TAMPA, FL, Dec. 19, 2013 /PRNewswire/ - IMD Companies, Inc.
(OTC: ICBU) Board of Directors is pleased to
announce plans to position the Company as a player in the
fast-growing Medical Marijuana sector. IMD has been in negotiations
with several potential acquisition candidates in this industry for
several months.
IMD Companies President and CEO Bruce
Collett stated, "We see a potential for accelerated growth
in the expanding medical marijuana industry. Our Board of
Directors has taken a broader view of trends in the health and
wellness sector and, as a result, we have developed a strategic
plan we believe will positively impact our business and our
shareholders. The Company looks to make major announcements in the
near term once these acquisitions have been finalized."
Cannabis has proven effective in treating various neurological
diseases such as MS, ALS, Parkinson's, hypertension, and different
forms of cancer in various third party laboratory studies.
The medical marijuana industry was valued at $1.3 billion in 2011. Recent industry market
projections have escalated to nearly $9
billion by 2016 as more states consider legalizing marijuana
for medicinal purposes, or decriminalizing the use
altogether.
ABOUT IMD Companies, Inc.
IMD Companies, Inc., (OTC MARKETS:ICBU) is a Florida corporation, engaged in the medical
diagnostics and health and fitness industries. The company is
currently positioned to be a holding company for major acquisitions
in the medical industry. 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