVU(x) LT, a skin cholesterol test designed for use in the life insurance industry. The Company's cancer tests include ColorectAlert(TM), LungAlert(TM) and a breast cancer test. PreMD's head office is located in Toronto, Ontario and its research and product development facility is at McMaster University in Hamilton, Ontario. For more information about PreMD, please visit htt
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SOURCE PreMD Inc.
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