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VirtualScopics' Project Balance Exceeds a Record $35 Million
Date:9/29/2009

ROCHESTER, N.Y., Sept. 29 /PRNewswire-FirstCall/ -- VirtualScopics, Inc. (Nasdaq: VSCP), a leading provider of quantitative imaging for clinical trials, today announced that its project balance (the amount remaining to be recognized from its active and awarded projects and commonly referred to as backlog within the clinical research industry), exceeds $35 million which compares to $18 million at the same time a year ago, a greater than 90% increase. The average duration of the studies included within the backlog is approximately 3-1/2 years. The company anticipates that the awarded contracts included in the project balance will be signed within the next several months as the projects near their start dates.

"We are very pleased with the growth in our project balance as it is the best indicator of future revenue growth," said Jeff Markin, VirtualScopics' president and chief executive officer. He added, "Included in the backlog are eight phase III studies, crossing multiple therapeutic areas and clients, which demonstrate our broad capabilities and our customers' confidence in our ability to provide high quality imaging services for their pivotal studies. This has been a very strong year for the company and we look forward to a solid close to 2009."

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
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