IMD Companies Inc (ICBU)

[bigbadjohn]

The iMD legal team and LCG Plastic finalized all the details of this contract. The company’s legal team has verified all aspects of the order and has validated the value of the contract.

Securities Counsel
Law Office of James M. Donovan, PC
317 Davisville Rd
Willow Grove, PA 19090
267 679 0672 (as per number in corporate financials)

https://www.otcmarkets.com/stock/ICBU/profile




iMD Companies, Inc. Subsidiary, LCG Plastic, Receives Purchase Order and Completes Contract to Supply 1.78 Billion Dollars of Polyvinyl Chloride (PVC) Plastic Pipes to RWS&S Odisha, Bhubaneswar Government in IndiaPress Release | 11/27/2018

LAS VEGAS, NV, Nov. 27, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – iMD Companies, Inc. (OTC: ICBU) Board of Directors announced today that LCG Plastic, a subsidiary of the company, has received a purchase order and signed a contract to supply approximately one billion seven hundred and eighty million dollars, ($1,780,821,917) of Polyvinyl Chloride (PVC) Pipes over a two-year period to the Government of India. LCG has contracted to supply PVC pipes according to the specification in the purchase order. Approximately 10 million PVC Pipes are to be delivered every thirty days with the first shipment of pipes to be delivered in ninety days from the signing of the contract. The contract is a sliding scale purchase order that will ramp up to 10 million pipes per month after several deliveries and continue for the life of the contract.

The company has been working on the details of the purchase order and contract over the last several months and completed the due diligence necessary to sign the contract. All details and materials needed for the increase in manufacturing have been calculated to set up the increase in capacity to produce the PVC Pipes for the orders each month.

The iMD legal team and LCG Plastic finalized all the details of this contract. The company’s legal team has verified all aspects of the order and has validated the value of the contract. iMD wanted to make sure all due diligence had been completed and verified before announcing this purchase order to its shareholders. The company has also filed its third quarter financials and disclosures with OTC Markets and is up to date with its filing for the company. The company plans to file the contract with iMD’s fourth quarter financial statements and the contract is expected to be published on the government website in approximately four to six months.