Evolved Digital's shares surge

CFO asserts new 'traction' among customers and targets analysts

Email | Print By Milt Capps

Evolved Digital Systems Inc., traded publicly in Canada with U.S. headquarters in Brentwood, today enjoyed a midday runup of 21.88 percent, trading at $0.195 (12:33 p.m. CT) on volume some 20 times greater than the daily average for the thinly traded stock.

Evolved's Bill Greer, who wears three hats as executive vice president, CFO and chief operating officer, told NashvillePost.com this afternoon he attributes the rise in share prices to the company's recent reports of positive cash flow and increased sales, including three recently announced deals with imaging centers and community hospitals. Those customers opted for Evolved's radiology-information systems, picture-archving and communications technology and related offerings.

Greer said Evolved plans to announce a fourth new customer, another imaging center, within the next few days.

He also explained that since joining Evolved in 2004, he has focused first on improving operations and only then on rebuilding the company's sales force. He believes those efforts are now producing "traction." Greer also noted that Evolved is little tracked by investment analysts, but that beginning in August he will be calling on those influentials.