CALGARY, AB / ACCESSWIRE / August 28, 2015 / Imaging Dynamics Company, Ltd. (“IDC” or the “Company”) (TSX Venture: IDL) announces today the financial results for the 2015 second quarter period ended June 30, 2015, the establishment of a Shanghai Free Trade Zone Subsidiary, and the resignation of a Director.

2015 Second Quarter Highlights

Gross revenues for the second quarter of 2015 were $0.617 million compared to $0.715 million for the same quarter last year representing a decrease of 13.7% in revenues. The decrease in revenues during the period is mainly due to lower sales in the Asia-Pacific due to an economic downturn in this area, and offset by higher sales in the USA and Latin America regions. On a year-to-date basis, revenues were $1.102 million compared to $1.113 million in the prior year, a decrease of 1.0% over the comparative period.

Sales and marketing, general and administrative, production and manufacturing, and research and development expenses for the second quarter increased to $0.663 million from $0.485 million during the same quarter last year, and were $1.139 million on a year-to date basis compared to $1.007 million in the prior year.

Net loss for the second quarter ended June 30, 2015 was $0.620 million compared to a net loss of $0.238 million for the same quarter last year, and the net loss was $0.909 million on a year-to-date basis compared to $0.607 million for the same period last year.

Dr. Sidong Huang, President and CEO of the Company stated: “IDC is committed to and continues to focus on sales and marketing efforts to generate sales revenues from IDC’s existing customer base and distribution partners, and in the development of new business relationships with new potential major customers globally.”

IDC Shanghai Free Trade Zone Subsidiary

IDC also announces that it has established a subsidiary company in the Shanghai Free Trade Zone in China to expand IDC’s business in the China market for the following purposes: (1) to set up an IDC Shanghai R&D Centre in China, and (2) to explore, develop and market new medical industry related products for sales in this region and throughout the global marketplace.

Resignation of a Director

The Company announces that Mr. George Chen has resigned as a Director of the Board of Directors of IDC to pursue other endeavours. On behalf of the Board of Directors, Dr. Huang would like to thank Mr. Chen for his service and contribution to the Company.

About Imaging Dynamics Company

IDC is a global medical imaging technology provider and innovative force in the high growth field of digital radiography (DR) technology. The Company has over 4,000 installations in 50 countries of its proprietary, award winning direct capture DR technology, 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 and improve the level of healthcare for their patients.

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

The Company has its corporate office in Calgary, Alberta, Canada, and a representative office in Beijing, China.

Visit the IDC web site: www.imagingdynamics.com

For more information, please contact:

Sidong Huang
President and Chief Executive Officer
Imaging Dynamics Company Ltd.
1.403.251.9939 Office
1.866.975.6737 Toll Free
sidong@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.

SOURCE: Imaging Dynamics Company Ltd.

ReleaseID: 431612

TORONTO, ON / ACCESSWIRE / August 28, 2015 / Theralase Technologies Inc. (“Theralase” or the “Company”) (TSXV: TLT) (PINKSHEETS: TLTFF), a leading biotechnology manufacturer focused on commercializing medical technologies to eliminate pain and destroy cancer, released its second quarter 2015 financial results today. Revenue for the six-month period ended June 30, 2015 decreased by 21% from the same period in 2014.

In Canada, revenue increased 11% to $562,890 from $508,523, while US revenue decreased 54% from $215,107 to $99,343 and international revenue decreased 89% from $136,807 to $15,584. The moderate increase in Canadian revenue and the corresponding decrease in US and international revenue is attributable to the Company’s mandate of realigning its sales and marketing team for the anticipated launch of the next generation therapeutic laser system, starting in Canada, in 4Q2015. Once launched in Canada, the Company will focus on building out its sales and marketing team first in the US and then internationally, in 2016.

The cost of sales for the six-month period ended June 30, 2015 was $243,394 resulting in a gross margin of $434,423 (64% of revenue), compared to a cost of sales of $245,828 in 2014, resulting in a gross margin of $614,609 (71% of revenue).

