Diagnostic Imaging International Corp.: Diagnostic Imaging, Looking to
Change the Face of MRI Clinics
Mar 03, 2008 (M2 PRESSWIRE via COMTEX) -- Diagnostic Imaging
International Corp. (OTCBB: DIIG), Allscripts Healthcare Solutions
Inc. (NASDAQ: MDRX), Tenet Healthcare Corp., (NYSE: THC), Health
Management Associates Inc. (NYSE: HMA), and Lifepoint Hospitals Inc.
(NASDAQ: LPNT).
Affordable, modern MRI's with no waiting lists! Diagnostic Imaging
International Corp. (OTCBB: DIIG) mission is to provide quality MRI
services to its clients, delivering convenience, accuracy and the
highest standard of care and service. The Company's mandate is to make
available, on a timely basis, imaging services for individuals,
physicians, workers compensation boards and insurance companies.
In Canada, there is presently widespread dissatisfaction with wait
times for diagnostic imaging. DIIG plans to reduce wait times from up
to 6 months to only 48 hours. You can have the power by simply booking
an appointment. Timely health care is priceless. Imagine not waiting
in pain, but going from your MD's office to an MRI clinic that can
give you quick answers and diagnosis.
DIIG plans an aggressive strategy of opening new clinics and acquiring
existing clinics in the near future.
DIIG is currently negotiating an option on its first clinic and
looking to acquire multiple MRI clinics this year. DIIG is hoping to
be a leader in bringing effective health care in the MRI field to a
location near to you.
DIIG plans to provide service in Canada and the United States.
More information on Diagnostic Imaging International Corp. can be
found at www.diig.biz
Other stocks of interest to watch on Monday, March 3;
Allscripts Healthcare Solutions Inc. (NASDAQ: MDRX) fell $0.45 Friday
to close the week at $10.67 on volume of 1,000000. On Thursday MDRX
released an 8K announcing the acquisition of "Extended Care
Information Network, Inc., a Delaware cor****ation ("ECIN"), through a
newly-created, wholly-owned subsidiary formed as a Delaware
cor****ation ("Purchaser"), in a two-step transaction (the
"Acquisition") for aggregate consideration of $93.5 million in cash
(which includes repayment of indebtedness and transaction expenses),
subject to determining the final level of ECIN's positive working
capital (including cash) at closing. Immediately after closing the
transactions contemplated by the stock purchase agreement, which was
entered into in connection with the Acquisition, the Purchaser filed a
certificate of owner****p and merger (the "Certificate of Merger") in
the State of Delaware pursuant to Section 253 of the General
Cor****ation Law of the State of Delaware, merging Purchaser with and
into ECIN, with ECIN surviving the merger (the "Merger"). Upon the
filing of the Certificate of Merger, Allscripts became the sole
stockholder of ECIN. ECIN is a provider of hospital care management
and discharge planning software. The purchase price was funded by $50
million of borrowings under a new $60 million revolving credit
facility, cash acquired, and cash on hand."
Tenet Healthcare Corp., (NYSE: THC), traded 7.3 million shares on
Friday to finish the week at $4.81. On Wednesday of last week,
Jefferies & CO, raised its rating on Tenet from an underperform to a
hold. "Tenet Healthcare Cor****ation provides health care services
primarily through the operation of general hospitals in the United
States. The company owns or leases physician practices, captive
insurance companies, and various other ancillary health care
businesses, including outpatient surgery centers, diagnostic imaging
centers, occupational and rural health care clinics."
Lifepoint Hospitals Inc. (NASDAQ: LPNT), fell $1.04 Friday to finish
the trading session at $25.06. Volume on the day was 956,000 shares.
Earlier in the week, Life point announced the Company would be
presenting at the Raymond James 29th Annual Institutional Investors
Conference to be held March 3 - 5, 2008, in Orlando, Florida.
Health Management Associates Inc. (NYSE: HMA) fell $0.30 on Friday to
finish the week at $5.35. Volume on the day was about 3.2 million
shares. Last week, HMA released an 8K regarding employee compensation
which included saying "On February 19, 2008, the Compensation
Committee of the Board of Directors of Health Management Associates,
Inc. (the "Company") approved cash bonuses and contingent stock awards
for certain executive officers of the Company, including the
individuals listed in the table below. The contingent stock award
granted to each officer is equal in value to such officer's cash
bonus. The number of shares granted was based on a market value of
$5.66 per share, which was the closing price of the Company's common
stock on February 19, 2008. The shares awarded were credited to each
executive officer's account and will vest on the fourth anniversary of
the date of the award, at which time the shares will be issued."
Diagnostic Imaging International Corp. is not a registered broker/
dealer and may not sell, offer to sell or offer to buy any security.
Diagnostic Imaging International Corp. profiles are not a solicitation
or recommendation to buy, sell or hold securities. An offer to buy or
sell can be made only with accompanying disclosure do***ents from the
company offering or selling securities and only in the states and
provinces for which they are approved. The material in this release is
intended to be strictly informational. The companies that are
discussed in this release have not approved the statements made in
this release nor approved the timing of this release.
All statements and expressions are the sole opinion of Diagnostic
Imaging International Corp. and are subject to change without notice.
Information in this release is derived from a variety of sources
including that company's publicly disseminated information, third
parties and Diagnostic Imaging International Corp. research. The
accuracy or completeness of the information is not warranted and is
only as reliable as the sources from which it was obtained. Diagnostic
Imaging International Corp. disclaims any and all liability as to the
completeness or accuracy of the information contained and any
omissions of material fact in this release. The release may contain
technical inaccuracies or typographical errors. It is strongly
recommended that any purchase or sale decision be discussed with a
financial adviser, or a broker-dealer, or a member of any financial
regulatory bodies.
Investment in the securities of the companies discussed in this
release is highly speculative and carries a high degree of risk.
Diagnostic Imaging International Corp. is not liable for any
investment decisions by its readers or subscribers.
Investors are cautioned that they may lose all or a ****tion of their
investment if they make a purchase in Diagnostic Imaging International
Corp. profiled stocks.
This release contains "forward-looking statements" within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section
21E the Securities Exchange Act of 1934, as amended and such forward-
looking statements are made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995. "Forward-looking
statements" describe future expectations, plans, results, or
strategies and are generally preceded by words such as "up to",
"approximately", "may", "future", "plan" or "planned", "will" or
"should", "expected," "anticipates", "draft", "eventually" or
"projected". You are cautioned that such statements are subject to a
multitude of risks and uncertainties that could cause future
cir***stances, events, or results to differ materially from those
projected in the forward-looking statements, including the risks that
actual results may differ materially from those projected in the
forward-looking statements as a result of various factors, and other
risks identified in a companies' annual re****t on Form 10-K or 10-KSB
and other filings made by such company with the Securities and
Exchange Commission. You should consider these factors in evaluating
the forward-looking statements included herein, and not place undue
reliance on such statements.
M2 Communications Ltd disclaims all liability for information provided
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(C)1994-2008 M2 COMMUNICATIONS LTD
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