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Lumz'n Blooms, Ltd, an iMD Company Subsidiary, announces a Revolving Credit Facility and gives corporate update
Lumz'n Blooms, Ltd, an iMD Company Subsidiary, announces a Revolving Credit Facility and gives corporate update.
About this update from Anything Technologies Media Inc.
[{"type":"text","content":"\n\n\n\nLumz'n Blooms, Ltd, an iMD Company Subsidiary, announces a Revolving Credit Facility and gives corporate update\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\nLumz'n Blooms, Ltd, an iMD Company Subsidiary, announces a Revolving Credit Facility and gives corporate update\nPR Newswire\nTAMPA, FL, June 25, 2014\n\n\n\nTAMPA, FL, June 25, 2014 /PRNewswire/ - Lumz'n Blooms, Ltd, a subsidiary of iMD Companies, Inc. (OTC: ICBU) has announced they have received a revolving line of credit from a significant shareholder. The senior credit facility consists of a revolving line collateralized by accounts receivable and inventory.\n\n\"This line will assist Lumz'n Blooms in satisfying its growing orders and will assist our company get to the next level. We have seen an increasing demand for our LED and digital technology products, with hundreds of units that are being shipped to waiting customers.\" remarked Brian Tucker, President of Lumz'n Blooms. \"Orders for the company's products can now be expedited to Lumz's customers. As a result of new distribution centers and favorable terms of the credit line, profits on these orders will improve significantly.\"  Along with other funding recently received from the parent company, iMD, Lumz existing orders are being fulfilled, and orders from new customers are in process.\" We look forward to being able to enhance our relationships with current customers as well as capture future opportunities to achieve our growth plans.\"\n\nOur management team is committed to building a long term successful Company. We are executing both our tactical and strategic plan as quickly and efficiently as possible.   Our audit is ongoing and is expecting to be completed over the summer.  As we have previously stated, we are committed to being fully transparent.  We expect to be filing a Form 10 after the audit is complete.  In addition, we are in advanced discussions with additional acquisitions and business alliances.  We will report updates accordingly.\n\nAbout Lumz'n Blooms, Ltd.\n\nLumz'n Blooms, Ltd. a Man...