TAMPA, FL, April 24, 2014 /PRNewswire/ - iMD Companies, Inc.
(OTC:ICBU) The Company announced that it has successfully
structured expanded sales programs, through the remainder of 2014,
with the garden industry distribution giant, Central Garden and
Pet. Lumz-N-Blooms, a subsidiary of iMD, has distributed its line
of hydroponics and indoor gardening products through Central Garden
for several years. This relationship will now expand to include the
R-Quest Hydroponics line of products, another iMD subsidiary,
including R-Quest's technology based environmental controller, the
EMC-5000. iMD is filling current orders totaling more than
$100,000.00 from the Portland based distributor.
Central Garden and Pet is a publicly traded company enjoying
approximately 1.7 billion dollars in
annual revenue. With 11 distribution facilities located across the
US and over 60 sales representatives, Central Garden caters to more
than 3000 Garden Centers and Independent Hardware Retailers.
Central Garden's new focus lies in the fast growing hydroponics
market, both in its core mainstream retailers and the penetration
of the 1600+ Hydroponics Stores across the country.
In addition, iMD has announced orders totaling more than
$200,000.00 have been received from
various other distribution partners, including it's lighting
centric distributor, Light Source Distribution.
Light Source Distribution, located in Denver, Colorado, is a commercial and
industrial wholesale lighting distribution company, providing a
large selection of LED, fluorescent, H.I.D., halogen and
incandescent lamps, as well as a large selection of ballasts and
fixtures. Light Source Distribution has over twenty years of
commercial and industrial lighting experience.
Jim Filkins, iMD's VP of Sales,
commented: "We use the term 'Partnership' very seriously. The
acquisition of Lumz'n Blooms has created an immense opportunity to
utilize the largest hydroponics distribution channel championed to
date. We are striving for a true partnership with our channel
partners, which mean developing personal relationships with all of
their respective Sales offices and Reps nationwide. We have issued
a directive, with a travel initiative, for our sales team to visit
all of our wholesale distributor's regional sales offices over the
next few months. This is an exciting time at iMD."
"IMD's support allows Lumz to accommodate the terms needed
to ship its almost $300,000.00 in
current orders." stated Lumz-N-Blooms President and CEO,
Brian Tucker. "This is critical as
we have seen strong sell through at retail and can now better
ensure our distributors will have the product on hand when the
retailers place replenishment orders with our distributors. This,
along with the consolidation between R-Quest and Lumz, of both
facilities and resources, has strengthened our Distribution
Partnerships and will allow us, as a team, to grab market share in
the current $1.5 billion dollar
hydroponic retail market, the current exploding online market, and
the emerging mass merchant channel. With the knowledge Lumz
has gained in hydroponic and indoor gardening manufacturing from 8
years in the industry, and with the resources IMD/R-Quest brings,
we see enormous potential soon to be realized."
About iMD Companies, Inc.
iMD Companies, Inc., (OTC
MARKETS: ICBU) is a Florida
corporation, engaged in the medical diagnostics and health
industries. The company has recently re-positioned to be a
holding company for acquisitions in the Hydroponics industry.
Recent acquisitions in those areas are R-Quest Hydroponics Inc from
Anything Technologies Media (OTC:EXMT). Greenlinks Inc. and Lumz'n
Blooms, Ltd., a Manufacturer of Indoor Gardening and Hydroponics
Equipment. The company and the principals of the management team
have extensive backgrounds in finance, new technologies,
manufacturing, marketing and distribution. ICBU's goal
is to create and increase shareholder value by tactically growing
our core Hydroponics business while strategically seeking to
acquire new businesses and create other business alliances, which
generate increased revenues and earnings.
About Lumz'n Blooms, Ltd.
Lumz'n Blooms, LTD.'s main
products allow consumers to "Bring the Sun Indoors".
Lighting, ballasts, and growing materials are considered the
"Pickaxe and Shovel" of the "Green Rush". Lumz'n
Blooms, established in 2006, has developed strong distribution
channels and today counts Central Garden and Pet, as well as
hundreds of independent Nursery, Hardware and Hydroponics
Retailers, among its customers. These established
distribution channels, combined with their extensive product line
and industry knowledge, makes Lumz'n Blooms a foundational
acquisition for building future growth. For more information go to
www.Lumz-n-Blooms.com , www.TuckersPride.com and
www.InHomeGardening.com
About R-Quest Hydroponics, Inc.
R-Quest Hydroponics,
Inc., is a Hardware and Software Manufacturing Company with its
headquarters in Placerville,
California. R-Quest Hydroponics, Inc. has developed the new
Environmental Master Controller EMC-5000 system, which is able to
provide constant management for grow room facilities for indoor
gardens. The EMC-5000 was developed so that growers can rest easy
with the confidence that their crop is in excellent hands. The
EMC-5000 is able to regulate and control all aspects of an indoor
grow system, including Light cycles to optimize growth, Fans,
Nutrient pumps, and CO2 level controls to help manage grow rooms.
To see more information on the EMC-5000 go to
www.r-questhydro.com.
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.