IDC Provides MCTO update
Calgary, Alberta - TheNewswire - July 31, 2020 - Imaging Dynamics Company Ltd. ("IDC" or the "Company") (TSX Venture: "IDL") (TSXV:IDL) provides an update with respect to the previously announced management cease trade order (the "MCTO") accepted by the Alberta Securities Commission on June 16, 2020. The application for the MCTO was made by the Company due to a delay in the filing of its audited annual financial statements for the fiscal year ended December 31, 2019 and the related management's discussion and analysis for the year ended December 31, 2019 and 2020 Q1 Report.
The Company is providing this status update in accordance with National Policy 12-203 Management Cease Trade Orders ("NP 12-203"). The Company intends to follow the provisions of the Alternative Information Guidelines set out in NP 12-203, including the issuance of bi-weekly default status reports in the form of news releases, for as long as the Company remains in default. The Company confirms as of the date of this news release that there has been no material change in the information contained in the default announcement issued on June 17, 2020 and there is no other material information concerning the affairs of the Company that has not been generally disclosed.
About Imaging Dynamics Company (IDC):
IDC is a global medical imaging technology provider and innovative force in the high technology growth field of digital radiography (DR). Digital Radiography is a form of X-ray imaging which replaces conventional film-based diagnostic imaging and provides a cost-effective solution for medical facilities of all sizes to provide high quality diagnostic X-ray images with the use of Flat Panel detectors to enhance the digital image quality and improve the level of healthcare for their patients.
Visit the IDC web site: www.imagingdynamics.com
For more information, please contact:
Mr. Paul Lin
Chief Executive Officer
1.866.975.6737 Toll Free
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.
Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.