We own, operate and manage out-patient medical diagnostic imaging centers that utilize positron emission tomography ("PET") and or computed tomography ("CT") imaging equipment, collectively referred to as "PET". PET is an advanced, robust medical diagnostic imaging procedure currently used by physicians in the diagnosis, staging and treatment of certain cancers, coronary disease and neurological disorders including Alzheimer's disease.
As of December 31, 2006, we own and or operate seven PET imaging centers, and are constructing an eighth PET imaging center in Tamarac, Florida. We remain in the initial phase of our long-term plan and expect to incur future losses until such time that our PET imaging centers generate sufficient revenue to offset our operating expenses. In order to achieve our long-term objectives of generating profits and positive cash flow, it is critical that we reverse our historical trend of losses and begin to develop and sustain a trend of generating working capital that is derived from the operations of our PET imaging centers.
