Imaging Dynamics Co (IDYLF) 0.0202 $IDYLF
Imaging Dynamics Company Ltd. Announces Convertible Debenture Private Placement Financing
Filing Services Canada XHTML - Thu Aug 11, 7:49AM CDT
IDL.VN: 0.090 (+0.005)
IMAGING DYNAMICS COMPANY LTD. Reports First Quarter 2016 Results
Filing Services Canada XHTML - Mon May 30, 3:44PM CDT
IDL.VN: 0.090 (+0.005)
Imaging Dynamics Company Ltd. Reports 2015 Financial Results
Filing Services Canada XHTML - Fri Apr 29, 3:35PM CDT
IDL.VN: 0.090 (+0.005)
IDC Announces the Appointments of Senior Management and Change in the Board of Directors
Filing Services Canada XHTML - Mon Jan 04, 3:53PM CST
GE: 31.35 (+0.03), IDL.VN: 0.090 (+0.005), DHR: 80.89 (-0.04)
Imaging Dynamics Company Announces 2015 Third Quarter Results
Filing Services Canada XHTML - Fri Nov 27, 3:24PM CST
IDL.VN: 0.090 (+0.005)
IDC Announces the Appointments of Chief Executive Officer and Senior Management, and Change in Board of Directors of IDC
Filing Services Canada XHTML - Tue Oct 13, 4:59PM CDT
IDL.VN: 0.090 (+0.005)
Imaging Dynamics Company Announces Closing of Convertible Debenture Private Placement Financing
Filing Services Canada - Fri Sep 25, 3:13PM CDT
Imaging Dynamics Company Announces Closing of Convertible Debenture Private Placement Financing
IDL.VN: 0.090 (+0.005)
Imaging Dynamics Company Announces 2015 Second Quarter Results, Establishes Shanghai Free Trade Zone Subsidiary, and Announces Resignation of a Director
Filing Services Canada - Fri Aug 28, 3:08PM CDT
Imaging Dynamics Company Announces 2015 Second Quarter Results, Establishes Shanghai Free Trade Zone Subsidiary, and Announces Resignation of a Director Calgary, Alberta (FSCwire) - Imaging Dynamics Company, Ltd. ("IDC" or the "Company"
(TSX Venture: IDL-X) announces today the financial results for the 2015 second quarter period ended June 30, 2015, the establishment of a Shanghai Free Trade Zone Subsidiary, and the resignation of a Director. 2015 Second Quarter Highlights Gross revenues for the second quarter of 2015 were $0.617 million compared to $0.715 million for the same quarter last year representing a decrease of 13.7% in revenues. The decrease in revenues during the period is mainly due to lower sales in the Asia-Pacific due to an economic downturn in this area, and offset by higher sales in the USA and Latin America regions. On a year-to-date basis, revenues were $1.102 million compared to $1.113 million in the prior year, a decrease of 1.0% over the comparative period. Sales and marketing, general and administrative, production and manufacturing, and research and development expenses for the second quarter increased to $0.663 million from $0.485 million during the same quarter last year, and were $1.139 million on a year-to date basis compared to $1.007 million in the prior year. Net loss for the second quarter ended June 30, 2015 was $0.620 million compared to a net loss of $0.238 million for the same quarter last year, and the net loss was $0.909 million on a year-to-date basis compared to $0.607 million for the same period last year. Dr.Sidong Huang, President and CEO of the Company stated: "IDC is committed to and continues tofocus on sales and marketing efforts to generate sales revenues from IDC's existing customer base and distribution partners, and in the development of new business relationships with new potential major customers globally. IDC Shanghai Free Trade Zone Subsidiary IDC also announces that it has established a subsidiary company in the Shanghai Free Trade Zone in China to expand IDC's business in the China market for the following purposes: (1) to set up an IDC Shanghai R&D Centre in China, and (2) to explore, develop and market new medical industry related products for sales in this region and throughout the global marketplace. Resignation of a Director The Company announces that Mr. George Chen has resigned as a Director of the Board of Directors of IDC to pursue other endeavours. On behalf of the Board of Directors, Dr. Huang would like to thank Mr. Chen for his service and contribution to the Company. About Imaging Dynamics Company IDC is a global medical imaging technology provider and innovative force in the high growth field of digital radiography (DR) technology. The Company has over 4,000 installations in 50 countries of its proprietary, award winning direct capture DR technology, which replaces conventional film-based diagnostic imaging and provides a cost-effective solution for medical facilities of all sizes to provide high quality diagnostic X-ray images and improve the level of healthcare for their patients. Throughout its history, IDC has been recognized by multiple industry organizations and research analysts such as: Frost & Sullivan and Deloitte Technology; for its dedication to innovation, global market growth, and customer