Imaging Diagnostic Systems (fka IMDS)

[janvonscanner]

What happened to this 9 million dollars that was "on the way"? It never happened.Not one CTLM was sold was it? Both "distributors" never fulfilled the orders.

20 CTLM sales agreement, 9 million dollars REVENUE EXPECTATION


China and Hong Kong distributor ID Matrix must purchase a minimum of 15 CTLM® systems within the first year of the contract along with a 50% deposit with each order to remain our exclusive distributor for the territories.

FROM RECENT 10Q

In December 2011, we announced that we signed an exclusive distribution agreement with ID Matrix Systems to market and sell our CTLM® systems to private and government hospitals and private imaging centers throughout China and Hong Kong. The agreement stipulates that ID Matrix must purchase a minimum of 15 CTLM® systems within the first year of the contract along with a 50% deposit with each order to remain our exclusive distributor for the territories.

In December 2011, we received an order for one CTLM® system with a deposit of $50,000 from our exclusive distributor, ID Matrix, which was initially scheduled to ship to China during the first week of January 2012. The distributor was not ready to take delivery so we will wait for their instructions for delivery.


RECENT 10Q PAGE 66

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8632452

++++++++++++++++++++++++++++++++++

IMDS-First of Five Systems sold to Mexico


First of Five Systems to Be Installed
Wednesday, November 23rd, 2011


FORT LAUDERDALE, Fla., November 3, 2011–(BUSINESS WIRE)– Imaging Diagnostic Systems, Inc., (OTCBB:IMDS.OB – News), a pioneer in laser optical breast imaging announced today that it has sold the first system of five ordered to be installed in Mexico. The system is scheduled to be installed during the third week of December. The purchase order was made through its exclusive distributor Kepter Internacional for Estados Unidos Mexicanos.

Kepter Internacional is scheduled to hold a presentation featuring the CTLM system and announcing its arrival to Mexico in January in front of the COFEPRIS (Health Ministry) of Mexico. Kepter Internacional is the exclusive agent for Imaging Diagnostic Systems, authorized to promote, distribute and service the CT Laser Mammography (CTLM) System throughout Mexico.

http://www.imds.com/news/2011/11


=================================

TOTAL 20 CTLM WILL BE SOLD THIS YEAR

IMDS MARKETING DIRECTOR RICHARD GRABLE SAYS EACH UNIT PRICE 450,000 DOLLARS

HERE IS THE LINK

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=76628824

------------------------

LETS DO THE MATH:

20 CTLM x 450,000 DOLLARS EACH= 9 MILLION DOLLARS..

===============================================





HERE IS THE SOURCE OF MONEY.