Innovative, Technology Driven Public Company

IDC is a global Digital Radiography (DR) specialist, focused on producing high performance DR systems without the complication and distraction of other business interests.

Based in Calgary, Alberta; IDC is a publicly held company trading on the Toronto Stock Exchange (TSX) under the symbol IDL and is incorporated under the laws of Alberta, Canada.

In the past few years IDC has experienced strong growth as its expanded DR product lines have gained tremendous traction in the global market.

IDC FILES PROSPECTUS AND ISSUES RIGHTS OFFERING

CALGARY, June 4, 2010 - Imaging Dynamics Company Ltd. (IDC) (TSX: IDL), a global supplier in the high growth digital radiography (DR) equipment market, announced that it has filed a preliminary short form prospectus dated June 3, 2010 to issue rights to all shareholders at the applicable record date to purchase common shares of the Company.

The rights and the common shares issuable on the exercise of the rights will be qualified by the prospectus. The rights will trade for a period of at least 21 days to allow shareholders who do not wish to exercise their rights an opportunity to sell such rights. Shareholders will be allowed to subscribe for as many common shares as they wish in order to participate in a pro-rate allocation of common shares issuable on rights not otherwise exercised. The Company anticipates that the rights offering will be closed by July 15, 2010.

The Company intends to use the net proceeds from the rights offering to provide working capital, new product introductions and for general corporate purposes. Completion of the rights offering is subject to receipt of applicable regulatory approvals and consents.

IDC continues to maintain visibility in the International market as a trusted provider of CCD-based DR technology. 
 

Mr. Swapan Kakumanu, Executive Vice President & CFO was interviewed by the Editor of CEO/CFO, an online publication that covers publicly traded companies. 

“Predominately if you go back 4 or 5 years ago and look at IDC, our market share was North America, and that being the United States. Over the last 3 years, we have been trending more towards the emerging markets, especially China. We are very strong in China, Latin America, India, the Middle East and Europe. At this point, we sell close to 50% to North America and 50% to the emerging countries of China, Latin America and India.” - Swapan Kakumanu

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