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Press release from CNW Group

Imaging Dynamics Company Announces New Corporate Governance

Wednesday, December 12, 2012

Imaging Dynamics Company Announces New Corporate Governance08:00 EST Wednesday, December 12, 2012The Company Exhibits Strong Leadership and Growth in Executive and Director Level ManagementCALGARY, Dec. 12, 2012 /CNW/ - (TSX: IDL) - Imaging Dynamics Company, Ltd. (the "Company") is pleased to announce the appointment of new membership to its Audit and Compensation Committees and the appointment of a new Corporate Secretary.The Audit Committee will be chaired by Mr. Donald Brown with Mr. Earl Lande and Mr. Murray Wigmore as members.  The Compensation Committee will be chaired by Mr. Earl Lande with Mr. Murray Wigmore and Mr. T.T. Lee as members.  Mr. Jeffrey Graham has been named as the Corporate Secretary of the CompanyIn announcing the appointments, Mr. T.T. Lee, Chairman and Chief Executive Officer for IDC, indicated, "I am very committed to the success of the Company. The changes in leadership announced today and in recent weeks illustrate the commitment we have to strengthen our governance structure."Additional Board Member information:Mr. Donald Brown, C.A., C.F.P., has wide ranging experience in manufacturing, distribution, financial services, technology and various business services.  A former partner of KPMG, a global professional services firm and predecessor partnerships, he is currently the Managing Director of Catalyst Strategies, Inc.Mr. Earl Lande is the former President and Chief Executive Officer of Roynat Capital Inc., a subsidiary of the Bank of Nova Scotia; a leading financial institution in Canada.Mr. Murray Wigmore has extensive experience and progressive leadership in corporate and operational positions in both life and health sciences, and Information Technologies most recently as a vice president responsible for commercial operations in the Asia Pacific region for an international medical and scientific device company.Mr. Jeffrey Graham is a partner and head of the national life sciences practice with Borden Ladner Gervais, LLP, one of Canada's leading life sciences legal firms.  He was the founding President of Toronto Biotechnology Initiative (now Life Sciences Ontario), and is Chair and President of Bioscience Education Canada, and a director of BioFinance Canada.  He has over 25 years of experience working with early stage and emerging medical device and other technology companies in all facets of their business operations.Dr. Sidong Huang, Senior Vice President, IDC and Mr. T.T. Lee, Chairman and Chief Executive Officer, IDC round out the Board of Directors for the Company.About Imaging Dynamics Company (IDC):IDC is a medical devices technology company and innovative force in the high growth field of digital radiography (DR) technology with over 3,000 installations in 50 countries. IDC's product line of CCD-based X-Series direct capture technology and innovaXion Flat Panel technology replaces conventional film-based diagnostic imaging and provides a cost-effective solution for producing high quality diagnostic images, enhancing patient care and improving workflow; all without the use of film, environmentally unfriendly chemicals, and cassettes.Throughout its history, IDC has been recognized by multiple industry organizations and research analysts such as: Frost & Sullivan, Deloitte Technology and PROFIT; for its dedication to innovation, global growth, and customer focused value proposition.The IDC head office is based in Calgary, Canada with business offices in Hong Kong and Beijing, China.Visit the IDC Web site:  www.imagingdynamics.comStatements 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.For further information: Contacts:  Mr. T.T. Lee Chairman and Chief Executive Officer 1.403.251.9939 ttlee@imagingdynamics.com