TAMPA, FL , Jan. 9, 2014 /CNW/ - IMD Companies, Inc. (OTC: ICBU) Board of Directors is pleased to announce that the company has formed a partnership with Anything Technologies Media Inc., (OTC:EXMT) by acquiring 51% interest in R-Quest Hydroponics, Inc., developer of the environmental master controller for medical and recreational marijuana hydroponic gardens. The company paid 100 million common restricted shares to Anything Technologies Media Inc., for the acquisition and partnership because of the tremendous potential value of R-Quest Hydroponics Inc. Anything Technologies Media Inc. will continue to manufacture the EMC-5000 system as part of the partnership.
This is the first of many acquisitions and partnerships that the Company plans to make in the fast-growing medical, recreational marijuana sector. IMD is currently in negotiations with several other partnership and acquisition candidates in the supply and service industry for the marijuana sector. The company plans on making several announcements within the next 30 days as agreements are finalized.
R-Quest Hydroponics, Inc. is a hardware and software manufacturing company with its headquarters in Placerville, California . R-Quest Hydroponics, Inc. has developed the new Environmental Master Controller EMC-5000 system, which is able to provide constant management for grow room facilities for indoor gardens. The EMC-5000 was developed so that growers are confident that their crop growing conditions are optimal. The EMC-5000 is able to regulate and control all aspects of an indoor grow system, including light, fans, nutrient pumps, and CO2 level controls to help manage grow rooms and optimize production. To see more information on the EMC-5000 go to www.r-questhydro.com .
IMD Companies President and CEO Bruce Collett stated, "We are very excited about our partnership with ATM and our acquisition of R-Quest Hydroponics, Inc. We feel that together with R-Quest and ATM we can accelerate the growth and market penetration of the EMC-5000 control system for marijuana grow rooms that are in the expanding medical, recreational marijuana industry. The new laws, funding opportunities and expanding marijuana market have us poised for growth in 2014."
ABOUT IMD Companies, Inc.
IMD Companies, Inc., (OTC MARKETS:ICBU) is a Florida corporation, engaged in the medical diagnostics and health and fitness industries. The company is currently positioned to be a holding company for major acquisitions in the medical, and marijuana industry. Its primary products and services lie in the health and fitness and medical diagnostics services markets. The company delivers its medical diagnostic services on-site at participating medical clinics and physician offices and company sponsored health fairs.
ABOUT ANYTHING TECHNOLOGIES MEDIA INC.
Anything Technologies Media Inc., www.anythingtechnologiesmedia.com is a Multi-Media Digital applications, production and marketing Company. ATM will be the parent company of subsidiary Corporations, and is also focused on partnerships and acquisitions in the medical marijuana sector. The company and partners each have their own professional management team with extensive backgrounds in finance, new technologies, manufacturing, marketing and distribution. ATM's goal is to combine the expertise of our team members to create a cohesive force, which will carry the company forward in the marketplace to a preeminent position through revenue sharing and acquisitions.
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," "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.
www.imdcompanies.com
SOURCE Anything Media Inc
Investor Relations:
Frank Giannazzo
407-967-3611
Source: Canada Newswire (January 9, 2014 - 8:16 AM EST)
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