CALGARY, May 25, 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, to the Board of
Directors of IDC effective May 24, 2011.
Mr. Rampertab is a seasoned business finance leader in the healthcare
sector with depth of experience in capital markets, finance, strategic
planning and analysis. Mr. Rampertab is currently the Vice President
Finance & Chief Financial Officer for Intellipharmaceutics
International Inc. (NASDAQ: IPCI; TSX:I) based in Toronto, Canada. Prior
to this, he spent 14 years in capital markets serving the life sciences
Mr. Rampertab currently holds his Chartered Accountant (CA) designation
from the Canadian Institute of Chartered Accountants, an MBA from
McMaster University in Hamilton, Ontario and received his Bachelor's
degree from the University of Toronto.
"I am very pleased to welcome Mr. Rampertab to the IDC Board of
Directors," said Mr. Jerry C. Cirino, Chairman of the Board. "Shameze
has extensive experience in the public markets and has worked
effectively with the investment community and regulatory boards. Cirino
continued, "Shameze is familiar with the IDC business model and will
provide Management with excellent insight as we continue to grow the
business globally. Previously, Shameze followed IDC during his tenure
as Senior Healthcare and Biotechnology Analyst with Jennings Capital
Inc. during 2003 to 2008."
Mr. Swapan Kakumanu, IDC President & CEO commented, "Mr. Rampertab has a
strong knowledge of the healthcare markets having covered many life
sciences companies with various investment banks." Kakumanu continued,
"I look forward to working with Shameze and welcome the insight he will
bring to the Board as IDC continues to expand our market share."
"I am excited to contribute alongside with the other members of the
Board and assisting Management to realize the full potential of IDC's
DR solutions," commented Mr. Rampertab.
Long-time IDC Director, Richard Barno will be stepping down from the
Board effective May 24, 2011. Jerry C. Cirino Chairman of the Board
commented, "We would like to thank Rich for his leadership, financial
expertise and the active role he took while on the IDC Board for the
past 12 years. We wish him much success."
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 replaces
conventional film-based diagnostic imaging and provides a
cost-effective solution for producing high quality diagnostic images,
enhancing patient care and improving workflow.
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, cassettes or expensive imaging plates.
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
Ms. Michelle Brown
Director, Global Marketing & Business Development