COMPUMED SIGNS LICENSING AGREEMENT WITH ETRAUMA
OsteoGram-Enhanced OfficePACS® System to be Launched at AAOS

LOS ANGELES, March 9, 2004 -- CompuMed, Inc. (CMPD.OB) -- a medical informatics company serving the healthcare community with diagnostic software solutions -- today announced it has signed a licensing agreement with orthopaedic practice imaging provider eTrauma Corporation (Deerfield Beach, FL). The agreement authorizes eTrauma(R) to integrate CompuMed's proprietary OsteoGram(R) software into its OfficePACS(R) digital imaging communications and storage system, which is designed specifically for orthopaedic group practices.

The OsteoGram-enhanced OfficePACS system will be introduced this week at the 71st Annual Meeting of the American Association of Orthopaedic Surgeons (AAOS) in San Francisco (March 10-14 at Moscone Center). The eTrauma exhibit (booth #3161) will showcase the latest advances in info-imaging designed specifically to improve workflow in the orthopaedic office environment.

"We are proud to be allied with an innovator such as eTrauma," said CompuMed CEO Jerry McLaughlin. "Our OsteoGram application fits nicely with the OfficePACS model to provide an affordable digital imaging solution designed exclusively for orthopaedic surgeons."

The OsteoGram is a software-based imaging system that enables healthcare providers to screen, diagnose and monitor osteoporosis using a conventional film-based hand x-ray or a digital image derived from filmless x-ray equipment. CompuMed recently introduced a DICOM (Digital Communications and Imaging in Medicine) compliant version for use on digital imaging platforms. DICOM is the information standard that allows the new generation of medical imaging equipment to interconnect. DICOM-based systems have become a high growth segment of the medical imaging market.

eTrauma's OfficePACS digital image communications and storage system provides an all-in-one solution for the orthopaedic office. Unlike typical PACS (Picture Archiving and Communications Systems) solutions that were originally designed for radiologists, scaled for hospitals and remarketed as enterprise solutions, OfficePACS was designed in collaboration with orthopaedic surgeons to mirror the workflow of orthopaedic offices. Developed with the understanding that non specialty specific or poorly designed software can cost doctors valuable time, OfficePACS streamlines image access and provides a comprehensive suite of case planning tools, including orthopaedic device templating, all accessible from one intuitive application.

"We are very excited about our new relationship with CompuMed," said eTrauma CEO Dan Hodgeman. "CompuMed's superior technology in BMD [Bone Mineral Density] Analysis combined with eTrauma's leadership and experience in the orthopaedic industry will create expanded opportunities for both companies."

About CompuMed:

Founded in 1973, CompuMed, Inc. (OTC Bulletin Board: CMPD) is a leading provider of computer-aided telemedicine and diagnostics technology. The company's core products are the OsteoGram and CardioGram systems. The OsteoGram, which is cleared by the FDA for commercial use, is an accurate and precise technology for low-cost osteoporosis testing. The CardioGram system remotely interprets electrocardiograms and is used by private practice, government and corporate healthcare providers nationwide. The CardioGram also has the capability to automatically provide an over-read (i.e., follow-up review) by a cardiologist. CompuMed is headquartered in Los Angeles. Visit CompuMed at www.compumed.net .

About eTrauma:

eTrauma.com Corporation is a private, closely held Delaware corporation formed in June 1999 to develop and market Internet-based technology to aid in the communication of orthopaedic trauma from the emergency room. The Company has built upon its patented technology to provide info-imaging software applications that optimize communications and storage of patient image data in private orthopaedic practices. eTrauma is headquartered in Deerfield Beach, Florida. To learn more, please visit eTrauma at www.etrauma.com .

This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, ability to raise capital, the availability of appropriate acquisition candidates and/or business partnerships, economic conditions, the impact of competition and pricing, capacity and supply constraints or difficulties, government regulation and other risks defined in this document. All such forward-looking statements whether written or oral, and whether made by or on behalf of the Company are expressly qualified by these cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

CONTACT: Erik Deutsch - Tellem Worldwide, +1 (310) 479-6111 x.15, edeutsch@tellem.com