TAMPA, Fla., Sept. 13, 2011 /PRNewswire/ -- IMD Companies, Inc., (OTC Markets symbol ICBU), announces the acquisition of the trademark Kidshape®. The company acquired the brand from Healthy America Inc., (HAI), a Delaware corporation. The transaction was finalized effective April 25, 2011 following a vote of the shareholders of HAI. The deal included IMD restricted stock. The company also assumed the liabilities of HAI in the transaction.
As a result of the transaction, IMD has initiated the transfer of the mark as well as copyrighted materials belonging to the Kidshape program to IMD, with the United States Patent Office. The Kidshape program is a comprehensive juvenile weight-loss system that has a history of success in the battle to combat childhood and teen obesity. The Kidshape curriculum has been in use for over five years and is well recognized in the pediatric obesity treatment circles. IMD plans to use the material in conjunction with those produced by its subsidiary, Positive Solutions Centers, to provide a turnkey licensee program for centers and practitioners focused on treating the current pediatric obesity epidemic. It is IMD's intention to also approach state and local governments with the intention of implementing the curriculum in the school system.
"Given the current emphasis on combating the obesity epidemic effecting today's youth, IMD plans to achieve great market penetration using the programs it now owns, in conjunction with the previously released P.L.A.Y. program. These developments evidence the company's continued success in implementing its goals outlined in our open letter to our shareholders," Stated IMD President and CEO Saeb Jannoun.
ABOUT IMD COMPANIES, INC.
IMD Companies, Inc., (OTC MARKETS: ICBU) is a Florida corporation, engaged in the medical diagnostics and health and fitness industries. Its primary products and services lie in the health and fitness nutraceutical and medical diagnostics services markets. The company further plans to expand into the weight-loss industry.
The company delivers its medical diagnostic services on-site at participating medical clinics and physician offices. The nutraceutical supplements, pills, bar and gels will be marketed and distributed through participating clinics and on-line web marketing retail methods. The company will continue to develop its innovative marketing strategies, including the use of social networking vehicles.
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.|
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