Sales and marketing expenses for the six-month period ended June 30, 2015 were $402,598 (59% of revenue), compared with $301,716 (35% of revenue) in 2014. The increase represents investment on sales and marketing personnel, for launch of the next generation therapeutic laser system, which will augment sales in future financial quarters.

Administrative expenses for the six month period ended June 30, 2015 were $982,841 (78% increase) from $550,986 in 2014. Increases in administrative expenses for the six month period ended June 30, 2015 were attributable to the following:

– General and administrative expenses increased 83% due to increased spending on investor relations and research scientist activities
– Professional fees increased by 166% due to increased legal fees for additional trademark and intellectual property patents to protect the Company’s latest technological advances in both its therapeutic laser and anti-cancer divisions.
– Stock based compensation increased by 412% as a result of granting and vesting of stock options to certain employees, directors and officers of the Company in Q22015.

Research and development expenses totaled $1,356,664 for the six month period ended June 30, 2015 compared to $441,647 in 2014 (207% increase). Research and development expenses represented 50% of the Company’s operating expenses for the period and represent direct investment into commercialization efforts of the TLC-2000 therapeutic laser technology and research and development expenses of the TLC-3000 anti-cancer technology.

The net loss for the six month period ended June 30, 2015 was $2,279,117 which included $197,151 of net non-cash expenses (amortization, stock-based compensation expense, foreign exchange gain/loss and lease inducements). This compared to a net loss for the same period in 2014 of $689,726, which included $64,304 of net non-cash expenses. The Photo Dynamic Therapy (“PDT”) division represented $1,481,001 of this loss (65%). The increase in net loss is due to increased investment in research and development, sales and marketing personnel and administrative personnel all related to the pending launch of the next generation therapeutic laser and the commencement of a Phase Ib clinical study for Non-Muscle Invasive Bladder Cancer (“NMIBC”) in 4Q2015.

Roger Dumoulin-White, President and CEO, Theralase stated that, “Theralase’s mandate has been to maintain product sales and market acceptance of the TLC-1000 laser technology in the Canadian market for the first three quarters of 2015, while awaiting Health Canada approval of its next generation therapeutic laser system. In 4Q2015, pending Health Canada approval, the Company will focus its energy and resources on successfully launching, increasing sales and growing market acceptance of the next generation TLC-2000 laser technology in Canada and then repeating this success in the United States and internationally, in 2016. In the anti-cancer division, the Company is in the final steps of completing the research and development of its patented and patent pending anti-cancer technology allowing enrollment of patients in a Phase Ib human clinical trial for the treatment of NMIBC in 4Q2015.”

Mr. Dumoulin-White concluded that, “The Company is confident that the successful execution of these strategic initiatives will dramatically increase shareholder value.”

About Theralase Technologies Inc.

Theralase Technologies Inc. (“Theralase(R)”) (TSXV: TLT) (PINKSHEETS: TLTFF) in its Therapeutic Laser Technology Division designs, manufactures and markets patented super-pulsed laser technology indicated for the: elimination of pain, reduction of inflammation and dramatic acceleration of tissue healing for numerous nerve, muscle and joint conditions. Theralase’s Photo Dynamic Therapy Division researches and develops specially designed molecules called Photo Dynamic Compounds, which are able to localize to cancer cells and then when laser light activated, effectively destroy them.

Additional information is available at www.theralase.com and www.sedar.com .

Theralase Technologies Inc. was recognized as a TSX Venture 50(R) company in 2015. TSX Venture 50 is a trademark of TSX Inc. and is used under license.

This press release contains forward-looking statements, which reflect the Company’s current expectations regarding future events. The forward-looking statements involve risks and uncertainties. Actual results could differ materially from those projected herein. The Company disclaims any obligation to update these forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchanges) accepts responsibility for the adequacy or accuracy of this release.

