EXHIBIT 99.1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 205449
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT: MAY 22, 1996
IMAGING DIAGNOSTIC SYSTEMS, INC.
(NAME OF SMALL BUSINESS ISSUER IN ITS CHARTER)
10281 NW 46TH STREET, SUNRISE, FLORIDA 33351
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES AND ZIP CODE)
REGISTRANT'S TELEPHONE NUMBER: (954) 746-0500
ITEM 5. OTHER EVENTS.
On May 21, 1996, the Registrant entered into a "lock-up" agreement with the three (3) principal shareholders
("Shareholders") of the Registrant who, collectively, beneficially own approximately 13,502,520 shares of
common stock (the "Shares") which represents approximately sixty-one percent (61%) of the issued and
outstanding common shares of the Registrant. The Shares are "restricted securities" pursuant to Rule 144(a)(3)(i)
and the two (2) year holding period will lapse on or about June 8, 1996.
The shareholders have agreed to restrict the Shares for an additional one
(1) year beginning May 21, 1996, so that each Shareholder may sell no more than 100,000 Shares for each
calendar quarter beginning July 1, 1996, until the termination of the agreement, May 21, 1997.
In the event the average weekly reported volume of trading in the Shares on all national securities exchanges
and/or reported through the automated quotation system of a registered securities association during the four (4)
calendar weeks preceding the quarter is less than 200,000 shares of common stock, the Shareholder(s) may not
sell Shares during the calendar quarter.
Further, in the event there is a change in control of the Registrant, the Shares are no longer subject to the
restriction imposed by the Agreement. A "change in control" means either: (a) the direct or indirect beneficial
ownership (within the meaning of Section 13(d) of the Securities Exchange Act of 1934 and Regulation 13D-G
thereunder) of ten percent 10% or more of the class of securi