$DIIG Receives Short Term Price Target of $0.06
(NEW YORK)--Diagnostic Imaging International Corp. a Company that wholly owns and operates a subsidiary Teleradiology company (CTS), and SMI an MRI clinic, announced last week that they have repaid $400k, representing the entire issue of Series A notes. They have now been issued a speculative short term price target of $0.06, based on the clearing of that debt and low market cap of $700k*.
DIIG Highlights
- Repaid $400k, the total of Series A notes
- Owns and operates Teleradiology Company, CTS
- Owns and operates MRI clinic, SMI
- For the six months ending June 30, 2013, revenues from teleradiology services were $1.6 million**
- Since the second quarter of 2013, the Company has funded its operations and working capital with revenue generation
- The Company expects that current operations will be able to cover its operating expenses on an ongoing basis through 2013 and beyond
- Acquisitions are planned to take place between 2013 and 2014
- 23 Million Shares Outstanding***
- Market Cap only $700,000
$0.06 Price Target
As of August 02, 2013 the Company had approximately 23 million common shares issued and outstanding. DIIG's chart shows very slow movement but stability of maintaining it's $0.03 price. With the affordable health care act now in play in the US, allowing more people to afford to go to hospitals and receive MRI scans which are always in high demand (the United States has 26.6 MRI machines per million people), we believe we will be seeing even higher revenues for DIIG in the following quarterly report. With more acquisitions said to be on their way we expect the company will begin to grow aggressively. With the shares outstanding and their price target of $0.06 the market cap would still only equate to 1.4 million and when compared to others in this sector we feel it is very fair and justifiable.****
*Market value $702,644 as of October 11, 2013
**1,607,304
***Shares Outstanding are 23,421,481 as of August 02, 2013
****With the price target of $0.06 the market cap would equate to 1,405,288
About Diagnostic Imaging International Corp. (OTC:DIIG)
Diagnostic Imaging International Corp., ("DIIG") owns and operates CTS a Teleradiology company, and SMI an MRI clinic. 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. CTS provides remote radiology (teleradiology) technology to hospitals and practices, on-call 24 hours a day, 7 days a week. CTS connects clients with a global teleradiology network, providing access to global partner facilities and American and Canadian board-certified radiologists. SMI provides full out-patient MRI diagnostic scans and results, and offers its patients both an open MRI and closed 1.5T MRI depending on needs and requirements.
For more information please visit www.diig.biz