For More Information:

Michael Borovec
Director of Investor Relations
1.866.THE.LASE (843-5273) ext. 222
416.699.LASE (5273) ext. 222
mborovec@theralase.com
www.theralase.com

SOURCE: Theralase Technologies Inc.

ReleaseID: 431613

RENO, NV / ACCESSWIRE / August 28, 2015 / Pablo L. Nieto, Jr., CEO of Eagle Oil Holding Company, Inc. (PINKSHEETS: EGOH) wishes clarify the status of Eagle’s relationship with Sweratel AB. Mr. Nieto
states the following, “Our relationship is solid but changed and we are
very much in the business of deploying high-speed wireless networks
based on their technology. Sweratel recently announced that they had terminated our Exclusive Value Added Distributor (VAD)
agreement. We do not dispute this fact. That agreement required us to
make certain payments by a specified time. Since our capital raise plan
has not been completed, we were not in a position to make those
payments. Nevertheless, Sweratel has issued a statement clearly stipulating that we may still purchase the Sweratel product-line. Moreover they will continue to support us on a project by project basis as set forth in the statement letter.”

“It is our expectation that once we have completed our
recapitalization, we will proceed with numerous projects on our roster,
as I have previously disclosed. As we do that, we expect to petition Sweratel to negotiate a new agreement.”

Eagle Oil Holding Company Inc.’s (PINKSHEETS: EGOH)
wholly-owned, Pure Mobility, subsidiary will then announce contracts to
install its networks in a number of locations in the U.S. as well as
offshore that are expected to yield significant revenues for years to
come.”

For more information on Pure Mobility International Inc., please visit our website:

http://www.puremobilityintl.com/

Updates will be forthcoming. Shareholder inquiries are only to be sent to the following email address:

eagleoilholdingcompany@gmail.com

Legal Notice Regarding Forward-Looking Statements:

This press release contains forward-looking information within the meaning of section 27A of the Securities
Act of 1933 and section 21E of the Securities Exchange Act of 1934 and
is subject to the safe harbor created by those sections. This material
contains statements about expected future events and/or financial
results that are forward-looking in nature and subject to risks and
uncertainties. Such forward-looking statements by definition involve
risks, uncertainties and other factors, which may cause the actual
results, performance or achievements of Eagle Oil Holding Company Inc.
to be materially different from the statements made herein. Except for
any obligation under the U.S. federal securities laws, Eagle Oil Holding
Company Inc. undertakes no obligation to publicly update any
forward-looking statement as a result of new information, future events
or otherwise.

SOURCE: Eagle Oil Holding Company, Inc.

ReleaseID: 431614

CONYERS, GA / ACCESSWIRE / August 28, 2015 / GeckoSystems Intl. Corp. (http://www.geckosystems.com/) (OTC PINK: GOSY) (PINKSHEETS: GOSY), announced today that as a result of recently contacting this major, international US defense contractor, that the contractor not only wishes to have a formal proposal from GeckoSystems, but has scheduled an initial meeting next month between key representatives of the two companies at the contractor’s primary R&D facility. For over eighteen years GeckoSystems has dedicated itself to development of “AI Mobile Robot Solutions for Safety, Security and Service(tm).”

“Due to our long time focus on the penultimate necessity for AI mobile robots to be safer for humans than simply having ‘human meaningful control,’ prior to this engagement, we have never considered any US defense contractor to be sufficiently safety conscious for us to offer them our proprietary, exclusive, readily lethalized Artificial Intelligence (AI) mobile robot technologies. The concern is that the technologies might be used without adequate safeguards to prevent human harm. After careful and thorough vetting of this company and its management, we consider them trustworthy. The program manager indicated an immediate desire that we submit a proposal to augment one of their offerings with our AI centric real time sense and avoid of moving and/or unforeseen obstacles,” stated Martin Spencer, CEO, GeckoSystems Intl. Corp.

