TAMPA, Fla., Aug. 4, 2011 /PRNewswire/ -- In keeping with the
company's previously announced plan to expand into the growing
health and nutrition supplements, IMD Companies announces that, in
a part cash part stock related party transaction, it has completed
the acquisition of Botanical Sciences, Inc, a Florida corporation, to be held as a wholly
owned subsidiary. Botanical has been engaged in the retail sales of
health and fitness supplements since 2009. The company holds over
$50,000 of retail inventory on the
books as assets. The marketing plan includes on-line sales
services, direct distribution through participating weight-loss
centers and licensed consignment agreements with local physician
offices and clinics.
The subsidiary's website is "BotanicalScience.com" and details
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 country's obesity
problem," stated CEO Saeb Jannoun.
"We contemplate that we will be announcing the first of our
physician consignment agreements in the near future," he
concluded.
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.