TAMPA, Fla., Aug. 2, 2011 /PRNewswire/ -- IMD Companies Inc.
announces that when it files its Second Quarter Financial Reports
with OTC Markets, LLC, the reports will reflect a 35% increase in
revenues for Integrated Medical Diagnostics (Integrated) and
Optimum Mobile Imaging (OMI) bringing the year to date revenues of
the subsidiaries to $149,839. Both
Integrated and OMI are wholly owned subsidiaries that were
purchased by IMD last year to operate the company's diagnostic
testing business. Testing operations continue to be performed
in several states with OMI mainly concentrated in Arizona, but the companies are working on
expanding testing into new markets in the near future. The
primary service offered by Integrated is the PCI Heartscan®, which
concentrates on the early detection of Cardio Vascular disease and
describes blockage in the carotid arteries, while OMI provides
mobile imaging services in several modalities to the medical
community. The company will file its complete financial reports
this month.
"As promised in our open letter to shareholders, the company
continues to expand operations and achieve revenue growth in its
diagnostic testing arena," stated IMD CEO Saeb Jannoun. "We have been able to create this
growth in testing while remaining focused on expansion into the
disease prevention and weight-loss industries," Jannoun concluded.
Earlier this year IMD announced the acquisition of Positive
Solutions Centers, LLC. as a subsidiary to develop and grow their
juvenile weight-loss business.
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.