StockGuru Trade Alert: Volume Breaking Out for DIIG – Second Highest Volume of Year


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StockGuru Blog:
Diagnostic Imaging International Corp. (OTCBB: DIIG)

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Diagnostic Imaging International Corp. (OTCBB: DIIG)

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THE PROFILE

LEVEL 1 TRADE IDEA

 

StockGuru Trade Alert: Volume Breaking Out for DIIG – Second Highest
Volume of Year

Today’s Volume Already More than the Last Five Trading Days

 

 

OUR PROFILE FOR DIIG:

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Diagnostic Imaging International Corp. (OTCBB: DIIG) Diagnostic
Imaging’s subsidiary is Canadian Teleradiology Services
(”CTS”) providing remote diagnostic imaging services to
hospitals. The Company plans to expand CTS while working toward the
development of its own diagnostic imaging clinics.

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Remote radiology, also known as teleradiology, provides radiology
technology to hospitals and practices, on-call 24 hours a day, seven days
a week. CTS connects clients with a teleradiology network, providing
access to global partner facilities and American and Canadian
board-certified radiologists.

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CTS offers interpretations of MRI, CT, PET, US, NM, MAMMO, X-Ray and
BMD modalities by radiologists 24 hours a day, 365 days a year. CTS
receives medical diagnostic scans from hospitals and clinics, and
transmits them to approved, certified radiologists, who are typically
located in larger urban medical centers. The radiologists read the scans
and review the information, prepare a medical report, and transmit the
reports to the hospitals and clinics.

CTS Meets Demand for Affordable and Accessible Healthcare in United
States and Canada

CTS, by offering the services of radiologists to rural hospitals, is
at the forefront of three crucial movements in the healthcare
industry:

• Affordable Healthcare
• Accessible Healthcare /> • Timely Healthcare

Healthcare Companies able to generate cost efficiencies will be at the
forefront of demand in the United States and Canada.

CTS fits squarely in the healthcare gold-rush stampede to medical
dollar savings. CTS has for the last five years established itself as Can
Do Teleradiolgy Service and has quickly built on the medical opportunities
presented by offering accessible radiology services.

2009 Business Model Established and 2010 Year for CTS
Expansion

CTS generated revenues exceeding $0.8 million USD in 2008, with
revenues for the first nine months of 2009, expanding to $ 1.07 million
USD. As revenues increase CTS continues to validate its business model by
adding enhanced and additional contractual agreements for its
services.

The Company plans to make additional acquisitions of existing
profitable diagnostic clinics throughout major metropolitan areas within
North American in 2010 which will continue to expand revenue and the
CTS’s client base.

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Inherent in the CTS business model is the strong advantage of low
fixed cost with a limited variable cost structure. This low fixed cost
business structure is able to drop top line growth to the Company’s
bottom line. With overhead low, DIIG is able to turn its growth momentum
into superior shareholder value.

Largest Service Contract Extended for Five Years

CTS service contracts continue to enhance revenues and serve as an
validation of the CTS business model in providing effective 24/7 radiology
services to rural hospitals that might otherwise not be able to offer
efficient, effective and time sensitive health services to their
indigenous communities.

• CTS has been providing teleradiology services to North America
for the past five years
• CTS was recently approved for a five
year extension of its largest current service contract
• The
contract covers three public hospitals where CTS will provide remote
reading and reporting covering modalities such as MRI, CT, X-Ray and
Ultrasound
• In 2009, four client hospitals using CTS for
nighttime services opted to expand its use of CTS by singing daytime
contracts and now use CTS for all their radiology needs, 24/7

DICOM images are sent via PACS technology using a secured web based
program

Canada: Favorable demographics for CTS exist in Canada. While
Canada has government sponsored healthcare it has in some instances,
limited healthcare availability. In the 1990’s some medical schools
were closed as a cost savings measure which ultimately came at a high cost
to the healthcare system. Canada continues to suffer from too few doctors
and a lower per capita number of doctors than most developed
countries.

CTS addresses physician shortages with Teleradiology services. Canada
does not have a sufficient number of radiologists to staff remote
hospitals twenty-four hours a day for crucial radiology services which may
be required for trauma and non-scheduled events such as strokes and heart
attacks during evening/night hours and on the weekend.

