Navigation Links
IMD Companies Announces Acquisition of Nutraceutical Company
Date:8/4/2011

TAMPA, Fla., Aug. 4, 2011 /PRNewswire/ -- In keeping with the company's previously announced plan to expand into the growing health and nutrition supplements, IMD Companies announces that, in a part cash part stock related party transaction, it has completed the acquisition of Botanical Sciences, Inc, a Florida corporation, to be held as a wholly owned subsidiary. Botanical has been engaged in the retail sales of health and fitness supplements since 2009. The company holds over $50,000 of retail inventory on the books as assets. The marketing plan includes on-line sales services, direct distribution through participating weight-loss centers and licensed consignment agreements with local physician offices and clinics.

The subsidiary's website is "BotanicalScience.com" and details the programs available. "This acquisition not only satisfies another target in our open letter to shareholders, but allows IMD to commence its own program to tackle the country's obesity problem," stated CEO Saeb Jannoun. "We contemplate that we will be announcing the first of our physician consignment agreements in the near future," he concluded.

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 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.

www.imdcompanies.com


'/>"/>
SOURCE IMD Companies, Inc.
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. Pharmaceutical Companies Lead Fight Against Staph and Other Infectious Diseases
2. UM Maryland Industrial Partnerships Program Approves 18 Collaborative Research Projects, Worth $4.4 Million, Between University Faculty, State Technology Companies
3. Transgenomic Announces New Contracts for Phase II Trials With Two Major Pharmaceutical Companies
4. Magellan Biosciences Companies to Feature Automated Products and New Tests for MRSA at the American Society for Microbiology Meeting, Booth 743
5. R&D Spending by U.S. Biopharmaceutical Companies Reaches Record Levels in 2008 Despite Economic Challenges
6. BIOCOMs 4th Annual DeviceFest Honors Companies
7. invivodata Recognized as One of Pittsburghs Fastest Growing Private Companies
8. Announcing Companies to Present at the 7th Annual MidAmerica Healthcare Venture Forum
9. Facilitation Payments Seen as Problematic by Many Companies
10. BD Ranked in the Top 100 Greenest Big Companies by Newsweek; Named Again to Dow Jones Sustainability World and North America Indexes
11. The Governator and the Disintegrator: A Sharp Match Holding Pharmaceutical Companies Accountable
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/24/2016)... , May 24, 2016 ... Education in Clinical Neurophysiology  Elsevier , ... products and services, today announced the launch of ... open access journal that focuses on clinical practice issues ... case reports, clinical series, normal values and didactic reviews. ...
(Date:5/23/2016)... According to a new ... Product (Wheelchair, Scooters, Medical Beds, Bathroom Safety, Mechanical, ... Wound), Accessories (Lifting, Transfer) & by End User ... MarketsandMarkets, the patient handling equipment market is expected ... a CAGR of 10.5% during the forecast period ...
(Date:5/23/2016)... York , May 23, 2016 ... report titled, " Exocrine Pancreatic Insufficiency Market - Global ... - 2023 ." According to the report, the exocrine ... CAGR of 8.3% from 2015 to 2023 to reach ... (EPI) is a condition characterized by the deficiency of ...
Breaking Medicine Technology:
(Date:5/26/2016)... Las Vegas, NV (PRWEB) , ... May 26, 2016 , ... ... of Ergonomic Tools,” identifies the impact of mobile devices on the billions of users, ... upper backs and necks. While not life threatening, the frequent and common action ...
(Date:5/26/2016)... , ... May 26, 2016 , ... In Madeira Beach ... mainland by a single drawbridge, citizens formed an organization, Madeira Beach United, to oppose ... and change the small town center to a high rise urban environment. , According ...
(Date:5/26/2016)... ... 26, 2016 , ... HealthPostures, ergonomics designer and maker of the bestselling TaskMate ... women during pregnancy. Potential benefits of using the Stance Angle chair include the prevention ... levels of sitting and standing. , Need for the ergonomics furniture may be growing, ...
(Date:5/25/2016)... (PRWEB) , ... May 25, ... ... received the American Heart Association/American Stroke Association's Get With The Guidelines®-Stroke Gold ... , This achievement, a second for Memorial Healthcare System, recognizes its commitment ...
(Date:5/25/2016)... ... May 25, 2016 , ... Serenity ... produced another video highlighting one of the many supplemental program options offered at ... Taylor, a 5 th Degree Black Belt in the Shorin-ryu style of Karate ...
Breaking Medicine News(10 mins):