focused value proposition. The Company has its corporate office in Calgary, Alberta, Canada, and a representative office in Beijing, China. Visit the IDC web site: www.imagingdynamics.com For more information, please contact: Sidong Huang President and Chief Executive Officer Imaging Dynamics Company Ltd. 1.403.251.9939 Office 1.866.975.6737 Toll Free sidong@imagingdynamics.com Statements in this release which describe IDC's intentions, expectations or predictions, or which relate to matters that are not historical facts are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties which may cause the actual results, performances or achievements of IDC to be materially different from any future results, performances or achievements expressed in or implied by such forward-looking statements. IDC may update or revise any forward-looking statements, whether as a result of new information, future events or changing market and business conditions. Known and unknown risks and uncertainties include: IDC's ability to manufacture its products with a sufficient level of quality and in volumes which satisfy market demand; the ability of IDC to establish direct and indirect sales channels; the ability of IDC to establish industry partnerships; IDC's ability to attract and retain key personnel; the strength and breadth of IDC's patents; and other factors relating to general economic conditions, specific industry conditions and IDC's particular situation. To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...282015.pdf Source: Imaging Dynamics Company Ltd. (TSX Venture:IDL) http://www.imagingdynamics.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
IDL.VN: 0.090 (+0.005)
Imaging Dynamics Company Announces Convertible Debenture Private Placement Financing
Filing Services Canada - Tue Aug 11, 4:19PM CDT
Imaging Dynamics Company Announces Convertible Debenture Private Placement Financing Calgary, Alberta (FSCwire) - Imaging Dynamics Company, Ltd. ("IDC" or the "Company" (TSX Venture: IDL-X) today announced a non-brokered private placement financing of unsecured Convertible Debentures for gross proceeds of up to $6,250,000 in principal amount (the "Offering" . The Convertible Debentures will have a maturity date of three years from the date of issue (the Maturity Date), will bear interest at a rate of 6.0% per year payable annually, and will be convertible into common shares of the Company at the holders option at a conversion price of $0.02 per common share for a period of three years after the Closing Date of the Offering. Subject to the completion of a proposed share consolidation as outlined below, the "post-consolidation" conversion price of the Convertible Debentures would be at $0.10 per share. The Offering is being made available pursuant to the grant of a "discretionary waiver" of the TSX Venture Exchange's ("TSXV" minimum $0.05 pricing requirement and is subject to acceptance by the TSXV. With respect to this TSXV waiver, the Company may conduct a share consolidation of the outstanding common shares of the Company on a 5:1 basis, in accordance with the applicable securities legislation, within six months of the Closing Date of the Convertible Debentures financing should the market conditions of a share consolidation be favourable to the stock price of the listed shares of the Company at that time as determined by the Board of Directors of IDC. However, the Convertible Debentures may not be converted into common shares in any portion until and unless the 5:1 share consolidation is undertaken by the Company within six months of the Closing Date, and thereafter the "post consolidation" conversion price of the Convertible Debentures will be $0.10 per common share. If the share consolidation is not successfully completed within the earlier of the next annual shareholders meeting or six months from the Closing Date, the conversion price of the common shares will then revert to $0.05 per share for the first year, and $0.10 per share for the second and third year of the term of the debt in accordance with the TSXV's minimum pricing requirements. IDC intends to use the proceeds of the Offering primarily to expand its business in the China market for the following purposes: (1) to set up an IDC Shanghai R&D Centre in China, and (2) to explore, develop and market new medical industry related products for sales in this region and throughout the global marketplace. The Offering is expected to close on or around September 10, 2015. The Convertible Debentures issued in connection with the private placement will be subject to a four month and one day hold period from the date of issuance in accordance with applicable securities laws. The Offering remains subject to certain conditions including, but not limited to, the final approval of the TSX Venture