TAMPA, Fla., Aug. 7, 2012 /PRNewswire/ -- iMD
Companies, Inc. (ICBU) announces that Positive Solutions, Inc. will
start to operate independently of iMD Companies effective 3rd
Quarter 2012. Positive Solutions' main focus continues to be the
adult and pediatric weight loss and wellness industries, along with
its existing portfolio of associated programs, technologies, and
products. "The company has been steadily growing its licensee base,
which is producing increasing revenue month over month. We
anticipate adding a substantial number of clinics to our program by
year end," said Positive Solutions' newly appointed CEO
Saeb Jannoun. He noted that the
implementation of a franchise program that will replace the
licensee system currently in place should be complete by the
beginning of the fourth quarter. "Converting to a franchise system
will enable us to grow revenues substantially while allowing us to
develop national and international brand name recognition."
iMD Companies Inc. (ICBU) also announces that it will extend the
shareholder of record period regarding participation in the
pro-rata distribution of stock the company received from Positive
Solutions, Inc. "Numerous investors voiced
concern over the fact that it normally takes three days for
settlement of trades in brokerage accounts. It was always our
intent to offer at least five days," stated ICBU CEO Bruce Collett. "Therefore, we will extend the
deadline for shareholders of record for participation in the
distribution to next Friday, August
17, 2012."
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.
www.imdcompanies.com
SOURCE iMD Companies, Inc.