Health & Fitness
Health and Fitness
Health and Fitness
Thu, September 23, 2010
Wed, September 22, 2010
CALGARY, Sept. 22 /CNW/ - Imaging Dynamics Company Ltd. ("IDC" or the "Company") (TSX: IDL), a global supplier in the high growth digital radiography equipment market, announced that it has completed its previously announced rights offering. The Company issued 49,193,698 Common Shares at $0.03 per share for gross proceeds of $1,475,810.94. The Company currently has 136,441,782 issued and outstanding Common Shares.
The Company will use the net proceeds from the rights offering to provide working capital, new product introductions and for general corporate purposes.
About Imaging Dynamics Company (IDC):
IDC is a medical devices technology company and innovative force in the high growth field of digital radiography (DR) technology. IDC's product line of CCD-based X-Series direct capture technology replaces conventional film-based diagnostic imaging and provides a cost-effective alternative to flat panel (TFT) technology and computed radiography (CR) systems.
Each IDC DR solution provides high resolution radiographic images in the digital format required for today's PACS (Picture Archiving & Communication Systems) and the growing requirements for the electronic health record, all without the use of film, environmentally unfriendly chemicals, cassettes or expensive imaging plates.
Throughout its history, IDC has been recognized by multiple industry organizations and research analysts such as: Frost & Sullivan, Deloitte Technology, MD Buyline, KLAS Enterprises and PROFIT; for its consistent dedication to innovation, global growth and customer focused value proposition.
IDC is based in Calgary, Alberta, Canada and trades on the TSX under the symbol "IDL" and has approximately 136.44 million shares outstanding. For more information, visit [ www.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.
