York Sues Mobile P.E.T. for Breach of Stock Purchase Agreement

Fund Seeks More Than $4.9 Million in Redemption of Mobile

P.E.T. Preferred Stock



Apr 19, 2001, 01:00 ET from York, LLC

    LOS ANGELES, April 19 /PRNewswire/ -- York, LLC, today announced that on
 April 13, 2001, it filed a lawsuit in Federal District Court in Los Angeles
 against Mobile P.E.T. Systems, Inc. (OTC Bulletin Board:   MBPT), a Delaware
 corporation engaged in the business of providing medical services.  Among the
 claims asserted against Mobile P.E.T. are breach of contract and various
 torts, based upon Mobile P.E.T.'s failure to deliver shares pursuant to an
 equity line agreement that required York to make additional purchases of
 Mobile P.E.T.'s Common Stock subsequent to a $4.5 million purchase of the
 corporation's convertible Preferred Stock in March and September of last year.
 York's complaint alleges that, at Mobile P.E.T.'s request, York pre-paid
 $250,000 for 723,981 shares of Common Stock which the company now refuses to
 deliver.  York is seeking the value of the common shares it is due and other
 compensatory damages, as well as attorneys' fees and costs.
     York also announced that subsequent to filing the suit it served notices
 on Mobile P.E.T. requiring the redemption by Mobile P.E.T. of all of York's
 outstanding Preferred Stock, for an aggregate sum exceeding $4.9 million.  The
 redemption arose from Mobile P.E.T.'s failure to deliver common stock as
 required upon York's conversion of a portion of the outstanding Preferred
 Stock.
     A spokesman for York expressed the fund's outrage over Mobile P.E.T.'s
 allegations that wrongful conduct by York has caused the decline of the price
 of Mobile P.E.T.'s Common Stock.  The spokesman reported that "in the last
 several months, Mobile P.E.T., on its own initiative, has 'put' (sold) over
 1,590,000 shares of Common Stock to York in exchange for $1 million."  He
 added that "the foregoing does not include the latest 'put' notice which
 obligated the company to deliver 723,981 shares in exchange for York's March
 13, 2001 payment of $250,000."  The spokesman also noted that Mobile P.E.T.
 knew those shares were being immediately re-sold by York, consistent with the
 terms of the agreement, and nonetheless continued to require York's purchase
 of additional shares.
 
 

SOURCE York, LLC
    LOS ANGELES, April 19 /PRNewswire/ -- York, LLC, today announced that on
 April 13, 2001, it filed a lawsuit in Federal District Court in Los Angeles
 against Mobile P.E.T. Systems, Inc. (OTC Bulletin Board:   MBPT), a Delaware
 corporation engaged in the business of providing medical services.  Among the
 claims asserted against Mobile P.E.T. are breach of contract and various
 torts, based upon Mobile P.E.T.'s failure to deliver shares pursuant to an
 equity line agreement that required York to make additional purchases of
 Mobile P.E.T.'s Common Stock subsequent to a $4.5 million purchase of the
 corporation's convertible Preferred Stock in March and September of last year.
 York's complaint alleges that, at Mobile P.E.T.'s request, York pre-paid
 $250,000 for 723,981 shares of Common Stock which the company now refuses to
 deliver.  York is seeking the value of the common shares it is due and other
 compensatory damages, as well as attorneys' fees and costs.
     York also announced that subsequent to filing the suit it served notices
 on Mobile P.E.T. requiring the redemption by Mobile P.E.T. of all of York's
 outstanding Preferred Stock, for an aggregate sum exceeding $4.9 million.  The
 redemption arose from Mobile P.E.T.'s failure to deliver common stock as
 required upon York's conversion of a portion of the outstanding Preferred
 Stock.
     A spokesman for York expressed the fund's outrage over Mobile P.E.T.'s
 allegations that wrongful conduct by York has caused the decline of the price
 of Mobile P.E.T.'s Common Stock.  The spokesman reported that "in the last
 several months, Mobile P.E.T., on its own initiative, has 'put' (sold) over
 1,590,000 shares of Common Stock to York in exchange for $1 million."  He
 added that "the foregoing does not include the latest 'put' notice which
 obligated the company to deliver 723,981 shares in exchange for York's March
 13, 2001 payment of $250,000."  The spokesman also noted that Mobile P.E.T.
 knew those shares were being immediately re-sold by York, consistent with the
 terms of the agreement, and nonetheless continued to require York's purchase
 of additional shares.
 
 SOURCE  York, LLC