TAMPA, Fla., March 3, 2011 /PRNewswire/ -- In keeping with the company's previously announced plan to expand into the growing juvenile health and fitness industry, IMD Companies (OTCMarkets: ICBU) announces that, in a part cash part stock deal, it has acquired Positive Solutions, LLC, a Florida corporation, to be held as a wholly owned subsidiary. Positive has been engaged in the development of juvenile weight-loss and fitness programs since 2009, investing over one hundred thousand dollars into the creating of kits and books and training programs under the acronym "P.L.A.Y." (Positive Living and Activity for Youths). The fitness programs will be sold through licensing agreements at centers throughout the country.
The subsidiary's websites are "positivesolutionscenters.com" and "pscenters.com", and detail the programs available. "This acquisition not only satisfies another target in our open letter to shareholders, but allows IMD to commence its own program to tackle the juvenile obesity problem outlined by the First Lady of the United States," stated CEO Saeb Jannoun. "We will be announcing the opening of our first centers in the near future.
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 to 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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SOURCE IMD Companies, Inc.