PLACERVILLE, CA, Jan. 21, 2015 /PRNewswire/ - iMD Companies, Inc.
(OTC: ICBU) today announced that the company is launching their own
US-assembled Hydroponic lighting product line. The lighting
products represent the first in a series of planned hydroponics
related product releases, which correspond to the company's
opportunities in the commercial grow facility sector.
"Our long-term strategic plan is coming together nicely and the
lighting products are just the start," said Jim Filkins, Vice-President of iMD Companies. "A
line of products featuring items such as nutrients, full indoor
garden kits, and other products essential to growers are on the
way. We have focused on establishing relationships and demand in
both the distribution and reseller tiers of the fast growing
mainstream segment of the industry."
The focus now, however, is on the explosive component market of
hydroponics. The hydroponic lighting market reached an estimated
$617 million in sales in 2014 with
growth estimated for 2015 at 15% - 20%.
Larry Robertson, President of iMD
Companies, notes that there is a share of the market ripe for the
taking and he takes incredible pride in the manner in which these
iMD products are made. Given that most of the hydroponic equipment
currently is imported from China,
Robertson sees a golden opportunity to market a "homemade" line of
products.
"Growth in the hydroponic equipment market is occurring so
rapidly that there are no companies with a dominant share of the
market," Robertson said. "We also have the favorable advantage of
offering products that are either "assembled in the USA" or "Made in the USA" and it is widely acknowledged that the
majority of US citizens prefer to buy these products when given the
opportunity.
About iMD Companies, Inc.
iMD Companies, Inc., (OTC MARKETS: ICBU) a Florida corporation, has recently
re-positioned to be a holding company for acquisitions in the
Hydroponics and Hemp industry. The Hydroponics subsidiary, R-Quest
Hydroponics, is engaged in the manufacturing, marketing, and
distribution of equipment for the hydroponics industry. The 2013
acquisition of a majority stake in R-Quest Hydroponics Inc.
purchased from Anything Technologies Media (OTC:EXMT) has been
augmented by the purchase of Lumz'n Blooms, Ltd., a Manufacturer of
Indoor Gardening and Hydroponics Equipment. The recently announced
acquisition in process of a majority stake in Freedom Seed and Feed
and related companies represent the Company's entry into the HEMP
industry. The Company's management and advisory team has extensive
backgrounds in finance, farming, manufacturing, marketing and
distribution. iMD's goal is to create and increase shareholder
value by organic growth, strategic acquisitions and creative
business alliances, which should generate increased revenues and
earnings. For more information please visit
www.imdcompanies.com
About R-Quest Hydroponics, Inc.
R-Quest Hydroponics, Inc. is a Hardware and Software
Manufacturing Company headquartered 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. 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.
SOURCE IMD Companies, Inc.