TAMPA, Fla., Feb. 6, 2013 /PRNewswire/ -- IMD Companies Inc. (ICBU) has announced that it has greatly reduced operating expenses and is streamlining operations to cut waste. As reflected in the latest third quarter filings, IMD has indicated that ongoing operating expenses have been cut by a substantial amount. This move will serve to bring the company closer to a profitable situation sooner than expected.
CEO Bruce Collett stated that "going forward we expect to make every dollar count and our goal is to be profitable as soon as possible."
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.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.