PLACERVILLE, CA, May 10, 2017 /PRNewswire/ - iMD Companies,
Inc. (OTC: ICBU) Board of Directors announced today that the company has received an offer from a public company to buyout iMD
Meds and all other Hydroponics, CBD products including their Hemp Energy Protein Bars. The company is currently negotiating the
terms of the agreement and plans to announce the finalization of the deal. The company is looking to streamline its efforts and
focus solely on being a mining company. The company feels more comfortable in registering with the SEC as a Mining company
and feels the registration will be clearer for auditors and regulators.
The company completed its acquisition of Krishna Minerals back in October 2016. Krishna Minerals
is a producing mine in India with over 600 acres of mining claims, which are producing manganese
and Iron ore metals. Krishna Minerals has major contracts with the Chinese government to supply manganese and Iron ore to
China. Krishna Minerals has received several new contracts and recently received a 66-million-dollar contract for 100,000 Metric Tons of Magnesia Chrome Powder. Because of this increased demand
in mining contracts, the company feels it should focus all its efforts into mining. The company is also planning a name change to
better reflect a mining company.
Richard Wilson CEO of ICBU stated, "We are excited about this buyout offer to acquire all of our Hydroponics and CBD related
products including our Hemp protein bars. We feel this offer will bring substantial assets into the company. When the buyout is
completed it will give IMD Companies Inc., the opportunity to focus all its efforts on mining."
About iMD Companies, Inc.
To purchase iMD health products please visit: www.nutraprobar.com & www.imdmeds.com
IMD Companies, Inc., www.imdcompaniesinc.com
(ICBU) is a Florida corporation, engaged in the manufacturing, extraction and distribution in
mining, hydroponics, Hemp and CBD Health products industries and asset accumulations of revenue producing companies. The company
is positioned to be a holding company for acquisitions in the medical, mining and hydroponics industries. Acquisitions in those
areas are R-Quest Hydroponics from Anything Technologies Media (OTC: EXMT). The company and the principals of the management team
have extensive backgrounds in finance, 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.
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," "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.
SOURCE iMD Companies, Inc.