TAMPA, Fla., Aug. 2, 2012 /PRNewswire/ -- By action of its
Board of Directors, Positive Solutions Clinics, Inc., the
subsidiary encompassing the adult & pediatric weight loss and
wellness centers as well as the supplement divisions of iMD, issued
30 million shares of common stock to iMD Companies, Inc.
(ICBU). As part of the company's continued reorganization
strategy begun earlier this year, Positive Solutions issued the
shares to iMD Companies (ICBU), making it the sole
shareholder. iMD now owns 30 million shares of the 50 million
shares of common stock authorized by the Board of Positive
Solutions.
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 has also expanded
into the weight-loss industry. The company delivers its medical
diagnostic services on-site at 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.
SOURCE iMD Companies Inc.