TAMPA, Fla., Feb. 3, 2011 /PRNewswire/ -- Due to changes in
market conditions, ICBU management decided to change the focus of
its business plan away from the alternative energy industry and
instead into medical diagnostics, health and fitness. The
company's prior operations surrounding the research and development
of alternative fuel based natural substances and bi-products, such
as algae and krill oil, lead it into using some of those same
ingredients for nutraceutical and health and fitness products.
Accordingly, ICBU acquired the rights to the "Jelco nutrient
gel", a promising weight loss product. ICBU will be exploring
using the formula to produce a weight management dietary supplement
using an innovative delivery method. The acquisition was a
stock based transaction, and the company will continue to refine
the product to expand its potential.
This is the first step taken by ICBU in the new direction it has
adopted. The company is now concentrating on the medical
diagnostics, health, nutrition and weight management fields.
The company plans to release additional public information
regarding its changes in business plan and structure currently.
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.