GeckoSystems would also like to welcome its new Program Manager, retired Navy Commander Michael Goldschmidt, to lead its Government Systems Division. “I want to thank Mr. Spencer for bringing me onto this project. Used responsibly, GeckoSystems’ AI mobile robotics technologies have almost unimaginable potential to improve safety and independence in people’s everyday lives. I am very pleased to be a part of that future,” commented Commander Goldschmidt.

“Without CDR Goldschmidt’s proven leadership abilities and military experience, we simply would not have initiated, nor undertaken in any manner, our first and only foray into the defense industry,” continued Spencer.

In order to understand the importance of GeckoSystems’ breakthrough, proprietary, and exclusive AI software and why this major defense contractor desires a proposal from GeckoSystems, it’s important to acknowledge some basic realities for all forms of automatic, non-human intervention, vehicular locomotion and steering.

1. Laws of Physics such as Conservation of Energy, inertia, and momentum, limit a vehicle’s ability to stop or maneuver. If, for instance, a car’s braking system design cannot generate enough friction for a given road surface to stop the car in 100 feet after brake application, that’s a real limitation. If a car cannot corner at more than .9g due to a combination of suspension design and road conditions, that, also, is reality. Regardless how talented a NASCAR driver may be, if his race car is inadequate, he’s not going to win races.

2. At the same time, if a car driver (or pilot) is tired, drugged, distracted, etc. their reflex time becomes too slow to react in a timely fashion to unexpected direction changes of moving obstacles, or the sudden appearance of fixed obstacles. Many car “accidents” result from drunk driving due to reflex time and/or judgment impairment. Average reflex time takes between 150 & 300ms. http://tinyurl.com/nsrx75n

3. In robotic systems, “human reflex time” is known as Worst Case Execution Time (WCET). Historically, in computer systems engineering, WCET of a computational task is the maximum length of time the task could take to execute on a specific hardware platform. In big data, this is the time to load up the data to be processed, processed, and then outputted into a useful distillations, summaries, or common sense insights. GeckoSystems’ basic AI self-guidance navigation system processes 147 megabytes of data per second using low cost, commercial off the shelf (COTS) single board computers (SBC”s).

4. Highly trained and skilled jet fighter pilots have a reflex time (WCET) of less than 120ms. Their “eye to hand” coordination time is a fundamental criterion for them to be successful jet fighter pilots. The same holds true for all high performance forms of transportation that are sufficiently pushing the limits of the Laws of Physics to require the quickest possible reaction time for safe human control and/or usage.

5. GeckoSystems’ WCET is less than 100ms, or as quick, or quicker than most gifted jet fighter pilots, NASCAR race car drivers, etc. while using low cost COTS and SBC’s

6. In mobile robotic guidance systems, WCET has 3 fundamental components.

a. Sufficient Field Of View (FOV) with appropriate granularity, accuracy, and update rate.
b. Rapid processing of that contextual data such that common sense responses are generated.
c. Timely physical execution of those common sense responses.

Due to the quickness of GeckoSystems’ WCET, nearly all forms of all vehicles can achieve the ability to real time sense and avoid of moving, and/or unforeseen (unmapped) obstacles. This is the fundamental reason this major defense contractor wishes to have a proposal submitted from GeckoSystems. Not only can their land-based vehicles be safer and more autonomous (nearly no emergency human intervention), but also all forms of drones including boats, aircraft, undersea vehicles, and more.

Those organizations and firms that do not have videos portraying that their robotic vehicles’ (drones, driverless cars, self driving cars, etc.) abilities to timely sense and avoid moving obstacles, simply cannot do so, as GeckoSystems can: http://t.co/NqqM22TbKN

All mobile robotic vehicles are therefore unsafe for human usage unless the AI “driver” is jet fighter pilot reflex quick and not “drugged, distracted, or lacking good enough vision” to be allowed to drive in public, people congested areas.

