IMD Companies, Inc. (ICBU) Board of Directors announced today that LCG Plastic, a subsidiary of the company, is in the final due diligence phase to complete a major contract with the Government of India to supply a very large order of PVC Pipe.
The company has been working on this order over the last several months and is in the final details of the contract and due diligence to complete this contract. All details and amounts of materials needed for manufacturing are being calculated to set up the needed manufacturing to fulfill this order. This contract would cause IMD to be required to become a fully reporting company because of the increased revenues. This order will change the landscape for LCG Plastech as a subsidiary of IMD Companies, Inc.
IMD has been in discussions with its legal team and LCG Plastech to finalize all details of the contract. The company’s legal team has verified all aspects of the order and should have it completed within a week from this date. The company plans to announce the completion of this contract during the week of November 26th in the form of a news release to its shareholders.
IMD Companies, Inc. also expects to file its third quarter financials with OTC Markets this week to stay current with its filing for the company.
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 business while strategically seeking to acquire new business and create other business alliances, which generate increased revenues and earnings
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IMD Companies, Inc.
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