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IMAGING DYNAMICS COMPANY ANNOUNCES PRIVATE PLACEMENT

IMAGING DYNAMICS COMPANY ANNOUNCES PRIVATE PLACEMENT



Calgary, Canada – August 7, 2013 – Imaging Dynamics Company Ltd. (“IDC” or the “Company”) (TSX:IDL), a global leader in the high growth medical imaging technology and digital radiography (DR) equipment market, today announced results from its Annual and Special Meeting of Shareholders held in Calgary, Alberta on August 6, 2013 (the “Meeting”).

The Company received Shareholder approval for the previously announced non-brokered private placement of 300,000,000 common shares in the capital of the Company (a “Common Share”) with Kangda International Medical Canada Company Ltd. (“Kangda Canada”) at a price of $0.0046 per Common Share for gross proceeds of $1,380,000 (the “Private Placement”).  The Private Placement will coincide with a sale by Belfry Medical Holdings Ltd. of 200,000,000 Common Shares to Kangda Canada at the same price per share as the Private Placement.

Proceeds from this Private Placement will be used for general working capital and corporate purposes. The Common Shares issued in connection with the Private Placement will be subject to a four month hold period from the date of issuance in accordance with applicable securities law.

The Company also received Shareholder approval for the following Board appointments effective immediately:  Fan Hong, Alfred Yu, Qiang Jin Liu, Paul Lin and Steve Delaney.  Mr. Ting Tsuen Lee and Dr. Sidong Huang have been reappointed.  Mr. Lee will continue as a Director, Chairman and Chief Executive Officer of the Company until the closing of the Private Placement, at which time he will be retiring as an officer and director.

About Imaging Dynamics Company (IDC):


IDC is a global medical imaging technology provider and innovative force in the high growth field of digital radiography (DR) technology.

The Company has over 3,000 installations in 50 countries of its proprietary, award winning direct capture DR technology, which replaces conventional film-based diagnostic imaging and provides a cost-effective solution for medical facilities of all sizes to provide high quality diagnostic X-ray images and improve the level of healthcare for their patients.

Throughout its history, IDC has been recognized by multiple industry organizations and research analysts such as: Frost & Sullivan and Deloitte Technology; for its dedication to innovation, global market growth, and customer focused value proposition.

The Company has its corporate office in Calgary, Canada, a business office in Hong Kong, and a representative office in Beijing, China.

Visit the IDC web site:  www.imagingdynamics.com

For more information, please contact:

Yi Liu 

Vice President                                                             

 1.403.251.9939 Office 

 1.866.975.6737 Toll Free  

yliu@imagingdynamics.com 

 

Mr. Eugene Woychyshyn                        

Chief Financial Officer

 1.403.251.9939 Office

 1.866.975.6737 Toll Free

investor@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.