Imaging Dynamics Company Announces Third Quarter 2014 Results

CALGARY, AB / ACCESSWIRE / May 29, 2015 / Imaging Dynamics Company, Ltd. (“IDC” or the “Company”) (TSX Venture: IDL-X) is pleased to announce today the financial results for the 2015 first quarter ended March 31, 2015.

2015 First Quarter Highlights

Gross revenues for the first quarter of 2015 were $0.485 million compared to $0.398 million for the same quarter last year representing an increase of 21.8% in revenues. The increase in revenues during the period is mainly due to sales in the Asia-Pacific, USA and Latin America regions which have been the focus of IDC’s management team over the past year.

Sales and marketing, general and administrative, production and manufacturing, and research and development expenses were lower by 10.6 percent to $0.476 million from $0.533 million during the first quarter compared to the same quarter last year, due to IDC’s continued cost reduction initiatives.

Net loss for the first quarter ended March 31, 2015 was $0.288 million compared to a net loss of $0.398 million for the same quarter last year, a significant improvement of 23.6% in performance over the prior period results.

Dr. Sidong Huang, President and CEO of the Company stated: “IDC continues to progress towards generating revenues and making improvements in its operations in 2015. The efforts demonstrated by IDC’s employees, management team and Board of Directors have shown marked improvements in operating results in the first quarter.” The Company’s focus on sales and marketing efforts have resulted in increased sales from IDC’s existing customer base and distribution partners, and in the development of new business relationships with new potential major customers.

About Imaging Dynamics Company (IDC):

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.

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