Bederra Corporation Signs Letter of Intent to Acquire Lumar Diagnostic Imaging, Inc.HOUSTON -- Bederra Corporation (Pink Sheets: BDRR) announces it has signed a letter of intent to acquire the assets receivables and liabilities of privately held Lumar Diagnostic Imaging, Inc. Lumar Diagnostic Imaging, Inc., is a privately held Texas Corporation located in Houston, Texas “Houston” redirects here. For other uses, see Houston (disambiguation). Houston (pronounced /'hjuːstən/) is the largest city in the state of Texas and the . Lumar Diagnostic Imaging, Inc. was formed to provide multi modality modality /mo·dal·i·ty/ (mo-dal´i-te) 1. a method of application of, or the employment of, any therapeutic agent, especially a physical agent. 2. medical diagnostic imaging services such as MRI 1. (application) MRI - Magnetic Resonance Imaging. 2. MRI - Measurement Requirements and Interface. , CT, Ultrasound and Pain Management. The facility is located adjacent to the world-renowned Houston Texas Medical Center. Graham Williams Graham Williams was a British television producer and script editor, whose best known work was on the BBC science fiction television series Doctor Who. After working as script editor for The View From Daniel Pike (1971), Sutherland's Law , President of Bederra Corporation, states, "The letter of intent to acquire Lumar Diagnostic Imaging, Inc. represents another significant milestone in growing annual revenues. The transaction is based upon using cash and debt financing Debt Financing When a firm raises money for working capital or capital expenditures by selling bonds, bills, or notes to individual and/or institutional investors. In return for lending the money, the individuals or institutions become creditors and receive a promise to repay to complete the acquisition." Projected gross revenues from this acquisition for fiscal year 2008 are anticipated to be in excess of 3 million dollars with profits. Lumar Diagnostic Imaging, Inc. will operate as a wholly-owned subsidiary of Bederra Corporation when the acquisition is completed by the end of the first quarter 2008. Bederra Corporation has 28,416,204 shares of common stock outstanding with 6 million shares in the public float as of January 22, 2008. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements are based on current expectations and the current economic environment. This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion