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MGC Diagnostics Corporation Reports Third Quarter Fiscal Year 2012 Operating Results
Date:8/30/2012

ently announced a corporate rebranding initiative that included a change in the name of the Company to MGC Diagnostics Corporation. We believe that the new name more clearly communicates to our medical industry customers that we provide leading-edge cardio-pulmonary diagnostic technology based on the long and distinguished reputation of our MedGraphics brand. MGC Diagnostics will be a more proactive, forward-looking organization with a renewed dedication to product innovation, unmatched customer service and support, and always anticipating and creating solutions, technologically as well as in customer support, to solve unmet needs.

"As part of the rebranding initiative we have introduced a new logo, a new website, a new corporate identity package, and a new ticker symbol. The development of these new corporate branding initiatives had a moderate negative impact on the financial results of the just concluded third quarter, but we believe we will generate a solid return on our investment in the coming years."

Dr. Lehman concluded, "All in all, we are pleased with the continued progress in repositioning this company for consistent growth and profitability in the coming years. With our rebranding and corporate initiatives completed, we anticipate a very bright future for the Company.Discontinued Operations
In reporting these results for the three and nine months ended July 31, 2012 and 2011, the Company is presenting results from its New Leaf business line as "discontinued operations."  In December 2011, the Company announced that its Board of Directors had determined that it would seek strategic alternatives, including the possibility of a sale, of the New Leaf business and that it had hired an investment banker to assist it in this process.  In May 2012, the Company entered into a letter of intent with a non-affiliated third party for the sale of the New Leaf business.  The Company announced earlier today it sold the assets of its Ne
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SOURCE MGC Diagnostics Corporation
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