TAMPA, Fla., Feb. 15, 2011 /PRNewswire/ --
To the Shareholders of iMD Companies, Inc.:
The Company announced major changes in management and operations on February 8, 2011. Accordingly, our next target involves the acquisition of a diagnostics company that maintains an IDTF (Independent Diagnostic Testing Facility). This would enable us to expand services and diagnostic test as well as allow for direct billing to insurance providers, a key to this industry, which we currently cannot access. We are near completion of that acquisition and will be releasing more information about this transaction shortly. These simple steps by themselves should expand revenues greatly.
We are also looking into acquisitions and joint ventures involving, nutraceuticles and dietary supplements as well as weight management programs and products. The current consensus is that these areas will feature dramatic growth for the foreseeable future and management has placed them on the fast track. These industries currently generate over 35 billion dollars in revenues in the US on an annual basis and we will obtain our share of those marketplaces. These acquisitions also serve to immediately increase the company's net worth by increasing the value of our ever expanding state of the art information data base. Comprehensive data bases have become one of the most valuable assets in the modern global marketplace.
In conjunction, we are working hard to add a renowned licensed medical physician with experience in diagnostics, health and fitness and data base development.
To date our accomplishments are in line with what we planned for these past months. We will continue to carry out our strategy with our new business plan in mind. Through our extensive contacts we have made our plans known, and as a result, we are attracting interest from several potential partners.
I believe that all our plans and efforts will result in substantial rewards in the future. It is not this management's style to build up publicity without having taken solid steps towards accomplishing the task and we anticipate that our stock price will soon reflect our real potential. We firmly believe that our actions will speak for themselves and that having a solid business and real assets will result in exciting growth and thus create real shareholder value this year. Our approach will be strategic and conservative while at the same time maintaining the forward motion required to reach our goals. We will remain committed to the success of iMD and thank you for your commitment to us. I look forward to what I believe will be a significant year for iMD Companies.
iMD Companies Chairman & CEO
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.
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.