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Diagnostic Imaging International Corp. Announces Preliminary Record Third Quarter Revenues Increase 40% Year-over-Year
| Company News - Diagnostic Imaging International Corp. |
Generates Revenues of $2.2 Million in the First Nine Months of 2010
Diagnostic Imaging International Corp. (DIIG 0.10, -0.05, -33.33%) ("DIIG"), owns and operates CTS, a Teleradiology company, announced its estimated preliminary revenues for the third quarter ended September 30, 2010.
For the three months ended September 30, 2010, Diagnostic Imaging reports preliminary revenue of approximately $805,000, representing a 10% increase from the previous quarter and an over 40% increase for the same quarter of 2009. For the nine months ended September 30, 2010, the Company expects to report revenue of approximately $2,202,000, which is 30% higher than all four quarters of 2009 combined.
"Since acquiring CTS in early 2009, we have established a path of continued improvement. The third quarter of 2010 was very strong and marks our sixth consecutive quarter of revenue growth," said Mitchell Geisler CEO. "The success of our CTS brand is based on bringing exceptional radiology solutions to rural hospitals, where communities are largely under-served. In CTS, we have an established leadership position in the Canadian Teleradiology space, and we continue to aggressively market and source for potential new clients."
Source: Diagnostic Imaging International Corp.
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