Bio-Imaging Technologies Announces First Quarter 2005 Financial Results.

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Bio-Imaging Technologies Announces First Quarter 2005 Financial Results.

NEWTOWN, Pa. -- Bio-Imaging Technologies, Inc. ("Bio-Imaging") (NASDAQ/NMS: BITI) today announced its financial results for the quarter ended March 31, 2005.

Financial highlights for the first quarter 2005 include:

--Service revenues decreased 6.8% year over year to $5.5 million on 176 projects for 78 clients.

--Operating loss was $1,686,000 compared to operating income of $648,000 for first quarter 2004.

--Net loss was $998,000, or $0.09 per fully diluted share. Net Income for the first quarter 2004 was $395,000, or $0.03 per fully diluted share.

--Backlog was $42.5 million ...

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