Business
IDC updates market on appeal of TSX delisting decision
CALGARY , Dec. 5, 2013 /CNW/ - Imaging Dynamics Company Ltd. ("IDC" or the "Company") (...
About this update from Imaging Dynamics Company, Ltd.
[{"type":"text","content":"\n\n\nCALGARY, Dec. 5, 2013 /CNW/ - Imaging Dynamics Company Ltd. (\"IDC\" or the \"Company\") (TSX:IDL), has filed an appeal of the decision of the Continued Listing Committee\n of the TSX (the \"Committee\") to delist the common shares of the\n Company.  At the direction of the Board of Directors of the Company,\n counsel is finalizing written submissions as part of the appeal\n process.  The Company believes that it is not in the public interest\n for the TSX to delist its common shares at this time.  In earlier\n communications to the TSX it has indicated that if it were unsuccessful\n in reversing the decision of the Committee in the appeal process that\n is set out in the TSX Company Manual it has asked the TSX to provide it\n sufficient period for the Company to transition to another public\n market without interrupting ability of shareholders to trade their\n shares on a public market.  There can be no assurance that the TSX will\n provide the additional time or that a subsequent listing application\n will be accepted, although in the Company's view it would expect that\n all relevant parties would recognize the importance of providing a\n suitable market for the trading of its common shares without\n interruption.\n\n\nAbout Imaging Dynamics Company (IDC):\n\n\nIDC is a global medical imaging technology provider and innovative force\n in the high growth field of digital radiography (DR) technology.\n\n\nThe Company has over 3,000 installations in 50 countries of its\n proprietary, award winning direct capture DR technology, which replaces\n conventional film-based diagnostic imaging and provides a\n cost-effective solution for medical facilities of all sizes to provide\n high quality diagnostic X-ray images and improve the level of\n healthcare for their patients.\n\n\nThroughout its history, IDC has been recognized by multiple industry\n organizations and research analysts such as: Frost & Sullivan and\n Deloitte Technology; for its dedication to innovation, global market\n growth, and customer focused value proposition.\n\n\nThe Company has its corporate office in Calgary, Canada, a business\n office in Hong Kong, and a representative office in Beijing, China.\n\n\nVisit the IDC web site:  www.imagingdynamics.com\n\n\nStatements in this release which describe IDC's intentions, expectations...