PreMD Inc. Signs Agreement with Cosmetics Conglomerate



    TORONTO, March 6 /CNW/ - Predictive medicine company PreMD Inc. (TSX:
PMD; Amex:   PME) today announced that it has entered into a collaboration with
one of the world's largest beauty companies. The agreement is for skincare
devices using PreMD's innovative skin testing technologies, to enhance the
capabilities of cosmetic compounds. Financial details and the name of the
organization are not being disclosed at this time.
    "This is a very positive development for PreMD," said Brent Norton,
president and CEO of PreMD. "To engage in research and testing with one of the
world's leading cosmetics companies is a significant development which
validates our expertise in skin testing, exposes our product capabilities to
new markets, and opens the door to further commercial partnerships. We are
excited by the prospect of developing new technologies in the cosmetics field
and we are looking forward to capitalizing on these and other opportunities in
the near future."
    Dr. Norton continued, "Not only does this agreement validate our
international intellectual property portfolio, it also expands our
capabilities in the marketplace as we hope to complete additional agreements
with the inclusion of commercial terms."

    About PreMD Inc.

    PreMD Inc. is a leader in predictive medicine, dedicated to developing
rapid, non-invasive tests for the early detection of life-threatening
diseases. PreMD's cardiovascular products include a line of non-invasive skin
cholesterol tests. PreMD's other skin cholesterol products include PREVU(*) LT,
a skin cholesterol test designed for use in the life insurance industry. The
Company's cancer tests include ColorectAlert(TM), LungAlert(TM) and a breast
cancer test. PreMD's head office is located in Toronto, Ontario and its
research and product development facility is at McMaster University in
Hamilton, Ontario. For more information about PreMD, please visit
www.premdinc.com.

    This press release contains forward-looking statements. These statements
involve known and unknown risks and uncertainties, which could cause the
Company's actual results to differ materially from those in the
forward-looking statements. Such risks and uncertainties include, among
others, the success of a plan for regaining compliance with certain continued
listing standards of the American Stock Exchange, successful development or
marketing of the Company's products, the competitiveness of the Company's
products if successfully commercialized, the lack of operating profit and
availability of funds and resources to pursue R&D projects, the successful and
timely completion of clinical studies, product liability, reliance on
third-party manufacturers, the ability of the Company to take advantage of
business opportunities, uncertainties related to the regulatory process, and
general changes in economic conditions. In addition, while the Company
routinely obtains patents for its products and technology, the protection
offered by the Company's patents and patent applications may be challenged,
invalidated or circumvented by our competitors and there can be no guarantee
of our ability to obtain or maintain patent protection for our products or
product candidates.
    Investors should consult the Company's quarterly and annual filings with
the Canadian and U.S. securities commissions for additional information on
risks and uncertainties relating to the forward-looking statements. Investors
are cautioned not to rely on these forward-looking statements. PreMD is
providing this information as of the date of this press release and does not
undertake any obligation to update any forward-looking statements contained in
this press release as a result of new information, future events or otherwise.

    (*) Trademark

    %SEDAR: 00007927E          %CIK: 0001179083




For further information:

For further information: Michelle Rabba, Manager, Corporate
Communications, Tel: (416) 222-3449 ext. 25, Email: mrabba@premdinc.com

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PREMD INC.

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