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iMD Companies, Inc., Subsidiary KRSNA Minerals Receives 60 Million Dollar Purchase Order For 100,000 Metric Tons of Magnesia Chrome Powder from Hong Kong Company
iMD Companies, Inc., Subsidiary KRSNA Minerals Receives 60 Million Dollar Purchase Order For 100,000 Metric Tons of Magnesia Chrome Powder from Hong Kong Company.
About this update from Imd Companies, Inc.
[{"type":"text","content":"\n\n\n\niMD Companies, Inc., Subsidiary KRSNA Minerals Receives 60 Million Dollar Purchase Order For 100,000 Metric Tons of Magnesia Chrome Powder from Hong Kong Company\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., Subsidiary KRSNA Minerals Receives 60 Million Dollar Purchase Order For 100,000 Metric Tons of Magnesia Chrome Powder from Hong Kong Company\nPR Newswire\nPLACERVILLE, CA, March 16, 2017\n\n\n\nPLACERVILLE, CA, March 16, 2017 /PRNewswire/ - iMD Companies, Inc. (OTC: ICBU) Board of Directors announced today that the company's subsidiary KRSNA Minerals received a purchase order from Hong Kong based company for 100,000 Metric Tons of Magnesia Chrome Powder. The purchase order for 100,000 Metric Tons of Chrome Powder is valued over 60 million dollars and is to be delivered within six months to Hong Kong company.  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 is that the company recorded record revenues of over 8.1 million and Profits over $500,000 for the fourth quarter of 2016. \n\nBecause of this contract and others KRSNA Minerals revenues and profits are trending much higher for the first half of 2017 compared to 2016. KRSNA Minerals is a producing mine in BHUBANESWAR, ORISSA INDIA with over 600 acres of mining claims which are producing manganese and Iron ore metals.\n\nRichard Wilson CEO of ICBU stated, \"This contract is exactly what KRSNA Minerals has been seeking to increase its revenues and profits for years to come. The expansion of mining on multiple claims is necessary for the demand for Manganese and Iron Ore. We are now turning all our attention to complete our audit of the company to become fully reporting. We are extremely pleased that KRSNA has signed this contract and as they sign more we will announce them to the public.\"\n\nTo Order iMD Companies, Inc. CBD ad Hemp health bars and products please go to: www.imdmeds.com and www.nutraprobar.com\n\nAbout iMD Companies, Inc....