FL, July 24, 2014 /PRNewswire/
- iMD Companies, Inc. (OTC:ICBU) iMD Companies is pleased to
announce that a group of accredited investors has signed an
agreement to invest up to $500,000.00
specifically targeted at growing the Company's core Gardening
business. The initial tranche of $25,000 has already been advanced and the
remainder will be distributed based on the needs of the "core"
business. The investment will fall under Rule 144 and will be
described in detail in the Company's audit, which we believe will
be completed, by the end of August. In addition, the Company is in
the process of closing new strategic acquisitions, which will
provide vertically integrated growth.
After searching for other acquisitions that would
be similar to that of Lumz and Blooms, management feels that an
investment into the core competency of the business would create a
better "return on investment" for shareholders. Management and the
Accredited Investors have put a lot of faith into the Vice
President of Sales and Marketing, Jim
Filkins, and believe that given his knowledge and contacts
within the business, capital would be better invested directly to
the Company rather than by acquisition.
The Company is fully dedicated to grow its core
business while making key acquisitions of profitable companies that
can be vertically integrated.
Jim Filkins commented, "This is a
very exciting time at iMD. When people from the private sector
believe in our company to the extent that they are willing to
invest their personal capital in our future, it means we are doing
things right. I appreciate the confidence put into our team. This
is all about how we build on what we do best. For iMD it is our
knowledge base and industry contacts. It's a balance of what we
know and who we know. I have been bringing products to market for
25 years and we plan to use what has already been built to propel
iMD forward in this dynamic market."
About iMD Companies, Inc.
iMD Companies, Inc., (OTC
MARKETS: ICBU) is a Florida
corporation, engaged in the medical diagnostics and health
industries. The company has recently re-positioned to be a
holding company for acquisitions in the medical and marijuana
industry. Recent acquisitions in those areas are R-Quest
Hydroponics Inc from Anything Technologies Media (OTC:EXMT).
Greenlinks Inc. and Lumz'n Blooms, Ltd., a Manufacturer of
Indoor Gardening and Hydroponics Equipment. The company and the
principals of the management team have extensive backgrounds in
finance, new technologies, manufacturing, marketing and
distribution. ICBU's goal is to create and increase
shareholder value by tactically growing our core Hydroponics
business while strategically seeking to acquire new businesses and
create other business alliances, which generate increased revenues
About Lumz'n Blooms, Ltd.
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 Hydroponics 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 R-Quest Hydroponics, Inc.
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. To see more information on the EMC-5000 go
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.