Home Diagnostic Imaging International Corp.
Press Releases  

2014   l   2013   l   2012   l   2011   l   2010   l   2009   l   2008



May 13, 2013
Diagnostic Imaging International Corp.
2013 Q1 Financial Results

Las Vegas, NV - May 13, 2013 - Diagnostic Imaging International Corp. (OTCQB: DIIG) announced today that it has filed its 10-Q report for the first quarter of 2013.

The Company is very pleased to report that it has generated record revenues in Q1 2013. The Company is now looking to expand operations through additional acquisitions. The Company will require financing in order to complete additional acquisitions.

For Q1 2013 total Company revenues were $1.299 million.

EBITDA for the first quarter of 2013 was $0.006 per share.


Financial Highlights and Breakdowns

For the three months ended March 31, 2013 revenues from teleradiology services was $822,989 compared to $810,638 for the three months ended March 31, 2012, an increase of 1.5% or $12,351. The increase in revenue from teleradiology services of 1.5% despite the reduction in most listed radiology fees by the Ontario Health Insurance Plan (OHIP), of approximately 5% in April 2012 was due to an increase in volume to current client hospitals. OHIP has announced plans to reduce fees by a further 6% over the next 3 years. The move by the Ontario government was unilateral and the radiology association may choose to challenge the fee reductions.

For the three months ended March 31, 2013, revenues from medical scans services were $476,016. Due to the acquisition date of December 10, 2012 of SMI, we had no revenue from medical scans for the three months ended March 31, 2012.

For the three months ended March 31, 2013, cost of sales incurred relating to radiology services were $803,876 compared to $665,437 for the three months ended March 31, 2012, an increase of 17% or $138,439. The increase pertaining to cost of sales of CTS of 1.5% or $7,658 was as a result of the increase in revenue of CTS. The remaining increase of $130,781 represents full three months of operation of SMI.

Operating expenses for the three months ended March 31, 2013 and March 31, 2012, totalled $440,586 and $126,869, 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.