Diagnostic Imaging International Corp.
OTC Bulletin Board : DIIG

Diagnostic Imaging International Corp.

February 18, 2010 15:06 ET

Diagnostic Imaging International Corp. Announces Plan for MRI Clinic Acquisition

LAS VEGAS, NEVADA--(Marketwire - Feb. 18, 2010) - Diagnostic Imaging International Corp. (OTCBB:DIIG) announced today that is now in the process of exploring potential acquisitions for a standalone MRI clinic.

As part of the DIIG business objective, in addition to expanding Canadian Teleradiology Services ("CTS"), DIIG's mandate is to set up MRI clinics in the United States, with an anticipated target of acquiring at least one clinic per year over the next 3 years.

The acquisition of an MRI clinic should greatly enhance the Company's EBITDA and increase shareholder value. Management is targeting clinics that are currently generating up to $3 million per year in revenue and earning up to $1 million in EBITDA.

The acquisition of an MRI clinic would provide DIIG a second revenue stream and compliment the Company's teleradiology business. DIIG's teleradiology subsidiary, CTS, currently services more than 15 hospitals. Recently, it was announced that CTS has signed a new contract that may increase Company revenues by up to 25%.

"The decision to actively pursue the second phase of our business plan demonstrates our commitment to growing the Company", said Mr. Mitchell Geisler, CEO. "While the expansion of CTS is still one of our main priorities, the groundwork must now be laid to grow the Company within the healthcare sector."

To find out more about Diagnostic Imaging International Corp. (OTCBB:DIIG), visit our website at www.diig.biz. Or contact the Company directly at (877) 331-3444.

About DIIG

Diagnostic Imaging International Corp., ("DIIG") is planning to acquire diagnostic imaging clinics including MRI clinics, Computed Tomography scan equipment, and to evaluate future opportunities for Positron Emission Tomography clinics. DIIG owns and operates CTS, a Teleradiology company. Teleradiology is the process of assessing radiological patient images, such as x-rays, CTs, and MRIs, from one location to another for the purposes of interpretation and/or consultation. CTS provides remote radiology (teleradiology) technology to hospitals and practices, on-call 24 hours a day, 7days a week. CTS connects clients with a global teleradiology network, providing access to global partner facilities and American and Canadian board-certified radiologists.

This news release includes forward-looking statements that reflect Diagnostic Imaging International Corp.'s current expectations about its future results, performance, prospects and opportunities. Diagnostic Imaging International Corp. has tried to identify these forward-looking statements by using words and phrases such as "may", "will", "expects", "anticipates", "believes", "intends", "estimates", "should", "typical", "we are confident" or similar expressions. These forward-looking statements are based on information currently available to Diagnostic Imaging International Corp. and are subject to a number of risks, uncertainties and other factors that could cause the Company's actual results, performance, prospects of opportunities in the remainder of 2010 and beyond, to differ materially from those expressed in, or implied by, these forward-looking statements.

Contact Information

  • Diagnostic Imaging International Corp.
    (877) 331-3444