Karim Teja resigns as COO, Michael Shannon named Senior Vice President of
Operations, Kevin Meyers named Vice President of Operations
CALGARY, Oct. 25 /CNW/ - IDC (Imaging Dynamics Company Ltd.) (TSX: IDL),
today announced that Karim Teja, Chief Operating Officer, will resign
effective October 31, 2007 for personal reasons. He will maintain a consulting
role with the company to facilitate an orderly transition. Mr. Teja joined IDC
in 1999, and had served as the company's CFO until June, 2006.
"Leaving the company was a difficult decision, but made for personal
reasons," said Karim Teja. "I joined the company eight years ago with the
conviction that this Company and its technology had the potential to become a
market leader. Today IDC has achieved this recognition and I am proud to have
been a part of it. The Company is poised for continued success and I am
committed to providing a smooth transition."
"From the beginning, on a personal and professional level, Karim has been
a huge part of IDC and the growth and success of this Company," said
Darryl Stein, President and CEO of IDC. "We are all extremely grateful for his
years of dedication and respect his decision to step down."
Michael Shannon has been named Senior Vice President of Operations and
brings more than 30 years experience to IDC in production, manufacturing,
regulatory and product development. This includes 23 years with Nortel where
he was the recipient of the Nortel Networks CEO's Award for Innovation and was
responsible for worldwide wireless operations for the Sanmina-SCI Corporation.
Kevin Meyers recently joined IDC as Vice President of Operations, and
brings more than 17 years of experience in product manufacturing and supply
chain strategy. Most recently, he was VP of Operations at BW Technologies, a
Calgary based global technology company purchased by Honeywell International.
IDC (Imaging Dynamics Company) is a medical technology company and
innovative force in the fast-growing field of digital radiography (DR)
technology. IDC's X-Series of direct capture technology replaces conventional
film-based X-rays and provides a cost-effective alternative to cassette based
film or computed radiography (CR) systems.
Each IDC DR solution provides high resolution radiographic images in the
digital format required for today's electronic medical record networks, all
without the use of film, environmentally harmful chemicals, cassettes or
expensive imaging plates. In addition to its number one ranking for customer
service by MD Buyline, IDC is the recipient of the 2007 Frost & Sullivan
Technology Innovation Award and is among the 2007 Deloitte Technology Fast
500, which ranks the fastest growing technology, media, telecommunications and
life sciences companies in North America.
IDC is based in Calgary, Alberta, Canada.
You may also 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
For further information:
For further information: Ms. Michelle Naismith, Marketing Manager, IDC,