Exchange. The Offering has received approval from the Board of Directors of the Company. About Imaging Dynamics Company (IDC): IDC is a global medical imaging technology provider and innovative force in the high growth field of digital radiography (DR) technology. The Company has over 4,000 installations in 50 countries of its proprietary, award winning direct capture DR technology, which replaces conventional film-based diagnostic imaging and provides a cost-effective solution for medical facilities of all sizes to provide high quality diagnostic X-ray images and improve the level of healthcare for their patients. Throughout its history, IDC has been recognized by multiple industry organizations and research analysts such as: Frost & Sullivan and Deloitte Technology; for its dedication to innovation, global market growth, and customer focused value proposition. The Company has its corporate office in Calgary, Alberta, Canada, and also has a representative office in Beijing, China. Visit the IDC web site: www.imagingdynamics.com For more information, please contact: Sidong Huang President and Chief Executive Officer Imaging Dynamics Company Ltd. 1.403.251.9939 Office 1.866.975.6737 Toll Free sidong@imagingdynamics.com Statements in this release which describe IDC's intentions, expectations or predictions, or which relate to matters that are not historical facts are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties which may cause the actual results, performances or achievements of IDC to be materially different from any future results, performances or achievements expressed in or implied by such forward-looking statements. IDC may update or revise any forward-looking statements, whether as a result of new information, future events or changing market and business conditions. Known and unknown risks and uncertainties include: IDC's ability to manufacture its products with a sufficient level of quality and in volumes which satisfy market demand ;the ability of IDC to establish direct and indirect sales channels; the ability of IDC to establish industry partnerships; IDC's ability to attract and retain key personnel; the strength and breadth of IDC's patents; and other factors relating to general economic conditions, specific industry conditions and IDC's particular situation. Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...112015.pdf Source: Imaging Dynamics Company Ltd. (TSX Venture:IDL) http://www.imagingdynamics.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
IDL.VN: 0.090 (+0.005)
Imaging Dynamics Company Announces First Quarter 2015 Results
Filing Services Canada - Thu Jun 04, 8:21PM CDT
Imaging Dynamics Company Announces First Quarter 2015 Results This press release replaces the press release disseminated May 29, 2015 at 4:10PM ET. The press release had an incorrect headline and a typographical error in the fourth paragraph. The net loss for the same quarter last year was incorrectly reported as $0.398 million and it should have been $0.378 million. No other changes to the content of the press release have been made. The corrected press release is below. Calgary, Alberta (FSCwire) - Imaging Dynamics Company, Ltd. ("IDC" or the "Company" (TSX Venture: IDL-X) is pleased to announce today the financial results for the 2015 first quarter ended March 31, 2015. 2015 First Quarter Highlights Gross revenues for the first quarter of 2015 were $0.485 million compared to $0.398 million for the same quarter last year representing an increase of 21.8% in revenues. The increase in revenues during the period is mainly due to sales in the Asia-Pacific, USA and Latin America regions which have been the focus of IDC's management team over the past year. Sales and marketing, general and administrative, production and manufacturing, and research and development expenses were lower by 10.6 percent to $0.476 million from $0.533 million during the first quarter compared to the same quarter last year, due to IDC's continued cost reduction initiatives. Net loss for the first quarter ended March 31, 2015 was $0.288 million compared to a net loss of $0.378 million for the same quarter last year, a significant improvement of 23.6% in performance over the prior period results. Dr.Sidong Huang, President and CEO of the Company stated: "IDC continues to progress towards generating revenues and making improvements in its operations in 2015. The efforts demonstrated by IDC's employees, management team and Board of Directors have shown marked improvements in operating results in the first quarter." The Company'sfocus on sales and marketing efforts have resulted in increased sales from IDC's existing customer base and distribution partners, and in the development of new business relationships with new potential major customers. About Imaging Dynamics