TAMPA, FL, April 24, 2014 /CNW/ - 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.
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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.
For further information: Investor Relations: PACIFIC EQUITY ALLIANCE LLC, Zachary Logan, www.pacificequityusa.com