IMD Companies, Inc. (ICBU) Announces Procedure for Issuance of
Positive Solutions Stock
TAMPA, Fla., Feb. 7, 2013 /PRNewswire/ -- IMD Companies,
Inc. (ICBU) announces that it has published the procedure for the
issuance of Positive Solutions Inc. on the company's
websites. All shareholders of record of ICBU stock on
August 17, 2012, will receive one
share of Positive stock for every two shares of ICBU stock
held.
The shares of Positive Solutions, a privately held Florida corporation, were issued to ICBU in
exchange for the spin-off of the subsidiary last June. ICBU's Board
of Directors approved a resolution to issue the shares on a one for
two basis. Positive Solutions has been engaged in negotiations for
potential acquisitions with various medical and non-medical
companies as a platform to expand its activities in the industry,
and is hopeful that a completed merger can be announced currently.
"We are hopeful that these shares will represent a valuable asset
not only for ICBU going forward, but for our shareholders that
received the issuance as well," stated ICBU CEO Bruce Collette.
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.
www.imdcompanies.com
SOURCE IMD Companies, Inc.