Company (IDC): IDC is a global medical imaging technology provider and innovative force in the high growth field of digital radiography (DR) technology. The Company has over 4,000 installations in 50 countries of its proprietary, award winning direct capture DR technology, which replaces conventional film-based diagnostic imaging and provides a cost-effective solution for medical facilities of all sizes to provide high quality diagnostic X-ray images and improve the level of healthcare for their patients. Throughout its history, IDC has been recognized by multiple industry organizations and research analysts such as: Frost & Sullivan and Deloitte Technology; for its dedication to innovation, global market growth, and customer focused value proposition. The Company has its corporate office in Calgary, Alberta, Canada, and a representative office in Beijing, China. Visit the IDC web site: www.imagingdynamics.com For more information, please contact: Sidong Huang President and Chief Executive Officer Imaging Dynamics Company Ltd. 1.403.251.9939 Office 1.866.975.6737 Toll Free sidong@imagingdynamics.com Statements in this release which describe IDC's intentions, expectations or predictions, or which relate to matters that are not historical facts are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties which may cause the actual results, performances or achievements of IDC to be materially different from any future results, performances or achievements expressed in or implied by such forward-looking statements. IDC may update or revise any forward-looking statements, whether as a result of new information, future events or changing market and business conditions. Known and unknown risks and uncertainties include: IDC's ability to manufacture its products with a sufficient level of quality and in volumes which satisfy market demand; the ability of IDC to establish direct and indirect sales channels; the ability of IDC to establish industry partnerships; IDC's ability to attract and retain key personnel; the strength and breadth of IDC's patents; and other factors relating to general economic conditions, specific industry conditions and IDC's particular situation. To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...042015.pdf Source: Imaging Dynamics Company Ltd. (TSX Venture:IDL) http://www.imagingdynamics.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
IDL.VN: 0.090 (+0.005)
Imaging Dynamics Company Ltd. Announces Convertible Debenture Private Placement Financing
Filing Services Canada XHTML - Thu Aug 11, 7:49AM CDT
IDL.VN: 0.090 (+0.005)
IMAGING DYNAMICS COMPANY LTD. Reports First Quarter 2016 Results
Filing Services Canada XHTML - Mon May 30, 3:44PM CDT
IDL.VN: 0.090 (+0.005)
Imaging Dynamics Company Ltd. Reports 2015 Financial Results
Filing Services Canada XHTML - Fri Apr 29, 3:35PM CDT
IDL.VN: 0.090 (+0.005)
IDC Announces the Appointments of Senior Management and Change in the Board of Directors
Filing Services Canada XHTML - Mon Jan 04, 3:53PM CST
GE: 31.35 (+0.03), IDL.VN: 0.090 (+0.005), DHR: 80.89 (-0.04)
Imaging Dynamics Company Announces 2015 Third Quarter Results
Filing Services Canada XHTML - Fri Nov 27, 3:24PM CST
IDL.VN: 0.090 (+0.005)
IDC Announces the Appointments of Chief Executive Officer and Senior Management, and Change in Board of Directors of IDC
Filing Services Canada XHTML - Tue Oct 13, 4:59PM CDT
IDL.VN: 0.090 (+0.005)
Imaging Dynamics Company Announces Closing of Convertible Debenture Private Placement Financing
Filing Services Canada - Fri Sep 25, 3:13PM CDT
Imaging Dynamics Company Announces Closing of Convertible Debenture Private Placement Financing
IDL.VN: 0.090 (+0.005)
Imaging Dynamics Company Announces 2015 Second Quarter Results, Establishes Shanghai Free Trade Zone Subsidiary, and Announces Resignation of a Director
Filing Services Canada - Fri Aug 28, 3:08PM CDT
Imaging Dynamics Company Announces 2015 Second Quarter Results, Establishes Shanghai Free Trade Zone Subsidiary, and Announces Resignation of a Director Calgary, Alberta (FSCwire) - Imaging Dynamics Company, Ltd. ("IDC" or the "Company"
