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Diagnostic Imaging International Corp. (DIIG) has completed its acquisition of Canadian Teleradiology Services ("CTS"). DIIG and CTS entered into an acquisition agreement whereby DIIG acquired all of the outstanding shares of CTS.

In conjunction with the acquisition, DIIG closed $360,000 of its proposed $2,000,000 private placement financing at a price of $0.15 per share.

CTS is a provider of remote teleradiology service to hospitals and clinics in Canada and the US and practices, on-call 24 hours a day, 7 days a week. CTS transmits MRI and CT scans from local hospitals to radiologists in larger centers who then read and report on the scans. This allows the local hospital access to radiologists without having an expensive staff member being underutilized. CTS connects clients with a global teleradiology network, providing access to global partner facilities and American and Canadian board-certified radiologists.

Source: Diagnostic Imaging International Corp.