iMD Companies, Inc., Receives Third Quarter Financials from KRSNA Minerals and Plan to update Financial Statements with OTC Markets this week

PLACERVILLE, CA, Oct. 30, 2017 /CNW/ - iMD Companies, Inc. (OTC: ICBU) Board of Directors announced today that the company's subsidiary KRSNA Minerals has finished its third quarter financial statements from India. The company expects to file its financials with OTC Markets this week.

KRSNA Minerals received additional purchase orders from the Hong Kong based company for 5,000 Metric Tons of Magnesia Chrome Powder and 40,000 Metric Tons of Iron Ore increasing the purchase order to approximately 70 million dollars. Due to the additional orders, the contract had to be extended to two years for delivery. The first 10,000 metric tons of Chrome Powder from the original order has been mined and was shipped to the Hong Kong based company for the third quarter. 

About iMD Companies, Inc.

IMD Companies, Inc. (ICBU) is a Florida Corporation, engaged in the manufacturing, extraction and distribution in mining, hydroponics 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.

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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.