IDC updates on the status of its relationship with the TMX Group stock exchanges
CALGARY, March 14, 2014 /CNW/ - Imaging Dynamics Company Ltd. ("IDC" or the "Company") (TSX:IDL) announces that the Company's common shares will be delisted from the Toronto Stock Exchange effective the close of business on March 14, 2014. IDC has applied to have its common shares listed for trading on the TSX-Venture Exchange ("TSX V"). IDC has been informed that the Listing Committee of the TSX V concluded that further review is required prior to approving the Company for listing on TSX V. As a result, it has been necessary to arrange for the common shares of the Company to be listed on NEX. Effective March 17, 2014 the common shares of the Company will trade on NEX under the symbol "IDL.H".
In connection with the NEX listing President and CEO Sidong Huang made the following comments: "We recognize that it is a great privilege to be a public company listed on a Canadian stock exchange. We thank the staff of the Toronto Stock Exchange for their assistance over the past years and look forward to building a strong relationship for IDC with the TSX Venture Exchange. In the interim, we appreciate the opportunity to ensure that our shareholders can continue to trade their shares on the NEX, a unique and separate board of TSX V."
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 4,000 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
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.
SOURCE Imaging Dynamics Company Ltd.For further information:
President and Chief Executive Officer
1.866.975.6737 Toll Free
Ms. Anna Lentz
Chief Financial Officer
1.866.975.6737 Toll Free