(PR-inside.com) DALLAS, TX -- (Marketwire) -- 12/14/11 -- Metiscan, Inc. (PINKSHEETS: MTIZ) today announced its settlement with the China Trust Bank (CTB). Although, the details of the Settlement are to remain confidential, the impact of this settlement significantly reduces Metiscan's liabilities by $2,108,332. "The CTB settlement is very positive for our Company and our shareholders," commented Curtis Gung, President & CEO of Metiscan, Inc. "The CTB settlement and our ability to reduce other liabilities over the past nine months has yielded Metiscan a total reduction of $7,501,572 in liabilities since year end 2010." Balance Sheet Overview:
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