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iMD Companies, Inc. (ICBU) Subsidiary KRSNA Minerals Posts Strong Numbers for First Quarter 2017. Revenues of $5,923,093 with Gross Profits of $2,461,617 for the Quarter
iMD Companies, Inc. (ICBU) Subsidiary KRSNA Minerals Posts Strong Numbers for First Quarter 2017. Revenues of $5,923,093 with Gross Profits of $2,461,617 for the Quarter.
About this update from Imd Companies, Inc.
[{"type":"text","content":"\n\n\n\niMD Companies, Inc. (ICBU) Subsidiary KRSNA Minerals Posts Strong Numbers for First Quarter 2017. Revenues of $5,923,093 with Gross Profits of $2,461,617 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 Strong Numbers for First Quarter 2017. Revenues of $5,923,093 with Gross Profits of $2,461,617 for the Quarter\nPR Newswire\nPLACERVILLE, CA, May 23, 2017\n\n\n\nPLACERVILLE, CA, May 23, 2017 /PRNewswire/ - iMD Companies, Inc. (OTC: ICBU) Board of Directors announced today that the company's subsidiary KRSNA Minerals reported revenues of $5,923,093 with gross profits of $2,461,617 for the first quarter 2017. These numbers do not include revenues from the 66 million dollar contract with China for Chrome Powder as contract was signed during first quarter. The company continues to expand its work on its claims to meet demands for new contracts. The company is also finishing up negotiation on acquiring a second mine to meet demands for minerals. \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 are pleased with solid revenues and profits for the first quarter and expect much higher going forward with new contracts. We also feel our shareholder value is undervalued and expect it to better reflect our valuation once audited financials are completed as we expect a positive earnings per share and book value per GAAP financials numbers.\n\nAbout iMD Companies, Inc.  www.imdcompaniesinc.com\n\nTo purchase iMD health products please visit: www.nutraprobar.com & www.imdmeds.com\n\nIMD Companies, Inc., (ICBU) is a Florida corporation, engaged in the manufacturing, extraction and distribution in mining, hydroponics...