Favorable Demographics Support Additional Growth

The business model of CTS in providing Teleradiology has been
confirmed by their consistent growth. The fundamental demographics of
Canada and the United States support future planned expansion. CTS has
taken this opportunity and created a full service support system through
Teleradiology.

Teleradiology Market for Growth

Teleradiology market projected to grow 14% per annum as more regions
are impacted by a shortage of radiologists

• There are over 2400 IDTFs (independent diagnostic testing
facilities) in the United States alone. Source: American Medical
Information (AMI), a division of info USA

• “The global medical imaging market was estimated at $60
billion in 2006. Growth is expected to reach 8 to 10 percent annually over
the next four or five years…with the industry swelling to $80
billion in revenue by 2010.” Source: Kalorama Information

• The United States medical imaging market is estimated to
experience robust growth, reaching $11.4 billion by 2012 Source: BCC
Research, Medical Imaging: Equipment and Related Products

• The global market for PACS and Teleradiology Systems is
projected to reach $4.4 billion by 2010 Source: RAMIC Medical Imaging

• CTS has over 95 perecent revenue paid by the Ontario Government
directly every 30 days, and as such CTS benefits from having little to no
aged payables

• CTS estimates there is a shortage of up to 1,500 radiologists
in Ontario, and 5,000 in Canada

• Most hospitals do not have agreements with companies like CTS so
there are possibilities to become a leader within the Canadian market and
establish a solid North American presence

width="108" />Spending to Increase: The Canadian Institute for
Health Information’s Annual Study recently released found health
spending is expected to reach an estimated 11.9 per cent of the
country’s gross domestic product. Spending will likely increase to
$183-billion this year from $174-billion in 2008, a five per cent
increase. GDP, meanwhile, shrank at an annual rate of 3.4 per cent over
the second quarter.

Need for Additional Services: The Canadian Institute for Health
Information found that Canada has 4.6 MRI scanners per million citizens,
while Japan and the United States have much higher coverage at 35.3 per
million and 19.5 per million, respectively.

In Canada the radiologist-to population ratio is 1:18,000, as compared
to a ratio of 1:8,000 in the United States. The median for the
industrialized countries is 6.1 MRI scanners per million citizens. The
institute report also noted that despite repeated promises from both
federal and provincial governments to reduce patient wait times, wait
times are increasing in Canada. In 2003, Canadians waited on average 47
days for non-emergency MRIs, up from 39 days in 2001.

In addition, the Company plans to provide MRI reading services to
hospitals and clinics in the Middle East and around the world.

United States: Reducing costs associated with healthcare has
become the national mandate. The CTS business model can provide medical
centers with physicians on an “as needed” basis. CTS delivers
services when needed. In the United States healthcare spending is
predicted to nearly double to $4.3 trillion over the next decade –
healthcare spending will account for 19.5 percent of U.S. GDP by 2017, in
the United States according to the Centers for Medicare and Medicaid
Services, National Health Expenditure Data, February 2008.

Radiologists Serve Remote Locations

Teleradiology improves patient care by allowing Radiologists to
provide services without actually having to be at the location of the
patient. Additionally, CTS provides the highly desirable opportunity to
deliver the ultra-specialized services of a sub-specialist in remote
areas. This would include an MRI Radiologist, Neuroradiologist, Pediatric
Radiologist, or Musculoskeletal Radiologist who are typically only located
in large metropolitan areas.

Teleradiology images can be sent to another part of the hospital, or
to other locations around the world. This means CTS can provide services
worldwide.

height="339" width="456" />

Teleradiology Services

• CTS connects clients with a global teleradiology network,
providing access to global partner facilities and American and Canadian
board-certified radiologists.
• The Company specializes in
MRI, CT, PET, US, NM, MAMMO, X-Ray and BMD modalities.

Preliminary interpretations are available within an average of 30
minutes.
• The CTS operation center co-ordinates physicians
and radiologists 24 hours a day, 365 days a year.
• CTS receives
diagnostic scans from hospitals and clinics, and transmits them to
approved, certified radiologists, who are typically located in larger
urban medical centers.
• The radiologists read the scans and
review the information, prepare a medical report, and transmit the reports
to the hospitals and clinics.
• This service system also helps
hospitals and clinics in remote locations, where it is difficult to hire
skilled radiologists, and access professional, skilled radiology
staff.

