LED Medical Diagnostics Inc. Reports 2015 First Quarter Results

VANCOUVER, BC--(Marketwired - May 28, 2015) - LED Medical Diagnostics Inc. ("LED Medical" or the "Company") (TSX VENTURE: LMD) (OTCQX: LEDIF) (FRANKFURT: LME) today announced its financial results for the first quarter ended March 31, 2015, reported in United States dollars and in accordance with International Financial Reporting Standards ("IFRS"). The Company's results are presented in comparison to the first quarter ended March 31, 2014. All balances are expressed in United States dollars unless otherwise stated.

Business Highlights

"We have set the stage for a breakout year in 2015 and had a strong Q1 in line with our internal projections. Throughout the remainder of 2015, we plan to aggressively leverage our new operating infrastructure and optimize our cost structure as well," stated Dr. David Gane CEO of LED Medical. "We are proud of our ability to attract world class imaging technology partners and the execution of our sales, marketing and support teams in growing our business in this exciting and vibrant market opportunity." Gane added, "The first quarter is seasonally one of low sales activity for capital equipment purchases in the North American dental market. This seasonality has been factored into our plan and we remain on track to achieve our revenue guidance."

Notable business developments and achievements up to the reporting date included the following:

• On March 17, 2015, the Company announced the funding of an $8,000 gift to the University of British Columbia to support a research project titled "Prevention Strategies in Early Detection and Diagnosis of Oral Cancer in Vietnam." This gift will fund the travel costs to Vietnam for two research trainers to deliver training for various levels of health professionals. Oral Cancer is one of the most common cancers in Vietnam, more than six times higher than for patients in the US and Canada.

• On April 9, 2015, the Company announced an agreement with OrthoSynetics which designates LED Dental as the preferred imaging technology supplier for their orthodontic practices. OrthoSynetics provides administrative, marketing and financial services for 350 orthodontic practices across the United States.

• On April 15, 2015, the Company announced a pilot program for oral cancer screenings at various London Drug pharmacies in the lower mainland of B.C. This program has been endorsed by the BC Oral Cancer Prevention Program.

• On April 21, 2015, the Company announced that it will be serving as a strategic partner in the Oral Cancer Foundation's "Be Part of the Change" program, seeking to promote the importance of routine comprehensive oral screenings and early detection in the fight against oral cancer.

• On May 27, 2015, LED Board member Praveen Varshney announced that he has officially resigned from his post as Board member to pursue other business interests.

Financial Highlights