(TSX Venture: IDL-X) announces today the financial results for the 2015 second quarter period ended June 30, 2015, the establishment of a Shanghai Free Trade Zone Subsidiary, and the resignation of a Director. 2015 Second Quarter Highlights Gross revenues for the second quarter of 2015 were $0.617 million compared to $0.715 million for the same quarter last year representing a decrease of 13.7% in revenues. The decrease in revenues during the period is mainly due to lower sales in the Asia-Pacific due to an economic downturn in this area, and offset by higher sales in the USA and Latin America regions. On a year-to-date basis, revenues were $1.102 million compared to $1.113 million in the prior year, a decrease of 1.0% over the comparative period. Sales and marketing, general and administrative, production and manufacturing, and research and development expenses for the second quarter increased to $0.663 million from $0.485 million during the same quarter last year, and were $1.139 million on a year-to date basis compared to $1.007 million in the prior year. Net loss for the second quarter ended June 30, 2015 was $0.620 million compared to a net loss of $0.238 million for the same quarter last year, and the net loss was $0.909 million on a year-to-date basis compared to $0.607 million for the same period last year. Dr.Sidong Huang, President and CEO of the Company stated: "IDC is committed to and continues tofocus on sales and marketing efforts to generate sales revenues from IDC's existing customer base and distribution partners, and in the development of new business relationships with new potential major customers globally. IDC Shanghai Free Trade Zone Subsidiary IDC also announces that it has established a subsidiary company in the Shanghai Free Trade Zone in China to expand IDC's business in the China market for the following purposes: (1) to set up an IDC Shanghai R&D Centre in China, and (2) to explore, develop and market new medical industry related products for sales in this region and throughout the global marketplace. Resignation of a Director The Company announces that Mr. George Chen has resigned as a Director of the Board of Directors of IDC to pursue other endeavours. On behalf of the Board of Directors, Dr. Huang would like to thank Mr. Chen for his service and contribution to the Company. About Imaging Dynamics Company IDC is a global medical imaging technology provider and innovative force in the high growth field of digital radiography (DR) technology. The Company has over 4,000 installations in 50 countries of its proprietary, award winning direct capture DR technology, which replaces conventional film-based diagnostic imaging and provides a cost-effective solution for medical facilities of all sizes to provide high quality diagnostic X-ray images and improve the level of healthcare for their patients. Throughout its history, IDC has been recognized by multiple industry organizations and research analysts such as: Frost & Sullivan and Deloitte Technology; for its dedication to innovation, global market growth, and customer focused value proposition. The Company has its corporate office in Calgary, Alberta, Canada, and a representative office in Beijing, China. Visit the IDC web site: www.imagingdynamics.com For more information, please contact: Sidong Huang President and Chief Executive Officer Imaging Dynamics Company Ltd. 1.403.251.9939 Office 1.866.975.6737 Toll Free sidong@imagingdynamics.com Statements in this release which describe IDC's intentions, expectations or predictions, or which relate to matters that are not historical facts are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties which may cause the actual results, performances or achievements of IDC to be materially different from any future results, performances or achievements expressed in or implied by such forward-looking statements. IDC may update or revise any forward-looking statements, whether as a result of new information, future events or changing market and business conditions. Known and unknown risks and uncertainties include: IDC's ability to manufacture its products with a sufficient level of quality and in volumes which satisfy market demand; the ability of IDC to establish direct and indirect sales channels; the ability of IDC to establish industry partnerships; IDC's ability to attract and retain key personnel; the strength and breadth of IDC's patents; and other factors relating to general economic conditions, specific industry conditions and IDC's particular situation. To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...282015.pdf Source: Imaging Dynamics Company Ltd. (TSX Venture:IDL) http://www.imagingdynamics.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc. IDL.VN: 0.090 (+0.005)
Imaging Dynamics Company Announces Convertible Debenture Private Placement Financing
Filing Services Canada - Tue Aug 11, 4:19PM CDT
Imaging Dynamics Company Announces Convertible Debenture Private Placement Financing Calgary, Alberta (FSCwire) - Imaging Dynamics Company, Ltd. ("IDC" or the "Company"
