"Dicom has made an initial $50,000 payment towards the $250,000 price to secure this option and plans to begin its marketing activities at the American Society of Plastic Surgery annual scientific session in October 2000. Entering the medical market affords us a great opportunity and the potential for accelerated growth", stated Dr. David Gane, Dicom's chief executive officer.
Medical Imaging Suite will be marketed for use in general surgery, dermatology and in the field of plastic surgery, a leading growth area in the medical field due to the fact that the North American patients are becoming increasingly knowledgeable and curious about cosmetic procedures. Dicom's Medical Imaging Suite will enable doctors to work in concert with their patient when providing cosmetic procedures and will allow the patient to preview the proposed treatments prior to any procedure being performed. Using the Medical Imaging Suite software, physicians and technicians will be able to acquire, file and communicate patient images with each other, their patients and third party payers.
"We are very excited about exercising the medical license option", stated Dr. Gane. "We are currently in the process of revising our projected financial statements to reflect the impact this new product will have on our financial performance. With a medical market significantly larger than the dental market, we expect that the sales of Medical Imaging Suite software will substantially increase our revenue projections, as well as our profitability."
Dicom Imaging Systems, Inc. is a provider of DICOM (Digital Imaging Communications in Medicine) compliant imaging software to the dental industry. Dicom intends to set the standard of DICOM compliance in the dental arena by distributing a complimentary copy of its Dental Imaging Suite to dental professionals, laboratories, educational facilities and dental equipment manufacturer and dealers, through direct mail and through partnering arrangements. Add-on software modules, service and support contracts, and select hardware devices will be marketed through subsequent telephone and e-commerce sales.