Navigation Links
Diagnostic Imaging - Enters Purchase Agreement to Acquire Teleradiology Company
Date:11/10/2008

LAS VEGAS, NV, Nov. 10 /PRNewswire-FirstCall/ - Diagnostic Imaging International Corp. (OTCBB: DIIG) announced today that the Company has entered a purchase agreement to acquire Canadian Teleradiology Services (CTS).

CTS specializes in Teleradiology, the remote readings of MRI's, CT, PET, CAT and X-rays. This service allows hospitals in remote areas to provide radiology services to its indigenous community 24hrs per day. In large population centers, CTS can assist with the overwhelming shortage of radiologists. CTS has a proven formula that assists both rural and urban hospitals.

CTS was established in 2005 and is growing its hospital service base each year. Revenues have been increasing each year and CTS continues to sign up more hospitals for its services. While Teleradiology is a large business in the U.S. that provides a crucial service to the healthcare industry, it is still in its infancy in Canada where CTS is located and now is positioning itself to be a leader in the field.

Details of the acquisition can be found in the Company's 8-K filing.

The acquisition is contingent on financing and a due diligence review of CTS.

If all the conditions to closing are satisfied, including the financing and due diligence review, the anticipated closing date is December 2, 2008.

"The acquisition of CTS will allow Diagnostic Imaging to begin realizing revenues and cash flow and provide a needed service to the healthcare market." said Richard Jagodnik, CEO.

To find out more about Diagnostic Imaging International Corp. (OTCBB: DIIG), visit our website at http://www.diig.biz or contact the Company directly at 877-331-3444.

About the Company

Diagnostic Imaging International Corp. plans to open, acquire and operate diagnostic imaging clinics in Canada and the United States. The Company's mission is to provide quality MRI services to its clients, delivering convenience, accuracy and the highest standard of care and service. The Company's mandate is to make available, on a timely basis, imaging services for individuals, physicians, workers compensation boards and insurance companies. In addition, DIIC is also interested in CT scan equipment and will examine future opportunities for PET (Positron Emission Tomography) clinics.

This news release includes forward-looking statements that reflect Diagnostic Imaging International Corp. and its subsidiary companies current expectations about its future results, performance, prospects and opportunities. Diagnostic Imaging International Corp. has tried to identify these forward-looking statements by using words and phrases such as "may", "will", "expects", "anticipates", "believes", "intends", "estimates", "should", "typical", "we are confident" or similar expressions. These forward-looking statements are based on information currently available to Diagnostic Imaging International Corp. and are subject to a number of risks, uncertainties and other factors that could cause Diagnostic Imaging International Corp.'s actual results, performance, prospects or opportunities in the remainder of 2008 and beyond to differ materially from those expressed in, or implied by, these forward-looking statements.


'/>"/>
SOURCE Diagnostic Imaging International Corp.
Copyright©2008 PR Newswire.
All rights reserved

Related biology technology :

1. Global Agricultural and Environmental Diagnostics Market to Reach $2.4 Billion by 2012, According to New Report by Global Industry Analysts
2. Enigma Diagnostics Announces Patent Licence With Applied Biosystems
3. Golub Capital Provides Debt Financing to Support the Acquisition of DNA Diagnostics Center, Inc. by MTS Health Investors, LLC
4. Exiqon A/S Announces U.S. Subsidiary Name Change From Oncotech, Inc. to Exiqon Diagnostics, Inc.
5. Cepheid Molecular Diagnostic Test for MRSA and S. aureus Categorized Moderate Complexity by FDA
6. Axial Biotech Appoints Retired Roche Diagnostics Executive to Board
7. Imaging Diagnostic Systems Sells Its CT Laser Mammography System to Budapest, Hungary
8. Pathwork Diagnostics Announces Key Additions to Management Team
9. Imaging Diagnostic Systems Receives its First Order for its CT Laser Mammography System for Israel
10. InformationWeek Puts Roche Diagnostics on Top 500 Innovative Tech Users List
11. Fujirebio Diagnostics Named One of the Best Places to Work in Pennsylvania
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/11/2017)... ... October 11, 2017 , ... Disappearing forests and increased emissions are ... 5.5 million people each year. Especially those living in larger cities are affected by ... in one of the most pollution-affected countries globally - decided to take action. , ...
(Date:10/10/2017)... ... October 10, 2017 , ... ... program has won a US2020 STEM Mentoring Award. Representatives of the FirstHand program ... in Volunteer Experience from US2020. , US2020’s mission is to change the trajectory ...
(Date:10/10/2017)... ... October 10, 2017 , ... The Pittcon ... awards honoring scientists who have made outstanding contributions to analytical chemistry ... Pittcon 2018, the world’s leading conference and exposition for laboratory science, which will ...
(Date:10/9/2017)... ... October 09, 2017 , ... ... 5, 2017, in the medical journal, Epilepsia, Brain Sentinel’s SPEAC® System which ... video EEG, in detecting generalized tonic-clonic seizures (GTCS) using surface electromyography (sEMG). ...
Breaking Biology Technology:
(Date:4/11/2017)... Research and Markets has announced the addition of the ... ... grow at a CAGR of 30.37% during the period 2017-2021. ... prepared based on an in-depth market analysis with inputs from industry ... over the coming years. The report also includes a discussion of ...
(Date:4/5/2017)... NEW YORK , April 5, 2017 ... security, is announcing that the server component of the ... is known for providing the end-to-end security architecture that ... customers. HYPR has already secured over 15 ... system makers including manufacturers of connected home product suites ...
(Date:3/30/2017)... 30, 2017 The research team of The ... (3D) fingerprint identification by adopting ground breaking 3D fingerprint minutiae recovery ... of speed and accuracy for use in identification, crime investigation, immigration ... ... A research team ...
Breaking Biology News(10 mins):