iMD Launches US-Assembled Hydroponic Lighting Product Line
PLACERVILLE, CA, Jan. 21, 2015 /PRNewswire/ - iMD Companies, Inc. (OTC: ICBU) today announced that the company is launching their own US-assembled Hydroponic lighting product line. The lighting products represent the first in a series of planned hydroponics related product releases, which correspond to the company's opportunities in the commercial grow facility sector.
"Our long-term strategic plan is coming together nicely and the lighting products are just the start," said Jim Filkins, Vice-President of iMD Companies. "A line of products featuring items such as nutrients, full indoor garden kits, and other products essential to growers are on the way. We have focused on establishing relationships and demand in both the distribution and reseller tiers of the fast growing mainstream segment of the industry."
The focus now, however, is on the explosive component market of hydroponics. The hydroponic lighting market reached an estimated $617 million in sales in 2014 with growth estimated for 2015 at 15% - 20%.
Larry Robertson, President of iMD Companies, notes that there is a share of the market ripe for the taking and he takes incredible pride in the manner in which these iMD products are made. Given that most of the hydroponic equipment currently is imported from China, Robertson sees a golden opportunity to market a "homemade" line of products.
"Growth in the hydroponic equipment market is occurring so rapidly that there are no companies with a dominant share of the market," Robertson said. "We also have the favorable advantage of offering products that are either "assembled in the USA" or "Made in the USA" and it is widely acknowledged that the majority of US citizens prefer to buy these products when given the opportunity.
About iMD Companies, Inc.
iMD Companies, Inc., (OTC MARKETS: ICBU) a Florida corporation, has recently re-positioned to be a holding company for acquisitions in the Hydroponics and Hemp industry. The Hydroponics subsidiary, R-Quest Hydroponics, is engaged in the manufacturing, marketing, and distribution of equipment for the hydroponics industry. The 2013 acquisition of a majority stake in R-Quest Hydroponics Inc. purchased from Anything Technologies Media (OTC:EXMT) has been augmented by the purchase of Lumz'n Blooms, Ltd., a Manufacturer of Indoor Gardening and Hydroponics Equipment. The recently announced acquisition in process of a majority stake in Freedom Seed and Feed and related companies represent the Company's entry into the HEMP industry. The Company's management and advisory team has extensive backgrounds in finance, farming, manufacturing, marketing and distribution. iMD's goal is to create and increase shareholder value by organic growth, strategic acquisitions and creative business alliances, which should generate increased revenues and earnings. For more information please visit www.imdcompanies.com
About R-Quest Hydroponics, Inc.
R-Quest Hydroponics, Inc. is a Hardware and Software Manufacturing Company headquartered in Placerville, California. R-Quest Hydroponics, Inc. has developed the new Environmental Master Controller EMC-5000 system, which is able to provide constant management for grow room facilities for indoor gardens. The EMC-5000 was developed so that growers can rest easy with the confidence that their crop is in excellent hands. The EMC-5000 is able to regulate and control all aspects of an indoor grow system, including Light cycles to optimize growth, Fans, Nutrient pumps, and CO2 level controls to help manage grow rooms. To see more information on the EMC-5000 go to www.r-questhydro.com.
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.
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