IMPATH Bankruptcy Liquidating Trust Announces Initial Cash Distribution

NEW YORK--(BUSINESS WIRE)--July 25, 2005--The Trustee of the IMPATH Bankruptcy Liquidating Trust (OTC:IBLTZ) (the "Liquidating Trust") announced that August 12, 2005 will be the payable date (the "Payable Date") on which the Liquidating Trust will make an initial cash distribution of $42,957,866.00, or $2.55 per Unit, to holders of record of Class A Beneficial Interests (the "Beneficial Interests") in the Liquidating Trust on August 5, 2005 (the "Record Date").

This initial cash distribution will be made by the Liquidating Trust in accordance with the Third Amended Joint Plan of Liquidation under Chapter 11 of the Bankruptcy Code of IMPATH Inc. and its debtor subsidiaries, as amended (the "Plan"). The Plan was confirmed by the United States Bankruptcy Court for the Southern District of New York by Order entered on March 22, 2005 in In re IMPATH Inc., et al., Chapter 11 Case No. 03-16113 (PCB), with an Effective Date of July 22, 2005.

Readers are encouraged to read the Plan and the Liquidating Trust Agreement, as the information contained in this release must be strictly construed in accordance with the Plan and the Liquidating Trust Agreement. Copies of these documents can be obtained by accessing www.bridgeassociatesllc.com, and clicking on the link relating to the IMPATH Bankruptcy Liquidating Trust.