(TSX Venture: IDL-X) today announced a non-brokered private placement financing of unsecured Convertible Debentures for gross proceeds of up to $6,250,000 in principal amount (the "Offering" . The Convertible Debentures will have a maturity date of three years from the date of issue (the Maturity Date), will bear interest at a rate of 6.0% per year payable annually, and will be convertible into common shares of the Company at the holders option at a conversion price of $0.02 per common share for a period of three years after the Closing Date of the Offering. Subject to the completion of a proposed share consolidation as outlined below, the "post-consolidation" conversion price of the Convertible Debentures would be at $0.10 per share. The Offering is being made available pursuant to the grant of a "discretionary waiver" of the TSX Venture Exchange's ("TSXV" minimum $0.05 pricing requirement and is subject to acceptance by the TSXV. With respect to this TSXV waiver, the Company may conduct a share consolidation of the outstanding common shares of the Company on a 5:1 basis, in accordance with the applicable securities legislation, within six months of the Closing Date of the Convertible Debentures financing should the market conditions of a share consolidation be favourable to the stock price of the listed shares of the Company at that time as determined by the Board of Directors of IDC. However, the Convertible Debentures may not be converted into common shares in any portion until and unless the 5:1 share consolidation is undertaken by the Company within six months of the Closing Date, and thereafter the "post consolidation" conversion price of the Convertible Debentures will be $0.10 per common share. If the share consolidation is not successfully completed within the earlier of the next annual shareholders meeting or six months from the Closing Date, the conversion price of the common shares will then revert to $0.05 per share for the first year, and $0.10 per share for the second and third year of the term of the debt in accordance with the TSXV's minimum pricing requirements. IDC intends to use the proceeds of the Offering primarily to expand its business in the China market for the following purposes: (1) to set up an IDC Shanghai R&D Centre in China, and (2) to explore, develop and market new medical industry related products for sales in this region and throughout the global marketplace. The Offering is expected to close on or around September 10, 2015. The Convertible Debentures issued in connection with the private placement will be subject to a four month and one day hold period from the date of issuance in accordance with applicable securities laws. The Offering remains subject to certain conditions including, but not limited to, the final approval of the TSX Venture Exchange. The Offering has received approval from the Board of Directors of the Company. About Imaging Dynamics Company (IDC): IDC is a global medical imaging technology provider and innovative force in the high growth field of digital radiography (DR) technology. The Company has over 4,000 installations in 50 countries of its proprietary, award winning direct capture DR technology, which replaces conventional film-based diagnostic imaging and provides a cost-effective solution for medical facilities of all sizes to provide high quality diagnostic X-ray images and improve the level of healthcare for their patients. Throughout its history, IDC has been recognized by multiple industry organizations and research analysts such as: Frost & Sullivan and Deloitte Technology; for its dedication to innovation, global market growth, and customer focused value proposition. The Company has its corporate office in Calgary, Alberta, Canada, and also has a representative office in Beijing, China. Visit the IDC web site: www.imagingdynamics.com For more information, please contact: Sidong Huang President and Chief Executive Officer Imaging Dynamics Company Ltd. 1.403.251.9939 Office 1.866.975.6737 Toll Free sidong@imagingdynamics.com Statements in this release which describe IDC's intentions, expectations or predictions, or which relate to matters that are not historical facts are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties which may cause the actual results, performances or achievements of IDC to be materially different from any future results, performances or achievements expressed in or implied by such forward-looking statements. IDC may update or revise any forward-looking statements, whether as a result of new information, future events or changing market and business conditions. Known and unknown risks and uncertainties include: IDC's ability to manufacture its products with a sufficient level of quality and in volumes which satisfy market demand ;the ability of IDC to establish direct and indirect sales channels; the ability of IDC to establish industry partnerships; IDC's ability to attract and retain key personnel; the strength and breadth of IDC's patents; and other factors relating to general economic conditions, specific industry conditions and IDC's particular situation. Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...112015.pdf Source: Imaging Dynamics Company Ltd. (TSX Venture:IDL) http://www.imagingdynamics.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc. IDL.VN: 0.090 (+0.005)
