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VirtualScopics Reports Record Revenues and Gross Profit in the First Quarter
Date:5/5/2009

"The first quarter of 2009 represents the first quarter in the company's history where we generated cash from our operations(1)," said Molly Henderson, chief business and financial officer of VirtualScopics, Inc. She continued, "During the first quarter, the number of projects we performed services for increased 46% compared to the first quarter of 2008. Additionally, over 55% of our project work was in Phase II/III studies during the first quarter, compared to 27% a year ago. This greater demand, along with our processes that were built to efficiently scale the business, has allowed us to deliver solid results to start the year." She concluded, "We are very pleased with our financial performance for the first quarter and remain optimistic on our outlook for 2009."

Jeff Markin and Molly Henderson will provide a business update and discuss these results during the conference call on Wednesday, May 6, 2009 at 11:00 a.m. EDT. Interested participants should call 877-407-8031 when calling within the United States or 201-689-8031 when calling internationally. There will be a playback available until June 7, 2009. To listen to the playback, please call 877-660-6853 when calling within the United States or 201-612-7415 when calling internationally. For the replay, please use account number: 286, conference ID number: 320761.

About VirtualScopics, Inc.

VirtualScopics, Inc. is a leading provider of imaging solutions to accelerate drug and medical device development. VirtualScopics has developed a robust software platform for analysis and modeling of both structural and functional medical images. In combination with VirtualScopics' industry-leading experience and expertise in advanced imaging biomarker measurement, this platform provides a uniquely clear window into the biological activity of drugs and devices in clinical trial patients, allowing sponsors to make better decisions faster. For more information a
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SOURCE Virtual Scopics, LLC
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