Business
iMD Refocuses Business in Hydroponics Market and Decides to Spin Off Integrated Medical Diagnostics and Optimal Mobil Imaging Companies
iMD Refocuses Business in Hydroponics Market and Decides to Spin Off Integrated Medical Diagnostics and Optimal Mobil Imaging Companies.
About this update from Imd Companies, Inc.
[{"type":"text","content":"\n\n\n\niMD Refocuses Business in Hydroponics Market and Decides to Spin Off Integrated Medical Diagnostics and Optimal Mobil Imaging Companies\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 Refocuses Business in Hydroponics Market and Decides to Spin Off Integrated Medical Diagnostics and Optimal Mobil Imaging Companies\nPR Newswire\nPLACERVILLE, CA, Dec. 4, 2014\n\n\n\nDividend in Integrated Medical Diagnostics to be awarded to Shareholders\n\nTactical move reduces debt and allows iMD to adapt quickly to market dynamics \n\n\n\nPLACERVILLE, CA, Dec. 4, 2014 /CNW/ - iMD Companies, Inc. (OTC:ICBU) announced, today that the company will spin off its wholly owned subsidiaries Integrated Medical Diagnostics and Optimal Mobile Imaging. By doing this the company will have the flexibility and resources it needs to compete more effectively in the hydroponics market.\n\n\"Because of the upcoming contracts from H&H Organics and other business partners our board of directors felt that it was in the best interest of both companies to spin off Integrated Medical Diagnostics and Optimal Mobil Imaging to private companies,\" said Larry Robertson, President of iMD Companies, Inc. \"We have reached an agreement with the management of Integrated Medical Diagnostics and Optimal Mobil Imaging for the Company to spin out its assets and liabilities from iMD which will greatly improve the balance sheet for iMD. They will focus on mainstream medical markets with its imaging business and also on government contract opportunities.\"\n\nThe spin-off will be beneficial for shareholders, as they will receive shares in Integrated Medical Diagnostics in a ratio that is expected to be announced next week. Additionally, upon completion of the iMD audit, Integrated Medical Diagnostics will be fully audited which will provide their management the ability to take the company public in the future.\n\n\"This strategic step allows us to move forward with less debt on our balance sheet and the ability to begin focusing on our core business plan,\" Robertson said. \"The spin-off was necessary for the ...