Imaging Dynamics Company Announces First Quarter 2015 Results
Filing Services Canada - Thu Jun 04, 8:21PM CDT
Imaging Dynamics Company Announces First Quarter 2015 Results This press release replaces the press release disseminated May 29, 2015 at 4:10PM ET. The press release had an incorrect headline and a typographical error in the fourth paragraph. The net loss for the same quarter last year was incorrectly reported as $0.398 million and it should have been $0.378 million. No other changes to the content of the press release have been made. The corrected press release is below. Calgary, Alberta (FSCwire) - Imaging Dynamics Company, Ltd. ("IDC" or the "Company"
(TSX Venture: IDL-X) is pleased to announce today the financial results for the 2015 first quarter ended March 31, 2015. 2015 First Quarter Highlights Gross revenues for the first quarter of 2015 were $0.485 million compared to $0.398 million for the same quarter last year representing an increase of 21.8% in revenues. The increase in revenues during the period is mainly due to sales in the Asia-Pacific, USA and Latin America regions which have been the focus of IDC's management team over the past year. Sales and marketing, general and administrative, production and manufacturing, and research and development expenses were lower by 10.6 percent to $0.476 million from $0.533 million during the first quarter compared to the same quarter last year, due to IDC's continued cost reduction initiatives. Net loss for the first quarter ended March 31, 2015 was $0.288 million compared to a net loss of $0.378 million for the same quarter last year, a significant improvement of 23.6% in performance over the prior period results. Dr.Sidong Huang, President and CEO of the Company stated: "IDC continues to progress towards generating revenues and making improvements in its operations in 2015. The efforts demonstrated by IDC's employees, management team and Board of Directors have shown marked improvements in operating results in the first quarter." The Company'sfocus on sales and marketing efforts have resulted in increased sales from IDC's existing customer base and distribution partners, and in the development of new business relationships with new potential major customers. About Imaging Dynamics Company (IDC): IDC is a global medical imaging technology provider and innovative force in the high growth field of digital radiography (DR) technology. The Company has over 4,000 installations in 50 countries of its proprietary, award winning direct capture DR technology, which replaces conventional film-based diagnostic imaging and provides a cost-effective solution for medical facilities of all sizes to provide high quality diagnostic X-ray images and improve the level of healthcare for their patients. Throughout its history, IDC has been recognized by multiple industry organizations and research analysts such as: Frost & Sullivan and Deloitte Technology; for its dedication to innovation, global market growth, and customer focused value proposition. The Company has its corporate office in Calgary, Alberta, Canada, and a representative office in Beijing, China. Visit the IDC web site: www.imagingdynamics.com For more information, please contact: Sidong Huang President and Chief Executive Officer Imaging Dynamics Company Ltd. 1.403.251.9939 Office 1.866.975.6737 Toll Free sidong@imagingdynamics.com Statements in this release which describe IDC's intentions, expectations or predictions, or which relate to matters that are not historical facts are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties which may cause the actual results, performances or achievements of IDC to be materially different from any future results, performances or achievements expressed in or implied by such forward-looking statements. IDC may update or revise any forward-looking statements, whether as a result of new information, future events or changing market and business conditions. Known and unknown risks and uncertainties include: IDC's ability to manufacture its products with a sufficient level of quality and in volumes which satisfy market demand; the ability of IDC to establish direct and indirect sales channels; the ability of IDC to establish industry partnerships; IDC's ability to attract and retain key personnel; the strength and breadth of IDC's patents; and other factors relating to general economic conditions, specific industry conditions and IDC's particular situation. To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...042015.pdf Source: Imaging Dynamics Company Ltd. (TSX Venture:IDL) http://www.imagingdynamics.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc. IDL.VN: 0.090 (+0.005)
