Diagnostic Imaging International Corp.

Diagnostic Imaging International Corp.

December 03, 2012 09:00 ET

Diagnostic Imaging International Corp. Final Arrangement to Close Acquisition Purchase

LAS VEGAS, NEVADA--(Marketwire - Dec. 3, 2012) - Diagnostic Imaging International Corp. (OTCQB:DIIG)(PINKSHEETS:DIIG) is pleased to announce that it has entered into an amendment of the Share Purchase Agreement with the owners of an MRI facility (the "Facility") that was originally agreed to on August 13, 2012. The new amendment extends the closing date of the original transaction to December 10, 2012.

The Company had previously paid a $40,000 deposit and is currently holding sufficient funds in escrow to complete the transaction and, subject to the satisfaction or waiver of all of the closing conditions, including the necessary financing, the Company expects to close the transaction by December 10, 2012.

The Company is currently working with the Facility management to arrange for an orderly transition including all of the administration and accounting functions of the Facility.

Consummation of the transaction is subject to certain customary closing conditions, including, among other things, the satisfactory completion of the Company's due diligence review of the Facility, the continued regulatory compliance of the Facility, and the continued employment of specified personnel of the Facility. Additionally, the acquisition of the Facility may be abandoned by the Company at any time, in its sole discretion.

To find out more about Diagnostic Imaging International Corp. (OTCQB:DIIG)(PINKSHEETS:DIIG), visit our website at www.diig.biz.

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 2012 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