July 21, 2009
Diagnostic Imaging International Corp.
CTS New Hospital Contract With Potential to Increase Revenue by 10%
Las Vegas, NV - July 21, 2009 - Diagnostic Imaging International Corp. (OTCBB: DIIG) announced today that its wholly-owned subsidiary, Canadian Teleradiology Services ("CTS"), has entered into a new agreement to provide services to a hospital in south-eastern Ontario.
In July CTS entered into a contract with a new client hospital. CTS hardware has been installed, and the Company's radiologist service is ongoing. The contract engages CTS for Teleradiology services at various times over the summer months. Towards the end of 2009, the hospital is increasing its diagnostic modalities to include a CT machine. The Hospital has notified CTS that it plans to use the Company's services on a full-time basis beginning in the fall of 2009.
CTS anticipate's an increase of up to about 10% of current company revenues resulting from the new contract. The Company can achieve this milestone by earning 50% of the new client's imaging business.
Today's announcement brings the total number of new contracts CTS has signed since March to five. Management continues to aggressively expand CTS as the Company concentrates on increasing revenue and profits with a focus on increasing shareholder value.
"CTS is positioning itself as the leader in Teleradiology in Canada", said Richard Jagodnik, President. "We look forward to building new business relationships with more hospitals where communities require our services".
To find out more about Diagnostic Imaging International Corp. (OTCBB: DIIG), visit our website at diig.biz. Or contact the Company directly at (866) 223-2005.
This news release includes forward-looking statements that reflect Diagnostic Imaging International Corp.'s current expectations about its future results, performance, prospects and opportunities. Diagnostic Imaging International Corp. has tried to identify these forward-looking statements by using words and phrases such as "may", "will", "expects", "anticipates", "believes", "intends", "estimates", "should", "typical", "we are confident" or similar expressions. These forward- looking statements are based on information currently available to Diagnostic Imaging International Corp. and are subject to a number of risks, uncertainties and other factors that could cause the Company's actual results, performance, prospects of opportunities in the remainder of 2009 and beyond, to differ materially from those expressed in, or implied by, these forward-looking statements.