PLACERVILLE, CA, Dec. 9, 2014 /PRNewswire/ - iMD Companies, Inc.
(OTC:ICBU) today announced that Integrated Medical Diagnostics will
award all common shareholders of IMD Companies Inc., a one for one
dividend.
The iMD board of directors and Integrated Medical Diagnostics
have approved the final 1:1 distribution ratio of dividend shares,
which will result in the complete legal and structural separation
of the two companies.
All Shareholders of record as of close of trading on
February 28, 2015, will be eligible
to receive a private stock dividend of one share of Integrated
Medical Diagnostics for every share of ICBU common stock that a
shareholder owns. The dividend will be awarded to all shareholders
of record of ICBU stock. The actual distribution of the shares of
Integrated Medical Diagnostics stock to ICBU shareholders will come
approximately 30 days after the shareholder record date. All
information about how to receive your dividend from Olde Monmouth
Stock Transfer agent will be given prior to the shareholder record
date of February 28, 2015 in the form
of a press release or information on our website to
shareholders.
For example if an ICBU shareholder owns 100,000 shares of ICBU
through the shareholder record date of February 28, 2015 then that shareholder will be
eligible to receive 100,000 private shares of Integrated Medical
Diagnostics. If a shareholder of ICBU sells his or her shares
on or before the February 28, 2015
record date then that shareholder will not be eligible to receive
the dividend.
"The benefit of this spin-off is twofold for our shareholders,"
stated Larry Robertson President of
iMD. "The company will eliminate debt from the spin-off which will
make the company more profitable and our shareholders will receive
dividend shares. "
FINRA has been notified and paid regarding the spin-off of
Integrated Medical Diagnostics. IMD is waiting for the final
approval from FINRA regarding the spin-off and
dividend.
About iMD Companies, Inc.
iMD Companies, Inc., (OTC MARKETS: ICBU) is a Florida corporation, engaged in the
manufacturing, marketing, and distribution of equipment for the
hydroponics industry. The company has recently re-positioned to be
a holding company for acquisitions in the Hydroponics industry.
Recent acquisitions in those areas are majority interest in R-Quest
Hydroponics Inc. from Anything Technologies Media (OTC:EXMT) and
Lumz'n Blooms, Ltd., a Manufacturer of Indoor Gardening and
Hydroponics Equipment. The company and principals of the management
team has extensive backgrounds in finance, manufacturing, marketing
and distribution. iMD'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. www.imdcompanies.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.
SOURCE IMD Companies, Inc.