PLACERVILLE, CA, April 3, 2018 /CNW/ - iMD Companies, Inc. (ICBU) Board of Directors announced today that the company has acquired SG Minerals Mining Company as a wholly owned subsidiary of iMD. SG Minerals is an audited mining company in India that mines Iron Ore and has several million in revenue per year. SG minerals fit into the business profile for iMD and are a great compliment to other mining projects that the company is involved in. SG Minerals also has the capacity to work on mining projects that iMD is pursuing in Nevada and Arizona and can help with the extraction process of precious minerals. The company will later share with its shareholders all of the projects that SG Minerals is working on. iMD's goal is to acquire multiple mining companies to increase the shareholder value of the company. .iMD believes the value of the company is currently undervalued.
Mr. Arsad Hossain, Director of SG Minerals, Stated, "We are excited that we have been acquired by iMD Companies and look forward to expanding their mining operations both in India and in the United States. We have the expertise and the equipment to meet the goals of the company and we are working on several key new contracts to fulfill over the next 90 days."
About iMD Companies, Inc. www.imdcompaniesinc.com
iMD Companies, Inc., (ICBU) is a Florida corporation, engaged in the manufacturing, extraction and distribution in mining and asset accumulations of revenue producing companies. The company is positioned to be a holding company for acquisitions in the mining industries. 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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