IDC Announces the Appointments of Chief Executive Officer and Senior Management, and Change in Board of Directors of IDC

CALGARY, AB / ACCESSWIRE / October 13, 2015 / Imaging Dynamics Company Ltd. (“IDC” or the “Company”) (TSXV:IDL) is pleased to announce that the Board of Directors has appointed Mr. Yucheng Zhou, the current Chairman of the Board of IDC, as Chief Executive Officer of the Company. Mr. Zhou is an experienced executive in the health care industry in China and North America and has been involved with publicly traded and private companies in China, Canada and the USA for many years in his distinguished career.

The appointment of Mr. Yucheng Zhou as CEO will strengthen and enhance the Company’s strategy, vision, governance structure and worldwide positioning for increased market presence. As IDC intends to rapidly expand its presence overseas, Mr. Zhou’s extensive expertise in the healthcare industry will allow IDC to better pursue its global market development strategy for domestic and international sales of our products through distribution and sales networks.

Dr. Sidong Huang will continue as President and a Director of IDC who is responsible for the global sales, marketing and operations of IDC worldwide.

IDC is pleased to announce the appointment of Mr. Lei LIU as VP of IDC responsible for global manufacturing, and CEO of IDC Shanghai subsidiary, in Shanghai, China. Mr. Lei LUI has senior management experience in charge of all aspects of business operations including manufacturing, finance and HR. In addition, he has over 10 years experience in investment banking including IPO’s, strategic consulting, financing and specifically M&A in the healthcare industry. Mr. Lei LIU has an MBA from the University of Greenwich, in the United Kingdom. He also holds a Mechanical and Electrical Engineering degree from the College of Mechanical & Electrical Engineering from the Anhui Polytechnic University in China.

The Company is also pleased to announce the appointment of Mr. Yi LIU as Vice President of IDC, responsible for global R&D, and the overall operation of IDC Calgary base. Mr. Yi LIU is experienced in technology and systems design, manufacturing operations, and has high level skills and experience in IT, data mining, and software development in large commercial environments. In addition, he has led the sales, marketing, customer service, technical support and customer interaction functions. Mr. Yi LIU is a graduate of the Master of Commerce program at the Business School of the University of Queensland, Australia. In addition, he holds a Bachelor of Computer Science degree from the Beijing Institute of Technology in China.

We are extremely pleased to announce that the IDC Shanghai subsidiary, a 100% owned entity of IDC, is located in the FTZ free trade zone, which will take full advantage of Shanghai’s strategic position as the forefront of China’s new round of reform and advancement, in terms of recruiting and attracting high-caliber talent in the areas of R&D, manufacturing, and sales.

Change in the Board of Directors of IDC

The Company also announces that Mr. Alfred Yu has resigned as a Director of the Board of Directors of IDC to pursue other endeavors. On behalf of the Board of Directors, Mr. Zhou would like to thank Mr. Yu for his dedication, service and contribution to the Company over the past years.

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, Canada, a representative offcie in Beijing, China, and also an operations and R&D center in Shanghai, China.
Visit the IDC web site: www.imagingdynamics.com

For more information, please contact:

Dr. Sidong Huang
President
1.403.251.9939 Office
1.866.975.6737 Toll Free
sidong@imagingdynamics.com

Mr. Xin Cheng
Assistant Corporate Secretary
1.403.251.9939 Office
1.866.975.6737 Toll Free
chengxin@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.

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.

SOURCE: Imaging Dynamics Company

ReleaseID: 432688