IMD Companies, Inc. (ICBU) announces improved financials in Q3
TAMPA, Fla., Feb. 6, 2013 /PRNewswire/ -- IMD Companies
Inc. (ICBU) has announced that it has greatly reduced operating
expenses and is streamlining operations to cut waste. As reflected
in the latest third quarter filings, IMD has indicated that ongoing
operating expenses have been cut by a substantial amount. This move
will serve to bring the company closer to a profitable situation
sooner than expected.
CEO Bruce Collett stated that
"going forward we expect to make every dollar count and our goal is
to be profitable as soon as possible."
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.
SOURCE IMD Companies Inc.
