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Big Mover; Imaging Diagnostic Systems Inc. (IMDS)

By Warren Paige

Shares of Imaging Diagnostic Systems Inc. (OTC: IMDS), developer of the CTLM system, are surging in trading today.

At last check, IMDS shares were trading 66.67% higher at $0.0005 on volume of 96.94 million.

Imaging Diagnostic Systems last month announced the signing of a distribution agreement with Mareen Group to market and sell its CTLM System in Kuwait.

Based in Kuwait, Mareen Group is a well-established medical and pharmaceutical distribution company. Mareen’s General Manager, Ahmad Abdulrahman, last month said that Mareen Group is eager to support the imaging needs of patients through the CTLM System.

Imaging Diagnostic CEO Linda Grable last month said that IMDS is delighted to assign Mareen Group as its new distributor. Grable said that the women in Kuwait will hopefully benefit from CTLM’s unique and discrete breast imaging process to aid in the diagnosis and management of breast abnormalities.

 

June 21st, 2012 | Tags: | Category: Hot MicroCaps

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.