IMD COMPANIES, INC. LAS VEGAS, NV, March 03, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – iMD Companies, Inc. (OTC: ICBU) Board of Directors announced today that the company’s Board of Directors has approved the retirement of 500 million common shares and will retire the shares to the treasury. This will reduce the amount of the outstanding shares by 500 million. The board made this decision to accommodate for new acquisitions that are expected to be finalized into the company. The company is working diligently on completing all the financial statements and disclosures and will be uploading them to OTC Markets to become current. New acquisitions are expected to be announced after filings.
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iMD Companies, Inc. (ICBU) is a Florida corporation, engaged in the acquisition and accumulation of revenue producing companies. The company is positioned to be a holding company for acquisitions in the technical and financial markets. The company and the principals of the management team have extensive backgrounds in finance, manufacturing, marketing and distribution. ICBU's goal is to create and increase shareholder value by tactically growing our business while strategically seeking to acquire new business and create other business alliances, which generate increased revenues and earnings
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Certain statements made in this press release constitute forward-looking statements that are based on management's expectations, estimates, projections and assumptions. Words such as "expects," "anticipates," "plans," "believes," "scheduled," "estimates" and variations of these words and similar expressions are intended to identify forward-looking statements. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors. All forward-looking statements speak only as of the date of this press release and the company does not undertake any obligation to update or publicly release any revisions to forward-looking statements to reflect events, circumstances or changes in expectations after the date of this press release.
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