TAMPA, Fla., May 4, 2011 /PRNewswire/ -- As a result of its recent acquisition of Optimum Mobile Imaging LLC ("OMI"), iMD is on track to double revenues in the second quarter of 2011 over the last quarter of 2010. The addition of OMI has expanded iMD's overall diagnostics accounts even while being currently limited to the Phoenix area. As we expand, we expect to exponentially increase revenues and earnings.
Saeb Jannoun stated, "We are very pleased with the revenue figures and anticipate that this trend will continue for the foreseeable future. We feel we will continue to increase shareholder value by growing revenue through our current acquisitions as well as additional acquisition candidates that will be accretive to earnings."
ABOUT IMD COMPANIES, INC.
iMD Companies, Inc., (OTC MARKETS: ICBU) is a Florida corporation, engaged in the medical diagnostics and health and fitness industries. Its primary products and services lie in the health and fitness nutraceutical and medical diagnostics services markets. The company further plans to expand into the weight-loss industry.
The company delivers its medical diagnostic services on-site participating medical clinics and physician offices. The nutraceutical supplements, pills, bar and gels will be marketed and distributed through participating clinics and on-line web marketing retail methods. The company will continue to develop its innovative marketing strategies, including the use of social networking vehicles.
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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," "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.