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.
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.