Healthnostics Reaches Agreement to Acquire MedNets.com

NEW YORK--(BUSINESS WIRE)--Healthnostics, Inc. (OTC: HNSO), a medical and biotechnology analytics company, today announced an agreement to acquire MedNets.com, an Internet portal providing information resources to consumers and healthcare professionals. The acquisition is expected to close by December 31, 2007.

“MedNets.com further enhances our attractiveness to advertisers and sponsors seeking multiple platforms for an economy of scale.”

MedNets.com had nearly 400,000 visitors in the past year with a concentration in consumers. This consumer focus joins the MedBioWeb divisions FamilyMedicalNet portal and further complements the MedBioWorld medical and biotechnology professional portal.

“With the MedNets.com acquisition, we are adding a major Internet healthcare presence. MedNets.com is a well established destination that we can further develop into a major consumer and medical professional information resource center,” stated Alan Grofé, President. “MedNets.com further enhances our attractiveness to advertisers and sponsors seeking multiple platforms for an economy of scale.”

Healthnostics’ MedBioWeb Corp. subsidiary continues to be in the registration process with the Securities and Exchange Commission with year-end financials to be filed with the SEC. Previously, Healthnostics announced that the Company had filed a registration statement to spin-off MedBioWeb Corp. into a new, fully reporting company. This spin-off equates to 100% ownership of MedBioWeb by Healthnostics shareholders.

About Healthnostics

Healthnostics, Inc. is a medical and biotechnology analytics company that provides patient clinical monitoring and risk management systems to acute care hospitals, and utilizes its Internet portals to deliver medical and biotechnology resource information to industry professionals as well as to the general public. Healthnostics' major products include: MedGuardian, a patient care monitoring and risk management system for hospitals that is fully Web-based; and through the MedBioWeb subsidiary, MedBioWorld(TM), one of the largest professional medical and biotechnology resource and reference portal sites on the Internet, and FamilyMedicalNet, a companion consumer healthcare information portal.

For further information regarding Healthnostics, please visit Healthnostics (www.healthnostics.com), MedGuardian (www.med-guardian.com), MedBioWorld (www.medbioworld.com), and FamilyMedicalNet (www.familymedicalnet.com).

This press release may contain certain statements that are not descriptions of historical information, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act of 1934. These forward-looking statements refer to matters that involve risks and uncertainties. Such statements reflect management's current views and are based on certain assumptions. Actual results could differ materially from the assumptions currently anticipated.