iMD Companies, Inc. Announces Expansion of OMI Operations
TAMPA, Fla., April 22, 2011 /PRNewswire/ -- As a result of its recent acquisition announced yesterday of Optimum Mobile Imaging LLC ("OMI"), iMD is actively seeking to dramatically expand its overall Medical Diagnostics operations. Currently operating mainly in the Phoenix area, iMD will expand OMI's services throughout the state. We believe we can gain traction in this growing Medical Diagnostics market within several additional parts of the country including FL, UT, CA and TX. With the financial resources to attract qualified marketing representatives , iMD hopes to have OMI operating in all these states within the next 12 months. This initial expansion should serve to multiply revenues exponentially. Our analysis shows that Independent Diagnostic Testing Facility (IDTF's) such as the ones described herein can generate annual revenues of $20 million as we increase our penetration into each state.
Saeb Jannoun stated, "We are very pleased to be moving quickly to fully integrate OMI and to grow our diagnostics revenues. We are fully committed to increase shareholder value as we grown our Medical Diagnostics group, and by seeking additional acquisition candidates that will be accretive to earnings."
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 further plans to expand into the weight-loss industry.
The company delivers its medical diagnostic services on-site 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