TAMPA, FL, April 14, 2014 /CNW/ - iMD Companies, Inc. (OTC:ICBU) Board of Directors are pleased to announce that it will begin filing "material events'" and insider buys or sales (Form 4's) with the SEC immediately. Larry Robertson, CEO of iMD Companies, Inc. stated, "We previously announced that we had retained KBL, LLP, a CPA firm that is registered with the Public Company Accounting Oversight Board. We expect the audit to begin this Wednesday, April 16, 2014. In order to improve transparency to the Investment Community and our shareholders, we believe we should begin filing material events immediately with the SEC In addition, we expect to announce the financial results for Lumz'n Blooms regarding Fiscal 2013 and the first quarter of 2014.
iMD Companies, Inc. will continue to grow its core business while seeking growth opportunities via acquisition or other business alliances. As previously announced, iMD Companies completed an agreement with Tranzbyte Corporation (OTC:ERBB) to co-market iMD Companies grow-oriented products, specifically the EMC-5000 Environmental Master Controller, which is able to provide constant management for grow room facilities for indoor gardens. iMD will market Tranzbyte's Jurassic Oxygenation System to augment the previously announced efforts between Transbyte and Biocube Green Grow Systems sales efforts in the US. We expect alliances like these and the acquisition of strategic businesses such as Lumz'n Blooms to sustain our core business and fuel our growth going forward.
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 medical and marijuana 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 Hydroponic 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, growing materials are considered the "Pickaxe and Shovel" of the "Green Rush". Over the past 7 plus years Lumz'n Blooms has developed strong distribution channels and today counts Central Garden and Pet, HomeDepot.com, Amazon Prime, Bi-Mart, Orchard Supply as well as hundreds of independent Nursery, Hardware and Hydroponic 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.
SOURCE: IMD Companies, Inc.
For further information: Investor Relations: Pacific Equity Alliance LLC, Zachary Logan, www.pacificequityusa.com