iMD Companies Announces the Retention of the Investment Banking Firm StreetCapital
TAMPA, FL, March 5, 2014 /PRNewswire/ - iMD Companies, Inc. (OTC:ICBU) The Company announced it has retained Street Capital, Inc, an Atlanta based investment banking firm, to assist the Company in a variety of corporate initiatives and to assist the Company in seeking financial and strategic alternatives. StreetCapital's broad range of service offerings is to provide the Company with the necessary tools required to accomplish portions of the current Company Management's business plan and assist in sustaining Company growth into the foreseeable future.
Larry Robertson, iMD's President, commented on the retention of StreetCapital. "We are very pleased to have a seasoned banking team like Street Capital as our investment bankers. Now that the Company is positioned for substantial growth and profitability, StreetCapital's strong track record in capital raising and mergers and acquisitions advisory will prove invaluable. Street is actively developing and investigating several financial and strategic alternatives designed to further increase the value of iMD Companies."
Matt Myers, Senior Vice President of StreetCapital, said, "We feel honored to assist and advise iMD Companies at this exciting time. The Company's recent initiatives have transformed iMD into a dynamic holding company with three distinct product lines. This fundamentally alters the Companies intrinsic value. Moreover, the new product lines under development and the previously announced acquisitions are expected to generate additional sales volume, revenues and additional market reach. We will be working with management to evaluate numerous strategic inquiries, analyze the pending acquisitions and develop a financing plan with the singular goal of creating additional shareholder value."
Based in Atlanta and New York, StreetCapital is a privately owned, cutting edge investment banking firm concentrating on providing unique and creative financial solutions to promising public companies. Their services consist of capital raising, strategic advisory, due diligence and private securities sales. They have specialized in funding small and micro-cap companies since 2001. Street Capital's web site address is www.scapital.com.
About IMD Companies, Inc.
IMD Companies, Inc., (OTC MARKETS:ICBU) is a Florida corporation, engaged in the medical diagnostics and health and fitness industries. The company is currently positioned to be a holding company for major acquisitions in the medical, and marijuana industry. Its primary products and services lie in the health and fitness and medical diagnostics services markets. The company delivers its medical diagnostic services on-site at participating medical clinics and physician offices and company sponsored health fairs.
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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.