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iMD Companies, Inc. (ICBU) Subsidiary KRSNA Minerals Posts Record Numbers for Fourth Quarter. Revenues of $8,153,863 and Net Profits of $536,555 for the Quarter
iMD Companies, Inc. (ICBU) Subsidiary KRSNA Minerals Posts Record Numbers for Fourth Quarter. Revenues of $8,153,863 and Net Profits of $536,555 for the Quarter.
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[{"type":"text","content":"\n\n\n\niMD Companies, Inc. (ICBU) Subsidiary KRSNA Minerals Posts Record Numbers for Fourth Quarter. Revenues of $8,153,863 and Net Profits of $536,555 for the Quarter\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\niMD Companies, Inc. (ICBU) Subsidiary KRSNA Minerals Posts Record Numbers for Fourth Quarter. Revenues of $8,153,863 and Net Profits of $536,555 for the Quarter\nPR Newswire\nPLACERVILLE, CA, March 8, 2017\n\n\n\nPLACERVILLE, CA, March 8, 2017 /PRNewswire/ - iMD Companies, Inc. (OTC: ICBU) Board of Directors announced today that the companies subsidiary KRSNA Minerals reported revenues of $8,153,863 and net profits of $536,555 for the fourth quarter 2016. The company announced in January that KRSNA was expanding its work on its claims to meet demands for contracts with China for Manganese and Iron Ore. The results of this increase in demand are record revenues and profits for the company. \n\nThe company completed its acquisition of KRSNA Minerals back in October 2016. KRSNA Minerals is a producing mine in India with over 600 acres of mining claims, which are producing manganese and Iron ore metals. KRSNA Minerals has major contracts with the Chinese government to supply manganese and Iron ore to China. \n\nRichard Wilson CEO of ICBU stated, \"We acquired KRSNA Minerals to bring in assets, revenues and profits to the company to increase shareholder value which we now have done. Our goal is to meet all the requirements to become a Nasdaq small cap company and with these fourth quarter revenues and profits we are well on our way.\"  \n\nAbout iMD Companies, Inc.  www.imdcompaniesinc.com\n\nIMD 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 t...