TAMPA, Fla., Aug. 4, 2011 /PRNewswire/ — In keeping with the
company’s previously announced plan to expand into the growing
health and nutrition supplements, IMD Companies announces that, in
a part cash part stock related party transaction, it has completed
the acquisition of Botanical Sciences, Inc, a Florida corporation,
to be held as a wholly owned subsidiary. Botanical has been engaged
in the retail sales of health and fitness supplements since 2009.
The company holds over $50,000 of retail inventory on the books as
assets. The marketing plan includes on-line sales services, direct
distribution through participating weight-loss centers and licensed
consignment agreements with local physician offices and
clinics.
The subsidiary’s website is “BotanicalScience.com” and details
the programs available. “This acquisition not only satisfies
another target in our open letter to shareholders, but allows IMD
to commence its own program to tackle the country’s obesity
problem,” stated CEO Saeb Jannoun. “We contemplate that we will be
announcing the first of our physician consignment agreements in the
near future,” he concluded.
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 further plans to expand into the weight-loss
industry.
The company delivers its medical diagnostic services on-site
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.
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