|IDC Q3 2016 Results|
IDC Reports Highest Quarterly Revenue Since 2013
Calgary, Alberta, November 29, 2016 - Imaging Dynamics Company Ltd. ("IDC" or the "Company") (TSXV: IDL) reports its financial results for the three and nine months ended September 30, 2016.
2016 Third Quarter Highlights
The third quarter of 2016 saw IDC record its third consecutive revenue growth quarter and its highest quarterly revenue since Q4 of 2013. The following demonstrates the continued successful execution of the Company’s redefined strategic direction and sales strategies:
“I am very pleased with the success we are achieving; I believe 2016 will go down as IDC’s turnaround year.” said Mr. Yucheng Zhou, IDC’s CEO and Chairman. “The consecutive quarterly sales growth and this quarter being the highest quarterly revenue in almost three years clearly demonstrates a renewed interest in IDC and our product offering, especially in China. Combine this with the recently closed financing and the excellent responses received at the recent CMEF show and RSNA, I am very excited in IDC’s future growth and potential.”
A conference call to discuss the quarter’s results is not planned at this time. The Company’s interim condensed consolidated financial statements for the three and nine months ended September 30, 2016 and the related management discussion and analysis are available on Sedar.com.
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 thousands of 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 sales and marketing office in Beijing, China, and also operations, research and development centres in Calgary, Canada and Shanghai, China.
Visit the IDC web site: www.imagingdynamics.com
For more information, please contact:
Chief Financial Officer
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.
Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES