PLACERVILLE, CA, Feb. 28, 2018 /PRNewswire/ - iMD Companies, Inc. (ICBU) Board of Directors announced today that the company is in negotiation to acquire SG Minerals Mining Company as a wholly owned subsidiary of the company. SG Minerals is an audited mining company in India, which mines iron ore. SG Minerals fits into the business profile for iMD and is a great complement to other mining projects that the company is involved in.
Mr. Arsad Hossain, Director of SG Minerals, stated, "we are excited to work with iMD Companies in order to expand their mining operations. iMD Companies, Inc. has appointed a due-diligence team in India to start the due-diligence process immediately. Once the due-diligence process is complete the board of directors of iMD companies, Inc. will review the report and enter in to a definitive agreement. When the definitive agreement is completed the company will announce its completion immediately."
About iMD Companies, Inc. www.imdcompaniesinc.com
IMD Companies, Inc., (:ICBU) is a Florida corporation, engaged in the manufacturing, extraction and distribution in mining, and asset accumulations of revenue producing companies. The company is positioned to be a holding company for acquisitions in the mining industries. The company and the principals of the management team have extensive backgrounds in finance, manufacturing, marketing and distribution. ICBU's goal is to create and increase shareholder value by tactically growing our core business while strategically seeking to acquire new business alliances, which generate increased revenues and earnings.
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SOURCE IMD Companies, Inc.