January 12, 2010
Diagnostic Imaging International Corp.
CTS Announces Large Contract with New Client Hospital
Las Vegas, NV - January 12, 2010 - 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 Teleradiology services to a hospital in south-western Ontario.
CTS signed a new contract to provide teleradiology services to a large hospital. CTS hardware has already been installed on site, and the Company is now completing the IT set-up with Company radiologists and hospital staff. Service is expected to commence within the next 30 days. The contract engages CTS for Teleradiology services weekdays from 5 p.m.-8 a.m., and 24 hours on weekends and holidays. The client hospital runs many types of studies using modalities that include MR's, CT's, Ultra Sounds and X-rays, all of which will be a part of the reading services that CTS will provide.
The new client contract should increase current company revenues by up to 25%. With this contract CTS will increase its cash flow and should become profitable.
CTS is continuing to grow its business by aggressively adding new client contracts and increasing radiologist reading revenue.
"The addition of this new contract demonstrates the success of Teleradiology, CTS and how the e-health market place is the wave of the future for the medical industry," said Richard Jagodnik, CEO. "The development of CTS since its acquisition by DIIG is proving to be very beneficial to Diagnostic Imaging, improving the bottom line and creating shareholder wealth"
To find out more about Diagnostic Imaging International Corp. (OTCBB: DIIG), visit our website at diig.biz. Or contact the Company directly at (877) 331-3444.
Diagnostic Imaging International Corp., ("DIIG") is planning to acquire diagnostic imaging clinics including MRI clinics, Computed Tomography scan equipment, and to evaluate future opportunities for Positron Emission Tomography clinics. DIIG owns and operates CTS, a Teleradiology company. Teleradiology is the process of assessing radiological patient images, such as x-rays, CTs, and MRIs, from one location to another for the purposes of interpretation and/or consultation. CTS provides remote radiology (teleradiology) technology to hospitals and practices, on-call 24 hours a day, 7days a week. CTS connects clients with a global teleradiology network, providing access to global partner facilities and American and Canadian board-certified radiologists.
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 2010 and beyond, to differ materially from those expressed in, or implied by, these forward-looking statements.