IDC Announces the Appointments of Senior Management and Change in The Board Of Directors

CALGARY, AB / ACCESWIRE / January 4, 2016 / Imaging Dynamics Company Ltd. (“IDC” or the “Company”) (TSXV:IDL) is pleased to announce that the Board of Directors has appointed Mr. Dawei Liu as General Manager of the newly established IDC Beijing Subsidiary in Beijing, China. Mr. Dawei Liu has senior management experience in the renowned General Electric Company (“GE”) for nearly two decades, of which 11 years were served at GE China. Most recently, Mr. Liu was at AB SCIEX under the Danaher Corporation as Service Sales Director Asia Pacific, in charge of the rental business and asset management. His experience covers a wide range of functions including Product, Engineering, Marketing, Direct Sales, and Distribution.

We are extremely pleased to announce that the IDC Beijing Subsidiary is located in the landmark building of Pangu Plaza in downtown Beijing within the Olympic Park and will become the center for Sales and Marketing for IDC’s operations in China. Mr. Dawei Liu will lead a team of talented professionals to further penetrate into the vast potential of the Chinese market and other Asian markets.

The Company also announces that Dr. Sidong Huang is no longer acting as President and a Director of the Board of IDC to pursue other endeavors. Mr. Yucheng Zhou, Chairman and CEO, has been appointed by the Board as the President of IDC. Mr. Zhou will continue to lead the Company’s efforts on growing the existing business while developing new product lines and services. IDC also seeks to establish globalized and sustainable business operations through developing international partnerships and sales through its international subsidiaries.

The Company is also pleased to announce the appointment of Mr. Eugene Woychyshyn effective on January 1, 2016 as Chief Financial Officer of IDC in Calgary, Alberta. Mr. Woychyshyn brings over 20 years of extensive experience as a skilled professional in financial management and operations with multinational companies around the world. He has work experience with companies in China, Asia, Canada, USA, Europe and South America. He has specific experience in global trade and finance, process improvement and efficiencies, cost control, budgeting, acquisition integration, transfer pricing, duty free zones, and financial reporting with US and Chinese GAAP. Mr. Woychyshyn is a CPA in Canada and has an MBA Degree from Saint Joseph’s University in Philadelphia Pennsylvania, and a Bachelor of Commerce degree in Accounting and Finance from the University of Manitoba.

The Company is pleased to announce that Mr. Dan Fuoco, previously CFO of the Company, will become Senior Business Development and Finance Consultant of the Company reporting to the Chairman and the Board of IDC. Mr. Fuoco will be involved with acquisitions, due diligence, corporate and regulatory affairs, auditing, capital management, finance, business and operations review and improvement, and special projects for IDC to assist in the expansion plans of the Company.

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 office 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:

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 Ltd.

ReleaseID: 435296