As a result of GeckoSystems worldwide preeminence in this essential WCET parameter, for several years running now, GeckoSystems has been identified many times as one of the top five to top ten mobile service robot companies in the world. Several internationally renowned market research firms, such as Research and Markets, have named GeckoSystems as one of the key market players in the mobile robotics industry.

“Due to the preeminent position of this international US defense contractor, it would be untimely and imprudent to reveal their identity at this time due to the sensitivity and delicacy of these initial negotiations. Nonetheless, it is very satisfying to make this announcement and provide “reason to believe” for the basis of their sincere and genuine interest in securing some of our AI mobile robot solutions for their present and future products. As would be expected at this time, we have other ongoing negotiations, not only in the US, but also in Japan and China. After many years of patience by our current 1300+ stockholders, they can be assured that the present management continues to work to maximize their investments in GeckoSystems whether by organic growth or by acquisition at a rewarding premium,” concluded Spencer.

Recent third party market research:

Service Robotics Market (Professional and Personal), by Application (Defense, Agriculture, Medical, Domestic & Entertainment), & by Geography – Analysis Forecast (2014 – 2020)

Robotic systems are looked at as the future assistants that are designed to help people to do what they want to do in a natural and spontaneous manner. Moreover, with the emergence of ubiquitous computing and communication environments, robots will be able to call upon an unlimited knowledge base and coordinate their activities with other devices and systems. Additionally, the growing spread of ubiquitous computing will lead to robot technologies being embedded into ubiquitous ICT networks to become human agents of physical actions, enhancing and extending the physical capabilities and senses.

The report focuses on giving a detailed view of the complete service robotics industry with regards to the professional and personal applications as well as the geography market. Apart from the market segmentation, the report also includes the critical market data and qualitative information for each product type along with the qualitative analysis; such as Porter’s five force analysis, market time-line analysis, industry breakdown analysis, and value chain analysis. The global service robotics market is estimated to reach up to $19.41 billion by 2020 growing at a CAGR of 21.5% from 2014 to 2020.

Global Service Robot Market 2014-2018: Key Vendors are GeckoSystem, Honda Motor, iRobot and Toyota Motor

Worldwide Service Robot Market 2018 Analysis & Forecasts Report

The report recognizes the following companies as the key players in the Global Service Robot Market: GeckoSystems Intl. Corp., Honda Motor Co. Ltd., iRobot Corp. and Toyota Motor Corp.

From Forbes:

Investors Take Note, The Next Big Thing Will Be Robots

BusinessInsider makes some key points:

– The multibillion-dollar global market for robotics, long dominated by industrial and logistics uses, has begun to see a shift toward new consumer and office applications. There will be a $1.5 billion market for consumer and business robots by 2019.

– The market for consumer and office robots will grow at a CAGR of 17% between 2014 and 2019, seven times faster than the market for manufacturing robots.

Note: BusinessInsider.com ‘s forecasts do not include pent up demand for family care social robots anywhere in the world.

About GeckoSystems:

GeckoSystems has been developing innovative robotic technologies for over fifteen years. It is CEO Martin Spencer’s dream to make people’s lives better through robotic technology.

An overview of GeckoSystems’ progress containing over 700 pictures and 120 videos can be found at http://www.geckosystems.com/timeline/.

These videos illustrate the development of the technology that makes GeckoSystems a world leader in Service Robotics development. Early CareBot prototypes were slower and frequently pivoted in order to avoid a static or dynamic obstacle; later prototypes avoided obstacles without pivoting. Current CareBots avoid obstacles with a graceful “bicycle smooth” motion. The latest videos also depict the CareBot’s ability to automatically go faster or slower depending on the amount of clutter (number of obstacles) within its field of view. This is especially important when avoiding moving obstacles in “loose crowd” situations like a mall or an exhibit area.

