TAMPA, Fla., Aug. 2, 2012 /PRNewswire/ -- By action of its Board of Directors, Positive Solutions Clinics, Inc., the subsidiary encompassing the adult & pediatric weight loss and wellness centers as well as the supplement divisions of iMD, issued 30 million shares of common stock to iMD Companies, Inc. (ICBU). As part of the company's continued reorganization strategy begun earlier this year, Positive Solutions issued the shares to iMD Companies (ICBU), making it the sole shareholder. iMD now owns 30 million shares of the 50 million shares of common stock authorized by the Board of Positive Solutions.
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 has also expanded 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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