IMD Companies, Inc., completes first Medical Marijuana Sector Partnership by acquiring interest in R-Quest Hydroponics, Inc. for 100 Million Shares of Common Restricted Stock
(Canada Newswire Via Acquire Media NewsEdge)
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.
SOURCE Anything Media Inc
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