IMD Companies Inc (ICBU)

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KRSNA MINERALS Key Developments
KRSNA Minerals Reports Earnings Results for the First Quarter of 2017
May 23 17
KRSNA Minerals reported revenues of $5,923,093 with gross profits of $2,461,617 for the first quarter 2017.

KRSNA MINERALS In Negotiation To Complete The Acquisition Of A Second Mine In India
Apr 25 17
KRSNA MINERALS is in negotiation to complete the acquisition of a second mine in India. iMD Companies, Inc. (OTCPK:ICBU) announced that the subsidiary KRSNA Minerals is in negotiation to complete the acquisition of a second mine in India due to the increased demand for magnesia chrome powder. Due to the contract and the demand for added capacity, KRSNA MINERALS is in negotiation to complete the acquisition of a second producing mine.

KRSNA Minerals Receives $60 Million Purchase Order for 100,000 Metric Tons of Magnesia Chrome Powder from Hong Kong Company
Mar 16 17
KRSNA Minerals received a purchase order from Hong Kong based company for 100,000 Metric Tons of Magnesia Chrome Powder. The purchase order for 100,000 Metric Tons of Chrome Powder is valued over $60 million and is to be delivered within six months to Hong Kong company. The company announced in January that KRSNA was expanding its work on its claims to meet demands for contracts with China for Manganese and Iron Ore. The results of this increase in demand is that the company recorded record revenues of over 8.1 million and Profits over $500,000 for the fourth quarter of 2016. Because of this contract and others KRSNA Minerals revenues and profits are trending much higher for the first half of 2017 compared to 2016. KRSNA Minerals is a producing mine in BHUBANESWAR, ORISSA INDIA with over 600 acres of mining claims which are producing manganese and Iron ore metals.