In addition to the timeline videos, GeckoSystems has numerous YouTube videos. The most popular of which are the ones showing room-to-room automatic self-navigation of the CareBot through narrow doorways and a hallway of an old 1954 home. You will see the CareBot slow down when going through the doorways because of their narrow width and then speed up as it goes across the relatively open kitchen area. There are also videos of the SafePath(tm) wheelchair, which is a migration of the CareBot AI centric navigation system to a standard power wheelchair, and recently developed cost effective depth cameras were used in this recent configuration. SafePath navigation is now available to OEM licensees and these videos show the versatility of GeckoSystems’ fully autonomous navigation solution.

GeckoSystems, Star Wars Technology

The company has successfully completed an Alpha trial of its CareBot personal assistance robot for the elderly. It was tested in a home care setting and received enthusiastic support from both caregivers and care receivers. The company believes that the CareBot will increase the safety and well being of its elderly charges while decreasing stress on the caregiver and the family.

CareBot has incorporated Microsoft Kinect depth cameras that result in a significant cost reduction.

Kinect Enabled Personal Robot video

Above, the CareBot demonstrates static and dynamic obstacle avoidance as it backs in and out of a narrow and cluttered alley. There is no joystick control or programmed path; movements are smoother that those achieved using a joystick control. GeckoNav creates three low levels of obstacle avoidance: reactive, proactive, and contemplative. Subsumptive AI behavior within GeckoNav enables the CareBot to reach its target destination after engaging in obstacle avoidance.

More information on the CareBot personal assistance robot:

http://www.geckosystems.com/markets/CareBot.php

GeckoSystems stock is quoted in the U.S. over-the-counter (OTC) markets under the ticker symbol GOSY.http://www.otcmarkets.com/stock/GOSY/quote

Here is a stock message board devoted to GOSY recommended by us:

http://investorshangout.com/board/62282/Geckosystems+Intl+Co-GOSY

GeckoSystems uses LinkedIn and Twitter as its primary social media site for investor updates.

Spencer’s LinkedIn.com profile
Spencer tweets as @GrandpaRobot

Website: http://www.geckosystems.com/

Safe Harbor:

Statements regarding financial matters in this press release other than historical facts are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company’s future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the Safe Harbors created thereby. The Company is a development stage firm that continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company’s actual results may differ materially from expected results.

CONTACT:

GeckoSystems Intl. Corp.
Telephone:
Main number: +1 678-413-9236
Fax: +1 678-413-9247
Website: http://www.geckosystems.com/

SOURCE: GeckoSystems Intl. Corp.

ReleaseID: 431611

RICHMOND, IN / ACCESSWIRE / August 28, 2015 / South American Gold Corp (PINKSHEETS: SAGD / PINKSHEETS: SAGDD)
announced that it has launched a major strategic initiative focused on becoming a fully integrated company for delivering high value products
and training to Uruguay’s burgeoning cannabis cultivation industry.

“Uruguay’s recent liberalization of the cannabis cultivation and consumption laws will allow us to establish a presence in the region
just as the more populous countries are beginning to formally recognize the medicinal value of cannabis and are looking for reliable sources of
production,” said SAGD’s CEO, Marianne Rasmussen.

The company will import value-added products and develop local expertise to aid in the region’s growth as a regional center for
cultivation.

“What we’re seeing on the ground is that many of the tools being used in more mature markets simply aren’t available to the growers in South America yet,” continued Rasmussen. “We are excited to introduce tools and know-how that can dramatically improve the quality of the products being produced and the bottom line of all those involved in the value-chain.”

About SAGD:

South American Gold Corp is focused on becoming the premiere provider of value added products and services for the cultivation and processing of cannabis for the South American medical and recreational markets with an initial focus on the Uruguayan market.

Forward-Looking Statements:

Statements herein express management’s beliefs and expectations regarding future performance and are forward-looking and involve risks and uncertainties, including, but not limited to, raising working capital and securing other financing; responding to competition and other risks. Actual results may differ materially from such forward-looking statements.

SOURCE: South American Gold Corp

ReleaseID: 431609