Diagnos Inc.

Diagnos Inc.

February 04, 2010 09:57 ET

DIAGNOS Announces Major Growth Initiative in Latin America

BROSSARD, QUEBEC--(Marketwire - Feb. 4, 2010) - DIAGNOS inc. ("DIAGNOS" or "the Corporation") (TSX VENTURE:ADK), a leader in the use of artificial intelligence and advanced knowledge extraction techniques, announces today that it has signed a Memorandum of Understanding (MoU), and associated Non-Disclosure Agreement with OFTALMOLASER DE MEXICO S.A. DE C.V. (Oftalmolaser), the medical subsidiary of GRUPO DEVLYN, S.A. De C.V. (Devlyn). Devlyn is the largest optical chain in Latin America with over 700 optical outlets and 7 ophthalmic clinics.

Under the terms of the MoU, DIAGNOS and Oftalmolaser will work together to implement DIAGNOS' Computer Assisted Retinal Analysis (CARA) technology in Oftalmolaser medical clinics and Devlyn optical outlets. The service will include automated image processing (enhancement and analysis), as well as professional grading, for a cost of $15 per exam.

"Grupo Devlyn's leadership in providing ophthalmology services and their commitment to community service, including screening and blindness prevention, make them an ideal partner for DIAGNOS. We look forward to growing the delivery of ophthalmology services in Latin America with Grupo Devlyn" said Peter Nowacki, DIAGNOS' Vice-President - Healthcare.

"Given our commitment as a family and as a business to the health of our communities, we hope to use DIAGNOS' technology to support our screening for eye diseases at our chain of optical stores, increase the rate and quality of referrals for treatment in our medical clinics, and ultimately to make a difference in the vision care of 15 million Mexicans with diabetes, 50% of whom are undiagnosed" said Andrew Devlyn, Grupo Devlyn's Medical Division Director.

About Oftalmolaser

Oftalmolaser is a subsidiary of Grupo Devlyn and is a major provider of ophthalmic medical services, including surgical, services to its clients. Oftalmolaser currently operates 7 medical clinics in Mexico, and is growing its business throughout the region.

About Devlyn

Founded in 1963, Grupo Devlyn is private company that operates a retail chain of over 700 optical stores in Mexico, Central America and California, and is the largest optical chain in Latin America.


Founded in 1998, DIAGNOS is a publicly traded Canadian corporation (TSX VENTURE:ADK), with a mission to commercialize technologies combining contextual imaging and traditional data mining thereby improving decision-making processes. DIAGNOS offers products, services, and solutions to clients in a variety of fields including healthcare, natural resources, and entertainment.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

For further information, please visit our website at www.diagnos.com or the SEDAR website at www.sedar.com.

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