3SOF

ADK ...maybe another CIMT story...

http://www.canada.com/montrealgazette/news/business/story.html?id=3ee3358d-0fb6-4d63-af4c-85060fdf2462

QuoteADK ...maybe another CIMT story...

http://www.canada.com/montrealgazette/news/business/story.html?id=3ee3358d-0fb6-4d63-af4c-85060fdf2462

Hi kpunarc, Diagnos isn't traded in the US, just in the Toronto Stock Exchange. The ticker symbol ADK instead relates to Adcare Health Systems, which trades in the AMEX.

Anyway, Diagnos has nothing to do with CIMT, because Diagnos is a start-up software company in the mining field, whereas CIMT is much more mature company. Diagnos has no revenues and has been losing ($1 M) a year, while CIMT has $40 M - $50 M in revenues and is profitable.

But I get your point, they're both micro cap software companies (I wonder about ADK's market cap, do you know? Thanks, I don't have financial data for Canadian companies).

I find this interesting in your link:

«Currently, 90 per cent of annual revenues are expected to come from mineral exploration clients, but Larente expects to diversify into other areas including oil and gas, health care, financial markets and security.

Diagnos is developing analytical tools to examine photographic images of the retina and predict the likelihood of diabetes-related blindness. An application is being used in the foreign exchange market to analyze currency movements and predict winning investment strategies.»

These guys expect to do everything, which is an indication of their youth. This is another:

«Diagnos was founded in 2000 by a group of researchers in Quebec and Lyon, France, who had developed data-mining software.

"They all thought they were going to become millionaires overnight," he recalls.»

Anyway, it's an interesting company, thanks kpunarc

US gold has been using their service on a couple of projects. I have been watching for about 6 months. Their up 22%in that time, maybe I should have been investing instead.

uc.


DIAGNOS Reports Record Revenue for its Third Quarter
Tuesday March 4, 11:10 am ET

BROSSARD, QUEBEC, CANADA--(Marketwire - March 4, 2008) - DIAGNOS inc. ("DIAGNOS" or the "Corporation") (TSX VENTURE:ADK - News), a leader in the use of artificial intelligence ("AI") and advanced knowledge extraction techniques, announced last February 28, the financial results of its third quarter of fiscal year 2008.


During the third quarter ended December 31, 2007, DIAGNOS reported record revenue of $839,278, an increase of 721% compared to the third quarter of the fiscal year 2007. Furthermore, the Corporation reported a profit of $128,724 representing the second profitable quarter in a row compared to a loss of $257,286 for the third quarter of the fiscal year 2007.

Third Quarter Highlights

- 10 new contracts for CARDS (Computer Aided Resources Detection System) services

- Revenue growth of 721%

- 3 contracts larger than $200,000

- Strong momentum with major partners throughout Canada and the USA

"We are pleased with the results of the third quarter," said Andre Larente, President and CEO of DIAGNOS. "The strong financial and operational performance demonstrates solid execution on all fronts. Our business strategy is focused, clear and consistent. Our strategy is strong, beginning with the unmatched quality of our team and customer base."

For further information, please visit our Website at www.diagnos.ca. The Corporation's objective is to develop a royalty stream by significantly enhancing and participating in the exploration success rate of mining and oil and gas companies.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.