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.
Sincerely,
Saeb Jannoun
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.
www.imdcompanies.com
SOURCE iMD Companies, Inc.