CALGARY, Sept. 13, 2011 /CNW/ - Imaging Dynamics Company Ltd. ("IDC" or the "Company") (TSX: IDL) a
global leader in the high growth digital radiography (DR) equipment
market, is pleased to announce the appointment of Mr. Shameze
Rampertab, B.Sc., MBA, CA, as Chairman of the Board of Directors of IDC
effective September 13, 2011. Former Chairman, Mr. Jerry Cirino,
continues to serve the Company as a Director.
"The Board and I thank Mr. Rampertab for taking on this new role and his
commitment to the future of IDC as we look at several strategic options
to kick start growth in the highly competitive diagnostic imaging
market and generate shareholder value," stated Mr. Swapan Kakumanu, IDC
President and Chief Executive Officer. "As IDC continues to seek out
new capital opportunities for the Company, Shameze's experience in the
capital markets will be a valuable asset to IDC's continued global
"I am delighted to accept this appointment to lead Imaging Dynamics
through its next phase of development and to demonstrate its value to
our shareholders", said Mr. Rampertab. "Thank you to the IDC Board of
Directors for their confidence in allowing me to take on such a
strategic role during this period for the Company." Mr. Rampertab
joined the IDC Board as Director in May 2011.
Mr. Cirino, who has been a Board member and Chairman for over four
years, will step down as Chairman effective September 13, 2011 and
continue to provide expertise and support as a Director of the Board.
Mr. Cirino commented, "Our Company has successfully evolved through a
major constructive period. I am honoured to have been a part of this
mission and look forward to entering the value creation phase. "
"On behalf of the IDC team I would like to thank Jerry for the
leadership he has provided IDC during his tenure as Chairman,"
commented Mr. Kakumanu. "We appreciate that he will stay on the Board
and continue to share his experience. I personally thank him for the
guidance and strategic support he provided me as we went through
several senior management changes at IDC over the past four years."
About Imaging Dynamics Company (IDC):
IDC is a medical devices technology company and innovative force in the
high growth field of digital radiography (DR) technology. IDC's product
line of CCD-based X-Series direct capture technology and the new
innovaXion Flat Panel technology replaces conventional film-based
diagnostic imaging and provides a cost-effective solution for producing
high quality diagnostic images, enhancing patient care and improving
Each IDC DR solution provides high resolution radiographic images in the
digital format required for today's (PACS) Picture Archiving &
Communication Systems and the growing requirements for the electronic
health record, all without the use of film, environmentally unfriendly
chemicals, and cassettes.
Throughout its history, IDC has been recognized by multiple industry
organizations and research analysts such as: Frost & Sullivan, Deloitte
Technology and PROFIT; for its consistent dedication to innovation,
global growth, and customer focused value proposition.
IDC is based in Calgary, Alberta, Canada.
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:
Mr. Swapan Kakumanu
President & Chief Executive Officer