CALGARY, Nov. 14, 2012 /CNW/ - Imaging Dynamics Company Ltd. ("IDC" or the "Company") (TSX: IDL) a global leader in the high growth digital radiography (DR) equipment market, announced today the appointment of Mr. John H. Choy, ACA, FCPA, MBA, as Chief Financial Officer effective November 12, 2012.
In announcing the appointment, Mr. T.T. Lee, Company Chairman and CEO, commented, "I am very pleased that Mr. John Choy has agreed to join the IDC team. John is an experienced chief financial officer with progressive and broad finance, planning, control, legal, information technology, risk management and procurement experience in the consumer product, technology, manufacturing, service and public sectors."
Lee continued, "I expect John to assist management and the recently enhanced Board of Directors to make some important strategic decisions and help strengthen the Company. John has agreed to an initial interim role to allow himself and the Company to assess the fit for each party over the next number of months."
In addition, IDC would like to communicate that Mr. Swapan Kakumanu, who resigned as President and Chief Financial Officer of the Company effective November 10, 2012 has also resigned his position as Director.
In closing, Mr. Lee has commented, "The recent changes we have made to management and the Board of the Company were necessary to ensure that the Company is in a position to pursue the significant opportunities that lie ahead for IDC."
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 with approximately 3,000 installations in 50 countries. IDC's product line of CCD-based X-Series direct capture technology and 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 workflow; 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 dedication to innovation, global growth, and customer focused value proposition.
The IDC head office is based in Calgary, Canada with business offices in Hong Kong and 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.
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Chairman and Chief Executive Officer