TAMPA, FL, June 25, 2014 /PRNewswire/ - Lumz'n Blooms,
Ltd, a subsidiary of iMD Companies, Inc. (OTC: ICBU) has announced
they have received a revolving line of credit from a significant
shareholder. The senior credit facility consists of a revolving
line collateralized by accounts receivable and inventory.
"This line will assist Lumz'n Blooms in satisfying its growing
orders and will assist our company get to the next level. We have
seen an increasing demand for our LED and digital technology
products, with hundreds of units that are being shipped to waiting
customers." remarked Brian Tucker,
President of Lumz'n Blooms. "Orders for the company's products can
now be expedited to Lumz's customers. As a result of new
distribution centers and favorable terms of the credit line,
profits on these orders will improve significantly." Along
with other funding recently received from the parent company, iMD,
Lumz existing orders are being fulfilled, and orders from new
customers are in process." We look forward to being able to enhance
our relationships with current customers as well as capture future
opportunities to achieve our growth plans."
Our management team is committed to building a long term
successful Company. We are executing both our tactical and
strategic plan as quickly and efficiently as possible.
Our audit is ongoing and is expecting to be completed over the
summer. As we have previously stated, we are committed to
being fully transparent. We expect to be filing a Form 10
after the audit is complete. In addition, we are in advanced
discussions with additional acquisitions and business
alliances. We will report updates accordingly.
About Lumz'n Blooms, Ltd.
Lumz'n Blooms, Ltd. a Manufacturer and distributor of products
and services for commercial and private growers. Founded in
2006, Lumz'n Blooms, LTD. has a grown its business year over year
and generated revenues of over $2
million in 2013 with positive cash flow. Lumz'n
Blooms, LTD.'s main products allow consumers to "Bring the Sun
Indoors". Lighting, ballasts, growing materials are
considered the "Pickaxe and Shovel" of the "Green Rush". Over
the past 7 plus years Lumz'n Blooms has developed strong
distribution channels and today counts Central Garden and Pet,
HomeDepot.com, Amazon Prime, Bi-Mart, Orchard Supply as well as
hundreds of independent Nursery, Hardware and Hydroponic Retailers
among its customers. These established distribution channels,
combined with their extensive product line and industry knowledge,
makes Lumz'n Blooms a foundational acquisition for building future
growth. For more information go to www.Lumz-n-Blooms.com ,
www.TuckersPride.com and www.InHomeGardening.com
About IMD Companies, Inc.
IMD Companies, Inc., (OTC MARKETS: ICBU) is a Florida corporation, led by serial
entrepreneurs who have launched several successful ventures to
date; the company has taken a new direction as a holding company.
Management's purpose moving forward is to acquire, develop and
group-promising entities under one roof, providing them with the
collective power afforded by their joint assets. This strategy has
proven to be a profitable and financially sound platform for our
corporate success.
Our interests focus on all aspects of health and wellness,
hydroponics, commercial and private indoor gardening and medical
marijuana. The company seeks to evaluate and acquire businesses
that show great promise as innovators in their field. Moving
forward it is our objective to acquire and develop companies
related to these fields.
About R-Quest Hydroponics, Inc.
R-Quest Hydroponics,
Inc., is a Hardware and Software Manufacturing Company with its
headquarters in Placerville, California. R-Quest Hydroponics,
Inc. has developed the new Environmental Master Controller EMC-5000
system, which is able to provide constant management for grow room
facilities for indoor gardens. The EMC-5000 was developed so that
growers can rest easy with the confidence that their crop is in
excellent hands. The EMC-5000 is able to regulate and control all
aspects of an indoor grow system, including Light cycles to
optimize growth, Fans, Nutrient pumps, and CO2 level controls to
help manage grow rooms. R-Quest was purchased from Anything
Technologies Media (OTC:EXMT) in 2013. To see more information on
the EMC-5000 go to www.r-questhydro.com
Safe Harbor Statement:
Certain statements made in this press release constitute
forward-looking statements that are based on management's
expectations, estimates, projections and assumptions. Words such as
"expects," "anticipates," "plans," "believes," "scheduled,"
"estimates" and variations of these words and similar expressions
are intended to identify forward-looking statements.
Forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995,
as amended. These statements are not guarantees of future
performance and involve certain risks and uncertainties, which are
difficult to predict. Therefore, actual future results and trends
may differ materially from what is forecast in forward-looking
statements due to a variety of factors. All forward-looking
statements speak only as of the date of this press release and the
company does not undertake any obligation to update or publicly
release any revisions to forward-looking statements to reflect
events, circumstances or changes in expectations after the date of
this press release.
LEGAL DISCLOSURE:
IMD Companies, Inc. does not sell or distribute any products that
are in violation of the United States Controlled Substances Act
(US.CSA).
www.imdcompanies.com
SOURCE IMD Companies, Inc.