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Bederra Corporation Announces Acquisition of Lumar Diagnostic Imaging, Inc.



3/5/2008 8:27:40 AM

HOUSTON--(BUSINESS WIRE)--Bederra Corporation (Pink Sheets:BDRR - News) announces it has completed the acquisition of the privately held Lumar Diagnostic Imaging, Inc.

Lumar Diagnostic Imaging, Inc. is a privately held Texas corporation located in Houston, Texas. Lumar Diagnostic Imaging, Inc. was formed to provide multi modality medical diagnostic imaging services such as MRI, CT, Ultrasound and Pain Management. The facility is located adjacent to the world-renowned Houston Texas Medical Center.

Graham Williams said Bederra Corporation purchased only the assets of Lumar Diagnostic Imaging including the name, equipment, accounts, records and personnel. Last year the imaging center generated revenues in excess of $4 million and it is profitable. The purchase price consisted of cash and debt.

Lumar Diagnostic Imaging, Inc. will operate as a wholly owned subsidiary of Bederra Corporation under the new name of Lumar Imaging Inc.

Safe Harbor Statement

Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" under the Private Securities Litigation Reform Act 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.

Contact:

Bederra Corporation Graham Williams, 281-540-0500 President leasse@earthlink.com

Source: Bederra Corporation


Read at BioSpace.com


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