TAMPA, Fla., April 22, 2011 /PRNewswire/ -- As a result of its
recent acquisition announced yesterday of Optimum Mobile Imaging
LLC ("OMI"), iMD is actively seeking to dramatically expand
its overall Medical Diagnostics operations. Currently operating
mainly in the Phoenix area, iMD
will expand OMI's services throughout the state. We believe
we can gain traction in this growing Medical Diagnostics market
within several additional parts of the country including FL, UT, CA
and TX. With the financial resources to attract qualified marketing
representatives , iMD hopes to have OMI operating in all these
states within the next 12 months. This initial expansion
should serve to multiply revenues exponentially. Our analysis
shows that Independent Diagnostic Testing Facility (IDTF's) such as
the ones described herein can generate annual revenues of
$20 million as we increase our
penetration into each state.
Saeb Jannoun stated, "We are very
pleased to be moving quickly to fully integrate OMI and to grow our
diagnostics revenues. We are fully committed to increase
shareholder value as we grown our Medical Diagnostics group, and by
seeking additional acquisition candidates that will be accretive to
earnings."
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.