TAMPA, Fla., Feb. 8, 2011 /PRNewswire/ — In the Third Quarter
of 2010, The Board of Directors of International Coastal Biofuels
(OTC MARKETS: ICBU) has elected to change the company name to iMD
Companies, Inc. In addition, a new management team will take
control of ICBU with the objective of propelling the company into
the health and wellness arena. The new management has opted
to alter the basic structure of the firm to that of a holding
company. The new structure has the company looking for
promising acquisitions in the healthcare industry and other related
fields. Saeb Jannoun has been elected Chairman of the Board
of Directors as well as Chief Executive Officer. Bruce
Collett has been named Vice President and to the Board of
Directors.
iMD’s management will be led by serial entrepreneurs who intend
to make iMD a serious player in their target areas. Management’s
purpose moving forward is to acquire, develop and group, promising
entities under one roof, providing them with the collective power
afforded by their joint assets and economies of scale. This
strategy will prove to be a profitable and financially sound
platform for iMD’s success.
As a first step, iMD has completed the acquisition of Integrated
Medical Diagnostics, Inc. Integrated has been performing
ultrasound image analysis for over eight years using a proprietary
measurement and reporting system. The company has been producing
solid revenues for several years. Using a skilled team of
technicians, Integrated has developed the PCI Heartscan report.
This proprietary report measures arterial lining thickness as
well as arterial plaque, providing health care practitioners with a
useful tool in the early detection of cardiovascular disease.
As a plus, Integrated has continued to compile a database using
several statistical markers from the over 40,000 studies it has
conducted. This growing database will prove to be of great
valu
‘/>”/>
