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SOURCE: DIAGNOS inc. VENTURE TSX TICKER: ADK
DIAGNOS announces its highest quarterly results since the beginning of its operation
Brossard, Quebec, Canada – August 30, 2006 – DIAGNOS inc. (“DIAGNOS” or the “Corporation”) (VENTURE TSX: ADK), a leader in knowledge extraction and artificial intelligence, announced today the financial results of its first quarter for fiscal year 2007.
During the quarter ended June 30, 2006, DIAGNOS registered total revenue of $295,728, an increase of 64%, compared to revenue of $180,082 for the first quarter of fiscal year 2006. The net loss for the first quarter of fiscal year 2007 is $92,341 compared to $80,801 for the first quarter of fiscal year 2006.
Over 67% of the Corporation’s revenue was derived from gains on sale of options granted on certain mineral exploration claims to properties.
DIAGNOS signed its largest contract, related to the sale of options on mineral exploration claims to properties since the beginning of its operation during the quarter.
Furthermore, DIAGNOS acquired an additional 53 mining claims located in the center of the mining region in Abitibi, Quebec. These claims were acquired for future joint venture agreement with exploration companies.
“Using DIAGNOS’ Artificial Intelligence (AI) methodology our customers can better target high value zones for drilling purposes” declared Mr André Larente, President of DIAGNOS.
About DIAGNOS
DIAGNOS inc. develops and markets data mining software. The Corporation designed and developed MCubiX, a data mining software suite capable of extracting knowledge from historical data – in the form of images, text or traditional databases – and making predictions that improve business processes and decision making ability. CARDS (Computer Aided Resource Detection Software) can be applied to several sectors of prospecting, such as diamond, gold, zinc, copper and the oil and gas, and each one of these resources require a distinct methodology endorsed by the application. 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.
For more information, please contact: André Larente, President
Telephone: (450) 678-8882, ext. 24 alarente@diagnos.ca
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