Imaging Dynamics announces changes to Board of Directors

CALGARY, Dec. 31, 2011 /CNW/ - Imaging Dynamics Company Ltd. ("IDC" or the "Company") (TSX: IDL) a global provider in the high growth digital radiography (DR) equipment market, announced today that Mr. Jerry C. Cirino, Director for IDC, will resign from the Board effective December 31, 2011.

Mr. Cirino joined the IDC Board as Chairman in June 2007 in the midst of strategic changes that were underway at IDC. During his four and a half years, Mr. Cirino led the Board and IDC through some challenging times. In September of 2011 Mr. Cirino made the decision to step down as Chairman of the Board and has now resigned from the Board effective December 31, 2011 to focus on directing the growth of his current medical device company which was recently acquired by a large publicly traded company.  The time necessary to pursue this growth strategy precludes him from expending the necessary time required of an IDC Director. 

Mr. Cirino commented, "I have enjoyed my time with IDC over the last four plus years.  It has been a privilege to work with the management team and the Board during this time.  Swapan has done an extraordinary job of managing the Company through some very challenging times.  The Board and Shareholders have been fortunate to have him. I wish the Company the very best future."

Mr. Swapan Kakumanu, President and Chief Executive Officer, IDC commented, "It was a great pleasure to have worked with Jerry. His support and advice went a long way for me when working through the challenges at IDC. Jerry has always been a good advisor and mentor, his input to the Board will be missed. I wish him all the best on his new ventures."

"I would like to take this opportunity to thank Mr. Cirino for his substantial and invaluable contributions to the Company as Chairman and a member of the Board. We wish him all the best in his new challenges," concluded Mr. Shameze Rampertab, IDC Board Chairman.

About Imaging Dynamics Company (IDC):

IDC is a medical devices technology company and innovative force in the high growth field of digital radiography (DR) technology. IDC's X-Series CCD-based direct capture and innovaXion flat panel technology lines replace conventional film-based diagnostic imaging and provides a cost-effective solution for producing high quality diagnostic images, enhancing patient care and improving workflow.

Each IDC DR solution provides high resolution radiographic images in the digital format required for todays (PACS) Picture Archiving & Communication Systems and the growing requirements for the electronic health record, all without the use of film, environmentally unfriendly chemicals, cassettes or expensive imaging plates.

Throughout its history, IDC has been recognized by multiple industry organizations and research analysts such as: Frost & Sullivan, Deloitte Technology and PROFIT; for its consistent dedication to innovation, global growth, and customer focused value proposition.

IDC is based in Calgary, Alberta, Canada.

Visit the IDC Web site:  www.imagingdynamics.com

Statements in this release which describe IDC's intentions, expectations or predictions, or which relate to matters that are not historical facts are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties which may cause the actual results, performances or achievements of IDC to be materially different from any future results, performances or achievements expressed in or implied by such forward-looking statements. IDC may update or revise any forward-looking statements, whether as a result of new information, future events or changing market and business conditions. Known and unknown risks and uncertainties include: IDC's ability to manufacture its products with a sufficient level of quality and in volumes which satisfy market demand; the ability of IDC to establish direct and indirect sales channels; the ability of IDC to establish industry partnerships; IDC's ability to attract and retain key personnel; the strength and breadth of IDC's patents; and other factors relating to general economic conditions, specific industry conditions and IDC's particular situation.