TAMPA, Fla., Aug. 2, 2012 /PRNewswire/ -- By action of its Board of Directors, Positive Solutions Clinics, Inc., the subsidiary encompassing the adult & pediatric weight loss and wellness centers as well as the supplement divisions of iMD, issued 30 million shares of common stock to iMD Companies, Inc. (ICBU). As part of the company's continued reorganization strategy begun earlier this year, Positive Solutions issued the shares to iMD Companies (ICBU), making it the sole shareholder. iMD now owns 30 million shares of the 50 million shares of common stock authorized by the Board of Positive Solutions.
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.
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SOURCE iMD Companies Inc.