News just out moments ago on ICBU!
IMD Companies, Inc. (ICBU) announces that it has published the procedure for the issuance of Positive Solutions Inc. on the company's websites. All shareholders of record of ICBU stock on August 17, 2012 , will receive one share of Positive stock for every two shares of ICBU stock held.
The shares of Positive Solutions, a privately held Florida corporation, were issued to ICBU in exchange for the spin-off of the subsidiary last June. ICBU's Board of Directors approved a resolution to issue the shares on a one for two basis. Positive Solutions has been engaged in negotiations for potential acquisitions with various medical and non-medical companies as a platform to expand its activities in the industry, and is hopeful that a completed merger can be announced currently. "We are hopeful that these shares will represent a valuable asset not only for ICBU going forward, but for our shareholders that received the issuance as well," stated ICBU CEO Bruce Collette .
ABOUT IMD Companies, Inc.
IMD Companies, Inc., (OTC MARKETS:ICBU) is a Florida corporation, engaged in the medical diagnostics and health and fitness industries. Its primary products and services lie in the health and fitness nutraceutical and medical diagnostics services markets. The company has also expanded into the weight-loss industry. The company delivers its medical diagnostic services on-site at participating medical clinics and physician offices. The nutraceutical supplements, pills, bar and gels will be marketed and distributed through participating clinics and on-line web marketing retail methods. The company will continue to develop its innovative marketing strategies, including the use of social networking vehicles.
