PLACERVILLE, CA, Nov. 20, 2017 /PRNewswire/ - iMD Companies, Inc. (ICBU) Board of Directors announced today that the company's subsidiary KRSNA Minerals had record Third Quarter revenues of $5,384,615. The company has had revenues of $15,770,245 through the Third Quarter and gross profits of $8,488,836 for 2017. The company posted net profits of $1,137,431 as well. iMD Companies, Inc., is now fully current with OTC Markets and is focused on becoming a fully reporting company.
KRSNA Minerals has expanded its operations to meet the increasing demand for Magnesia Chrome Powder and Iron Ore. As previously announced the initial purchase order was increased to approximately 70 million dollars. The company is also working on other contracts to fulfill orders as well and expects revenues to be strong for fourth quarter because of increased demand. IMD is also targeting other acquisitions for the company and will announce as completed.
About iMD Companies, Inc.
IMD Companies, Inc., (ICBU) is a Florida corporation, engaged in the manufacturing, extraction and distribution in mining, hydroponics industries and asset accumulations of revenue producing companies. The company is positioned to be a holding company for acquisitions in the medical, mining and hydroponics industries. Acquisitions in those areas are R-Quest Hydroponics from Anything Technologies Media (EXMT). 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 business while strategically seeking to acquire new business and create other business alliances, which generate increased revenues and earnings.
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