Exhibit 99.1

BOULDER, CO December 29, 1998 - Image Guided Technologies, Inc. (BSE:  IGK) said
that as of the close of business Monday, December 28, 1998, its stock will no
longer be traded on the Nasdaq SmallCap market and will continue to be traded on
the Boston Stock Exchange.  IGT's stock will also be quoted on the OTC-bulletin
board.

Image Guided Technologies designs, develops, manufactures and markets products
for real-time, precise, free-hand, localization of points in 3D space. In
medical applications, FlashPoint determines the position of specially designed
surgical instruments relative to a patient's anatomy and CT or MR images during
Image guided surgical procedures. In industrial applications such as parts
inspection and motion tracking, the Company's Pixsys localizer measures the
position or shape of objects in 3D space, Brimfield Precision, Inc. is an
ISO9001 certified manufacturer of general and minimally invasive surgical
instruments and orthopedic implants.  

Statements in this release that are not strictly historical may be
"forward-looking" statements, which involve risks and uncertainties. These
include, but are not limited to, potential fluctuations in operating results,
bank debt, dependence on few customers, technological changes protection of
intellectual property rights, competition, regulation by the FDA, risk of
product liability claims, possible changes in healthcare regulation, shortages
of labor and dependence on key management and technical personnel. See the
Company's most recent reports on Form 10-QSB and Form 10-KSB.