PLACERVILLE, CA, Nov. 12, 2014 /PRNewswire/ - iMD Companies,
Inc. (OTC:ICBU) is pleased to announce that funding needed to
commence the construction of the first grow facility on the
Chippewa Indian Reservation in Michigan has been approved and is expected to
be received in approximately 45 days. In addition, a
Nevada facility has also been
given the go ahead to be constructed with these funds. H & H is
expected to receive 50 million
dollars from borrowed funds against assets owned by the
Tribal Group, which has agreed to fund these projects.
Tribal approval was given to use their assets as collateral to
secure the funding. Ground will be broken on the
inaugural facility when the actual first transfer of money is
received by R-Quest Hydroponics.
H & H Organics Investments and R-Quest Hydroponics have an
exclusive contract to design, construct and equip all grow room
facilities. H & H has an agreement with the Chippewa Indian
reservation to build out the first grow rooms for neutriceutical
products. R-Quest Hydroponics will be the beneficiary of those
agreements and iMD Companies Inc., has been advised by H & H in
regards to the funding and schedule of the build outs for these
grow rooms.
"The Michigan facility project
secures a very important element to our identity as a commercial
grow facility builder and administrator. In addition, the
facility in Nevada (Site to be
determined) will use the exact same plans and requirements as the
Michigan facility," said
Jim Filkins, V.P. of Sales for iMD
Companies. "But the residual effects are far more reaching as we
will use our manufacturing capabilities in the development of
products and components to be utilized in these facilities while
also distributing them to the open market."
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 business and create other business alliances,
which generate increased revenues and earnings.
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
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.
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.