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News Story
ImaSight shows loss in first public release of finances
By Elizabeth Howell, Ottawa Business Journal Staff
Thu, Aug 28, 2008 4:00 PM EST

John Brooks

Gatineau's ImaSight Corp. (TSX-V:IAS), freshly opened as a public company, announced red-ink financial results Thursday while trumpeting news of new distributors for its veterinary digital X-ray sensors.

Colorado-based Apexx Equipment, which already uses the ImaSight 4600 sensor for veterinary medicine, will join with Mississauga's CAN-med Healthcare to parcel out the sensor to vendors.

ImaSight also heralded the sale of a second sensor – the Digital VetTek x-ray system – to a major, unnamed veterinary hospital chain in North America. AFP Imaging of New York will handle distribution for VetTek.

The company's financial results showed a comprehensive and net loss of $1.03 million in the eight months leading up to June 30.

ImaSight's gross profit was $237,297 and its sales reached $574,387 during the same time period.

Earlier this month, ImaSight CEO John Brooks said the company may sell off the CRD-5 drug technology it acquired through a reverse takeover of Liponex Inc.

The drug treats heart disease by raising 'good cholesterol' - also known as high-density lipoprotein or HDL - levels in the body.


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