PLACERVILLE, CA, Oct. 11, 2016 /PRNewswire/ - iMD Companies, Inc. (OTC: ICBU) Board of Directors are pleased to announce that the company has completed its negotiation to acquire a 100-million-dollar revenue producing asset into the company. The acquisition is expected to be a wholly owned subsidiary into the company. The company is waiting for all of the audited financials from the company it plans on acquiring before it announces all the details of the acquisition. Once financials are received from auditors the company will announce the name of the company and expects to do so shortly. The company announced over one month ago that it had completed all of its financials to become current with OTC Markets in anticipation of this first acquisition.
"Now that we have completed all negotiations and terms of this first acquisition we are prepared to take our company to new levels and expect to begin the process to be a QB fully Reporting Company. We feel this acquisition is in the best interests of our shareholders and will create greater shareholder value in the short and long term of the company," Stated, Richard Wilson, CEO of iMD Companies Inc.
About iMD Companies, Inc.
iMD Companies, Inc., (:ICBU) is a Florida corporation, engaged in the manufacturing and distribution in the hydroponics industries and asset accumulations of revenue producing companies. The company is positioned to be a holding company for acquisitions in the medical, mining and hydroponics industries. Acquisitions in those areas are R-Quest Hydroponics from Anything Technologies Media (OTC: EXMT). The company and the principals of the management team have extensive backgrounds in finance, 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 business and create other business alliances, which generate increased revenues and earnings.
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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," "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
SOURCE iMD Companies, Inc.