U.S. Markets closed

iMD Companies, Inc. (ICBU) in Negotiation to Acquire SG Minerals Mining Company in India

PLACERVILLE, CA, Feb. 28, 2018 /PRNewswire/ - iMD Companies, Inc. (ICBU) Board of Directors announced today that the company is in negotiation to acquire SG Minerals Mining Company as a wholly owned subsidiary of the company. SG Minerals is an audited mining company in India, which mines iron ore.  SG Minerals fits into the business profile for iMD and is a great complement to other mining projects that the company is involved in.

Mr. Arsad Hossain, Director of SG Minerals, stated, "we are excited to work with iMD Companies in order to expand their mining operations.  iMD Companies, Inc. has appointed a due-diligence team in India to start the due-diligence process immediately. Once the due-diligence process is complete the board of directors of iMD companies, Inc. will review the report and enter in to a definitive agreement. When the definitive agreement is completed the company will announce its completion immediately."

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 core business while strategically seeking to acquire new business alliances, which generate increased revenues and earnings.

Safe Harbor Statement:

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," "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.