2nd Potential Site Identified as Company Prepares to Receive Anticipated Funding
PLACERVILLE, CA, Oct. 28, 2014 /CNW/ - iMD Companies, Inc. (OTC:ICBU) is pleased to announce that the company has moved into the first of a three-phase process to build a historic grow facility on the Chippewa Indian Reservation in Michigan.
iMD Companies is in the process of hiring approximately 50 engineers, laborers and consultants to work on the construction of this facility as well as on a potential second location. The company will announce plans for a second facility as the necessary funding agreements are signed.
"We have been approached by a number of funding groups," Wilson said. "We hope to have the funding schedule set within the next few weeks. It is exciting to know that we are close to breaking ground on our inaugural facility."
Wilson noted that it is imperative that our increased staffing are brought on board as soon agreements are signed due to the massive amount of pre-building work that needs to be done. "Our goal is to build a first-rate grow facility on schedule that will be the cornerstone for iMD," said Wilson. "We are set to move forward with our aggressive expansion and business plans".
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 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 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.
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 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
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: PACIFIC EQUITY ALLIANCE LLC, Investor Contact: Zachary R. Logan & Drew S. Phillips, Tel. 858.886.7237 / 858.886.7238, Email: [email protected]