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April 2, 2013
Diagnostic Imaging International Corp.
2012 Financial Results

Las Vegas, NV - April 2, 2013 - Diagnostic Imaging International Corp. (OTCQB: DIIG) announced today that it has filed its 2012 10-K report and provided an update on its financial results for 2012.

The Company is very pleased to report that it generated positive cash flow in 2012. The Company completed its acquisition of SOMRI in December 2012 and the Company is now looking to expand operations through additional acquisitions. The Company will require financing in order to complete additional acquisitions.

The 2012 financials only incorporate the SOMRI numbers from December 10, 2012 to December 31, 2012. 2013 financial numbers will include the full year of SOMRI financials.

EBITDA for 2012 was $0.007 per share.

For the year ended December 31, 2012 revenues from radiology services were $3,308,100 compared to $3,536,176 for the year ended December 31, 2011, a decrease of 6.5% or $228,076. This decrease in revenues was due to one of the Company's client hospitals ending service with CTS, citing a desire by the current team to bring the workload back into the hospital and a change in the workflow within the hospital. The client hospital has communicated that this change was not a reflection on CTS service. In addition, the Ontario Health Insurance Plan (OHIP), which is administered by the provincial government and responsible for paying for services CTS provides has reduced most radiology fees by approximately 5% which contributed to the decrease in sales.

For the year ended December 31, 2012 revenue from medical scans services were $70,882 representing revenue of SOMRI from the acquisition date of December 10 through to December 31, 2012.

For the year ended December 31, 2012 cost of sales incurred relating to radiology services were $2,704,223 compared to $2,905,077 for the year ended December 31, 2011, a decrease of 7% or $200,854. As a result of the decrease in revenues, we incurred less cost of sales. As a percentage of revenues, our costs of sales incurred relating to radiology services remained constant at 82%.

For the year ended December 31, 2012 cost of sales from medical scans services were $29,600 representing costs of sales of SOMRI from the acquisition date of December 10 to December 31, 2012.

Operating expenses for the years ended December 31, 2012 and 2011 totaled $627,718 and $542,512, respectively.

To find out more about Diagnostic Imaging International Corp. (OTCBB: DIIG), visit our website at www.diig.biz. Or contact the Company directly at (877) 331-3444.


About DIIG
Diagnostic Imaging International Corp., (“DIIG”) owns and operates CTS a Teleradiology company, and SOMRI an MRI clinic. 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. SOMRI provides full out-patient MRI diagnostic scans and results, and offers its patients both an open MRI and closed 1.5T MRI depending on needs and requirements.

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 2013 and beyond, to differ materially from those expressed in, or implied by, these forward-looking statements.

Designed by Sherly Ho Design and Associates 
 

Diagnostic Imaging International Corp. (“DIIG”) may from time to time provide links to independent web sites on the Internet containing various information content relative to the Company or its industry. The Company makes no judgment or warranty with respect to the accuracy, timeliness or suitability of the content of other services or sites to which these screens link. A link to a service or site outside of the site on which you are currently located, is not an endorsement of the service or site, its content, or its sponsoring organization. It is further understood that the materials provided on this site are for information purposes only and any references to our specific publicly traded securities contained herein, do not constitute recommendations to buy or sell stock. Any investment you make will be based solely on your own evaluation of your financial circumstances and investment objectives.

Certain statements contained on www.diig.biz, which are not based on historical facts, are forward-looking statements as the term is defined in the Private Securities Litigation Reform Act of 1995, and are subject to substantial uncertainties and risks in part detailed in the respective Company's Securities and Exchange Commission filings, that may cause actual results to materially differ from projections. Although the Company believes that its expectations are reasonable assumptions within the bounds of its knowledge of its businesses, expectations, representations and operations, there can be no assurance that actual results will not differ materially from their expectations. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include the Company's ability to execute properly its business model, to raise additional capital to implement its continuing business model, the ability to attract and retain personnel - including highly qualified executives, management and operational personnel, ability to negotiate favorable current debt and future capital raises, and the inherent risk associated with a diversified business to achieve and maintain positive cash flow and net profitability. In light of these risks and uncertainties, there can be no assurance that the forward-looking information contained on DIIG’s web site will, in fact, occur.