PDH Provides Update on Current Progress
Vancouver, British Columbia – Jan. 13, 2012 – Premier Diagnostic Health Services Inc. (“PDH”) (CNSX:PDH) is very pleased to provide an update on its current progress in China and Canada.
In Canada, the management team is in discussions with First Nations representatives from BC and Alberta. The mutual goal is to provide medical imaging for the early detection of cancer as part of a program to improve access to medical services and health care.
PDH is also engaged in discussions with Health Canada and a prominent radiopharmaceutical supplier relating to the supply of radiopharmaceuticals into Canada. The goal is to create a reliable, cost effective, source to service growing demand.In China, the Company’s MRI JV clinic at #3 Military Police Hospital in Beijing, which opened in Sept 2010, has increased scans from 25 to nearly 600 in November 2011. PDH’s China Sales Team has now contacted more than 30 hospitals that have been assessed as suitable candidates for JV situations. More than a dozen have responded positively. A recent development is a level 3A hospital in Sichuan Province that is seeking to acquire a new PET/CT facility. It is located adjacent to the Chongqing cluster of hospitals where PDH is currently concentrating JV negotiations.
The Company continues discussions with a number of financial groups, some of which are now conducting their due diligence process. Timely access to initial senior funding and financing would allow the Company to launch and complete at least four projects in Chongqing and Chengdu regions this year.
Please visit the company’s website www.premierdiagnostics.ca, or you can contact us at 604-678-9115 for more information.
Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Premier. (Not for dissemination in the United States of America).
About Premier Diagnostic Health Services Inc. (“PDH”)
Premier designs, builds, finances, and manages diagnostic clinics, such as PET-CT and MRI facilities in Canada and abroad. From our “Concept Centre” in Burnaby BC Canada, we offer partnerships in Joint Ventures to hospitals seeking enhancement of their existing diagnostic facilities and patient services. We model our activities on our PDH designed joint venture MRI clinic at the No. 3 Military Police Hospital in Beijing, PRC and our PET-CT cancer imaging clinic in our Burnaby head office.
The Canadian National Stock Exchange has neither approved nor disapproved the contents of this press release.
Contact Information
Premier Diagnostic Health Services Inc.
Denis Tusar
CEO
(604) 678.9120 Ext.225
dtusar@premierdiagnostics.ca
Premier Diagnostic Health Services Inc.
Leanne Ratzlaff
Investor Relations
(604) 678.9120 Ext.232
(604) 678.9278 (FAX)
lratzlaff@premierdiagnostics.ca
www.premierdiagnostics.ca
