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July 21, 2008

Knobias Clip Report (07-21-2008) ICAD

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Submitted By Knobias ClipReport

ICAD: Cmpletes Acquisition of CAD Sciences for $5M

By Fain Hughes, fhughes@knobias.com

iCAD, Inc. (ICAD) announced the completion of its agreement to purchase the principal assets of CAD Sciences, a privately-held medical technology company based in White Plains, NY. The purchase price was $5 million, comprised of $2 million in cash and 1,086,957 shares of iCAD common stock.

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