SARASOTA, Fla., Sept. 27, 2007 (PRIME NEWSWIRE) -- ImagiTrend, Inc. (Pink Sheets:IMTD) is pleased to announce that the Company has been approached by a number of companies seeking to be a part of the ImagiTrend family of companies. ImagiTrend has been, and will continue to seek companies that meet its criterion of growth and profitability in the energy conservation, medical and specialty packaging areas.
Over the past few months, ImagiTrend has been doing extensive evaluation of a number of prospective partners. The Company, in executing its long term goal of acquiring growth companies in developing sectors of the marketplace, is currently entertaining letters of intent with several of these companies. ImagiTrend anticipates the consummation of those agreements in the near future.
"The last several months have been exceptionally busy ones for us as we proceed to execute our acquisition strategy. We have received intense interest and positive responses from quite a few well-established businesses that we feel could be wonderful additions to our family of companies. We will keep our shareholders posted as these exciting developments begin to happen," stated Russell Haraburda, President and CEO of ImagiTrend, Inc.
ImagiTrend, Inc. recently announced that Mr. Ted Yardley has been appointed the President of Eternal Gems, Inc., a wholly-owned subsidiary of ImagiTrend. Mr. Yardley has spent the majority of his career in the mining business as the President and CEO of Doron Explorations, Wind River Resources and Swift Minerals, all publicly traded companies.
About ImagiTrend, Inc.:
ImagiTrend, Inc. is a development-stage Company that specializes in developing and marketing pet products and consumer products. ImagiTrend currently owns interest in two companies: Eternal Gems, which has a unique process for creating durable and attractive pet memorial products; and The Hollywood Movie Machine, which has an exclusive license on technology to place individual customers in to film clips of movies, television shows, and other video footage. The Hollywood Movie Machine has also developed and licensed interactive home consumer entertainment products and software.
The ImagiTrend, Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=4088
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements, other than the statements of historical facts, contained in this release which are not historical facts may be deemed to contain forward-looking statements with respect to events, the occurrence of which involves risk and uncertainties, including, without limitation, demand and competition for the Company's products and services, the availability to the Company of adequate financing to support its anticipated activities, the ability of the Company to generate cash flow from operations and the ability of the Company to manage its operations.
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