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Biofield Corporation's 51% Owned Subsidiary Agrees to Deal Appointing McKinley Infocapital as Korean Exclusive Distributor of Breast Cancer Diagnostic System; Contract has Potential Value of up to $15.3 Million
Date:4/8/2011

linicians to recognize problems within the mammary glands at such an early stage and with such a high accuracy rate." Hong commented, "Because the technology is able to identify cancer at an early stage, it gives patients the opportunity for early detection of breast cancer, which is the key to saving lives. Further, this will be an excellent opportunity to work closely with McKinley Infocapital in expanding our R&D capabilities in order to broaden the application of our patented technology to assist in the fight against other forms of cancer."

The distribution agreement also includes an option for McKinley Infocapital to acquire the exclusive distribution rights for the following Asian and Southeast Asian countries:  Japan, Thailand, Vietnam, Malaysia, Cambodia, Laos, and Myanmar. Each territory would require its own separate Exclusive Distributorship Agreement and associated licensing fees.

About Biofield Corp.

Biofield Corp., a medical technology company, engages in the development and provision of non-invasive diagnostic medical devices to assist in the detection breast cancer. If offers the Biofield Diagnostic System, a breast cancer diagnostic device, which employs single-use sensors designed to measure and analyze changes in cellular electrical charge distributions associated with the development of epithelial cancers, such as breast, ovarian, skin, prostate, and colon cancers. The company's device is intended for use with palpable breast lesions in women under 55 years of age. For more information, visit http://www.biofield.com.

About McKinley Infocapital

McKinley Infocapital is a leading international business consulting and investment management firm offering a wide range of professional services.  McKinley Infocapital's longstanding association with leading law and accounting firms, as well as the investment community, enables McKinley Infocapital its professionals to
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SOURCE Biofield Corporation
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