The benefits to the radiologists that join the CTS Team include but are
not limited to:

• Ability to make additional income
• Flexibility
to work from home as opposed to being “locked” in a room in the
hospital
• Ability to spend time with their families

Full PACS Networking and Compatibility

The services CTS offers are the most desired by rural hospitals

CTS services include:
• Full PACS Networking and
Compatibility
• Certified Radiologists based in North America
and are vetted by the hospital
• 24 Hour Turnaround on
Non-emergency Reports
• One Hour Turnaround on Emergency
Verbal STAT Reports

Why the CTS Business Model Works

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Compressed scanned images are transmitted to the CTS Data Centre,
including audio dictation, and stored in the PCAS system.. The scanned
images are read, and reports transcribed and completed. The system has the
ability to update reports. Certified Radiologists sign-off on the
transcribed final report.

CTS adheres to all standards and Medical Insurance Plans (Ontario and
PHIPA (Personal Health Information Protection Act) guidelines.

CTS radiologists can provide a Preliminary Report for emergency room
purposes and a Final Read Report for the official patient record and for
use in billing.

Preliminary Reports include all pertinent findings and a phone call
for any critical findings. For some Teleradiology services, the turnaround
time is extremely quick with a 30 minute standard turnaround, expedited
for critical and stroke studies.

Teleradiology Final Reports can be provided for emergent and
non-emergent studies. Final reports include all findings and require
access to prior studies and all relevant patient information for a
complete diagnosis. Phone calls with any critical findings are signs of
quality services.

Teleradiology can be available for intermittent coverage as an
extension of practices and will provide patients with the highest quality
care.

Growth with Diagnostic Imaging Clinics in Canada

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In addition to the focus on Teleradiology the Diagnostic Imaging
continues to work towards its goal of opening and operating diagnostic
imaging clinics in Canada and the United States. The Company’s
primary plan will focus on Magnetic Resonance Imaging (”MRI”)
clinics.

If successful in the implementation of the MRI clinics, we anticipate
adding Computed Tomography (”CT”) scan equipment to those
facilities and also will examine future opportunities for Positron
Emission Tomography (”PET”) clinics.

Diagnostic Imaging intends to provide imaging services for fees to
private individuals, workers compensation boards, private insurance
companies and those not covered by government insured programs.

Employees and Directors

Diagnostic Imaging and CTS currently has two full time employees who
are the chief executive officer and chairman of the board as well as an
accounting and administrative assistant. In addition there are over two
dozen radiologists that work with the Company.

About Teleradiology

Teleradiology is the process of assessing radiological patient images,
such as x-rays, CTs , and MRIs , from one location to another for the
purposes of interpretation and/or consultation. Radiologists are
increasingly a scarce resource given that imaging procedures are growing
approximately 15% annually against an increase of only 2% in the
Radiologist population.

Teleradiology improves patient care by allowing Radiologists to
provide services without actually having to be at the location of the
patient. This is particularly key when a sub specialist such as an MRI
Radiologist, Neuroradiologist, Pediatric Radiologist, or Musculoskeletal
Radiologist is needed as these professionals are generally only located in
large metropolitan areas. Teleradiology allows trained specialists to be
available 24/7.

Diagnostic Imaging International Corp. (OTC.BB: DIIG)
848
N. Rainbow Blvd. # 2494
Las Vegas, Nevada 89107
866-223-2005 /> Email: info@diig.biz
Website:
href="http://www.sgurunews.com/emailmarketer/link.php?M=16735&N=655&L=982&F=H">www.diig.biz

This news release includes forward-looking statements that reflect
Diagnostic Imaging International Corp.’s current expectations about
its future results, performance, prospects and opportunities. Diagnostic
Imaging International Corp. has tried to identify these forward-looking
statements by using words and phrases such as “may”,
“will”, “expects”, “anticipates”,
“believes”, “intends”, “estimates”,
“should”, “typical”, “we are
confident” or similar expressions. These forward- looking statements
are based on information currently available to Diagnostic Imaging
International Corp. and are subject to a number of risks, uncertainties
and other factors that could cause the Company’s actual results,
performance, prospects of opportunities in the remainder of 2009 and
beyond, to differ materially from those expressed in, or implied by, these
forward-looking statements.

 

 

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