MEDICAL MONITORS

It still does'nt tell us at what price the placement was done at........+++++++++++++++++++++++++does anyone know please?
RESPONSE TO ASX QUERY

Medical Monitors Limited (the "Company") responds to the various
questions raised in your letter of 1 May 2002, with reference to the
Company's Quarterly Report to 31 March 2002, in the form of Appendix
4C.

1. The Company's cash position at the end of the quarter was within
expectation for the quarter, as this included payments for the
manufacture of new stock that will contribute to future sales
revenue. In addition, we confirm that the monies raised from the
placement and from the anticipated sale of mining assets, as
previously stated, will provide sufficient working capital to fund
the Company's operations. The Company is aware of its cash flow
commitments and will be able to meet those commitments.

2. The Company expects to have negative operating cash flows for the
next quarter, but anticipates that it will have a positive cash flow
in the third quarter of 2002. The Company expects increasing revenues
from the business in the USA and the UK, with the added benefit of
reduced per unit production costs as increased sales drive up
production numbers.

These factors, and the cash flow contributions from matters referred
to in points 1 and 3, will provide the Company with sufficient funds
to continue its operations.

3. It should be noted that a number of anticipated sales were only
booked late in the quarter, with the resultant delay in actual cash
received falling into the next quarter. The normal expenses, as set
out in the Appendix 4C, were in line with expectation for the
quarter.

4. The Company confirms its continuing compliance with the ASX
Listing Rules and, in particular, Listing Rule 3.1.

5. The Company considers that its financial position (including
operating results) continues to satisfy Listing Rule 12.2.

A Shell
MANAGING DIRECTOR

MORE TO FOLLOW......................................................