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2004 Press Releases

Stock Options on Merge Technologies Commence Trading
Milwaukee, WI, December 9, 2004

Merge eFilm Releases FUSION 2.0 and eFilm Workstation 2.0
Milwaukee, WI, November 26, 2004

Merge eFilm Signs Definitive Agreement to Acquire AccuImage Diagnostic Corp.
Milwaukee, WI, November 24, 2004

Merge eFilm Announces Third Quarter 2004 Results
Milwaukee, WI, October 27, 2004

Merge eFilm FUSION RIS/PACS™ Selected by Radiologix
Milwaukee, WI, October 26, 2004

Insight Health Corp. Expands Relationship with Merge eFilm
Milwaukee, WI, October 21, 2004

Merge eFilm Successfully Completes 32 Customer Installations with FUSION RIS, PACS, or RIS/PACS in First Half of 2004
Milwaukee, WI, September 21, 2004

Merge eFilm Announces Stock Repurchase Program
Milwaukee, WI, August 24, 2004

Merge eFilm Announces Second Quarter 2004 Results
Milwaukee, WI, July 28, 2004

SourceOne Healthcare Technologies and Merge eFilm Announce Strategic Distribution Agreement
Milwaukee, WI, July 27, 2004

Merge eFilm Joins Russell 2000 Small Cap Index
Milwaukee, WI, June 28, 2004

Merge eFilm Updates ISO Product Quality Certificates
Milwaukee, WI, June 15, 2004

Merge eFilm Releases FUSION PACS™ 1.2.7
Milwaukee, WI, June 10, 2004

Merge eFilm Announces eFilm Workstation Academic Licensing Program
Milwaukee, WI, May 6, 2004

Merge eFilm Announces First Quarter 2004 Results
Milwaukee, WI, April 28, 2004

Merge eFilm Releases ExamWorks 1.4
Milwaukee, WI, March 18, 2004

Merge eFilm Releases eFilm Workstation™ 1.9
Milwaukee, WI, March 17, 2004

Insight Health Corp Selects Merge eFilm FUSION PACS™ for Digital Diagnostic Imaging Workflow
Milwaukee, WI, March 17, 2004

Merge eFilm Announces Record Revenues and Earnings for Fourth Quarter and Year End 2003
Milwaukee, WI, February 19, 2004

Merge eFilm Specialist Named Co-Chair of International Standards Committee
Milwaukee, WI, January 28, 2004

Press Contact

Attn: Beth Frost-Johnson
Merge Healthcare
6737 West Washington St.
Suite 2250
Milwaukee, WI 53214

Phone:
1-(414) 977-4254

Email Address: marketing@merge.com
Except for the historical information herein, the matters discussed in this news release include forward-looking statements that may involve a number of risks and uncertainties. When used in this press release, the words “will,” “believes,” “intends,” “anticipates,” “expects” and similar expressions are intended to identify forward-looking statements. Actual results could differ materially from those expressed in, or implied by, the forward-looking statements based on a number of factors, including, but not limited to, the uncertainty created by, the adverse impact on relationships with customers, potential customers, suppliers and investors potentially resulting from, and other risks associated with, the changes in the Company’s senior management; costs, risks and effects of the investigation by the Audit Committee of the Board of Directors; the impact of the restatement of financial statements of the Company and other actions that may be taken or required as a result of such restatement; the Company's inability to timely file reports with the Securities and Exchange Commission; risks associated with the Company's inability to meet the requirements of The NASDAQ Stock Market for continued listing, including possible delisting; costs, risks and effects of legal proceedings and investigations, including the informal, non-public inquiry being conducted by the Securities and Exchange Commission and class action, derivative, and other lawsuits; risks in product and technology development, market acceptance of new products and continuing product demand, the impact of competitive products and pricing, ability to integrate acquisitions, changing economic conditions, credit and payment risks associated with end-user sales, dependence on major customers, dependence on key personnel, and other risk factors detailed in the Company’s filings with the Securities and Exchange Commission. Except as expressly required by the federal securities laws, the Company undertakes no obligation to update such factors or to publicly announce the results of any of the forward-looking statements contained herein to reflect future events, developments, or changed circumstances, or for any other reason.