Navigation Links
Southridge LLC Provides Funding Through Private Equity Agreement with Imaging Diagnostic Systems, Inc.
Date:12/14/2009

NEW YORK, Dec. 14 /PRNewswire/ -- Southridge LLC ("Southridge"), an investment firm that provides financing to small-cap and micro-cap companies, is pleased to announce that its affiliated fund has closed a private agreement which can provide up to $15 million in equity financing to Imaging Diagnostic Systems, Inc. (OTCBB: IMDS).

"Through the years of financing the growth of Imaging Diagnostic Systems, Southridge has paved a way for IMDS to continually produce new developments in the field of early breast cancer detection," said Stephen Hicks, founding principal of Southridge LLC.

IMDS is a revolutionary medical technology company located in Plantation, Florida, which has developed a new imaging device to aid in the detection and management of breast cancer. The Company's Computed Tomography Laser Mammography (CTLM®) system is designed to detect breast abnormalities in a non-invasive procedure through the use of non-invasive laser technology. Since the establishment of the Company in December 1994, IMDS has been engaged in the development and testing of the system. Currently seeking United States FDA approval, IMDS has commercialized the CTLM® system in certain international markets.

IMDS has entered the final stages of the FDA Pre-Market approval process for its CTLM ® patented breast imaging system. The company has received CE Marking, CMDCAS (Canada), Canadian License, UL listing, ISO 9001:2000 ISO 13485:2003 certification, China SFDA and FDA export certification, enabling sales in international markets.

Southridge seeks strategic investments in emerging growth areas, domestically and in international markets. Southridge has successfully participated in financings in markets ranging from the United Kingdom, to companies based in China and Australia and others listed on United States domestic exchanges.

About Southridge LLC

Southridge LLC is a diversified financial holding company offering a wide range of products and services, including Fund Management, Investment Banking, Merchant Banking, Wealth Management and Business Solutions. For more information please visit www.southridgellc.com.

SOURCE Southridge LLC


'/>"/>
SOURCE Southridge LLC
Copyright©2009 PR Newswire.
All rights reserved

Related medicine technology :

1. New National Pharmaceutical Council Report Provides Guidance on Evaluating Comparative Effectiveness Studies
2. Simcere Pharmaceutical Group Provides Update on Jiangsu Yanshen
3. CryoLife Provides Initial 2010 Financial Guidance
4. CardioGenics Provides Update on Agreement with Merck Chimie for Its Silver Coated Paramagnetic Beads
5. Cornerstone Therapeutics Provides a Response to FDA Warning Letter on Deconsal
6. Mersana Therapeutics Provides Clinical Update from Ongoing Phase 1 Study of XMT-1001 in Patients with Advanced Solid Tumors
7. Cyberonics Provides Update on Tax Position
8. New Database from ANSI, AAMI, ASTM International, and DIN Provides Centralized Source of Information for Medical Device Professionals
9. Access Pharmaceuticals Provides Update on MuGard Commercial Launch in North America
10. GeoVax Labs, Inc. Provides Third Quarter 2009 Financial Results and Operational Update
11. Medivation Reports Third Quarter 2009 Financial Results and Provides Corporate Update
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/9/2016)... Dec. 9, 2016  Harmar Mobility, LLC announced today that Steven ... of the Board of Directors. Photo - http://photos.prnewswire.com/prnh/20161209/447552 ... ... Mr. Dawson,s executive career includes ... across a variety of industries. He brings to the company deep ...
(Date:12/9/2016)... Research and Markets has announced the addition of the ... ... vaccines market to grow at a CAGR of 6.83% during the ... the growth prospects of the global travel vaccines market for 2016-2020. ... from the sales of various vaccines administered to actively immunize meningococcal ...
(Date:12/8/2016)... 2016 IRIDEX Corporation (NASDAQ: IRIX ) ... of common stock, $0.01 par value (the "Offering" with such ...  The final terms of the Offering will depend on market ... can be no assurance as to whether or when the ... the net proceeds it will receive from this offering for ...
Breaking Medicine Technology:
(Date:12/9/2016)... ... December 09, 2016 , ... Groth Family Insurance, a Washington-based ... is initiating a charity drive to support the family of Cindy Hendrickson, a ... , On October 29th of this year, Cindy Hendrickson swerved to avoid ...
(Date:12/9/2016)... ... 09, 2016 , ... The Justin Veatch Fund announced Thursday that ... the film Whispering Spirits and its discussion guide for use by all ... tool in the war against teen drug abuse. NCADD is the oldest anti-addiction ...
(Date:12/9/2016)... ... December 09, 2016 , ... The Holy Name ... New York, NY, on December 3rd, to benefit Holy Name Medical Center's programs ... event, which raised over $1 million - the largest event in the Center's ...
(Date:12/8/2016)... ... December 08, 2016 , ... ... Insights beginning January 1, 2017. The name change aligns the entire company ... and improving health care quality. , “We are very proud of the achievements ...
(Date:12/8/2016)... ... December 08, 2016 , ... ... that “Natural Language Processing–Enabled and Conventional Data Capture Methods for Input to Electronic ... Informatics . , Results of the comparative usability study demonstrate that a dictation-based ...
Breaking Medicine News(10 mins):