Health & Fitness
Health and Fitness
Health and Fitness
Thu, May 26, 2011
Wed, May 25, 2011 IMAGING DYNAMICS ANNOUNCES CHANGES TO THE BOARD OF DIRECTORS
CALGARY, May 25, 2011 /CNW/ - Imaging Dynamics Company Ltd. ("IDC" or the "Company") (TSX: IDL) a global leader in the high growth digital radiography (DR) equipment market, is pleased to announce the appointment of Mr. Shameze Rampertab, B.Sc., MBA, CA, to the Board of Directors of IDC effective May 24, 2011.
Mr. Rampertab is a seasoned business finance leader in the healthcare sector with depth of experience in capital markets, finance, strategic planning and analysis. Mr. Rampertab is currently the Vice President Finance & Chief Financial Officer for Intellipharmaceutics International Inc. (NASDAQ:IPCI; TSX:I) based in Toronto, Canada. Prior to this, he spent 14 years in capital markets serving the life sciences sector.
Mr. Rampertab currently holds his Chartered Accountant (CA) designation from the Canadian Institute of Chartered Accountants, an MBA from McMaster University in Hamilton, Ontario and received his Bachelor's degree from the University of Toronto.
"I am very pleased to welcome Mr. Rampertab to the IDC Board of Directors," said Mr. Jerry C. Cirino, Chairman of the Board. "Shameze has extensive experience in the public markets and has worked effectively with the investment community and regulatory boards. Cirino continued, "Shameze is familiar with the IDC business model and will provide Management with excellent insight as we continue to grow the business globally. Previously, Shameze followed IDC during his tenure as Senior Healthcare and Biotechnology Analyst with Jennings Capital Inc. during 2003 to 2008."
Mr. Swapan Kakumanu, IDC President & CEO commented, "Mr. Rampertab has a strong knowledge of the healthcare markets having covered many life sciences companies with various investment banks." Kakumanu continued, "I look forward to working with Shameze and welcome the insight he will bring to the Board as IDC continues to expand our market share."
"I am excited to contribute alongside with the other members of the Board and assisting Management to realize the full potential of IDC's DR solutions," commented Mr. Rampertab.
Long-time IDC Director, Richard Barno will be stepping down from the Board effective May 24, 2011. Jerry C. Cirino Chairman of the Board commented, "We would like to thank Rich for his leadership, financial expertise and the active role he took while on the IDC Board for the past 12 years. We wish him much success."
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 solution for producing high quality diagnostic images, enhancing patient care and improving workflow.
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 and PROFIT; for its consistent dedication to innovation, global growth, and customer focused value proposition.
IDC is based in Calgary, Alberta, Canada.
Visit the IDC Web site: [ 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.
