PLACERVILLE, CA, Jan. 18, 2017 /PRNewswire/ - IMD Companies, Inc. (OTC: ICBU) Subsidiary KRSNA Minerals is expanding its work on its claims to meet demands for contracts with China for Manganese and Iron Ore. This is due to increased demand for these minerals. The company completed its acquisition of KRSNA Minerals in India last month. KRSNA Minerals is a producing mine with over 600 acres of mining claims with an estimated recoverable asset value of 700 million. KRSNA Minerals has contracts with the Chinese government to supply Manganese and Iron ore.
Due to the completion of the acquisition of Krishna Minerals iMD has engaged BF Borders CPA to become a fully reporting PCOB accredit audited company. This will enable the company to become QB certified as soon as all financials and audits are completed. The company also plans on filing a S1 registration with the SEC to register all if it shares.
"We are very excited to work with KRSNA Minerals and feel that this acquisition will move ICBU to the next level of being a QB certified company with audited financials. We are pleased that KRSNA has several contracts that will be generating increased revenues for the company over the next several years.," Stated, Richard Wilson, CEO of IMD Companies Inc.
About iMD Companies, Inc.
iMD Companies, Inc., (: ICBU) is a Florida corporation, engaged in the manufacturing, extraction and distribution in mining, 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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SOURCE iMD Companies, Inc.