SARASOTA, Fla., Nov. 12, 2007 (PRIME NEWSWIRE) -- ImagiTrend, Inc. (Pink Sheets:IMTD) is pleased to announce that Eternal Gems, Inc., a wholly-owned subsidiary of ImagiTrend, Inc., is looking to acquire a four thousand square foot production facility. Eternal Gems, Inc. has enlisted the help of a real estate agency to locate space for the new facility.
Eternal Gems, Inc. will use the facility for producing its unique pet memorial products. Patents are currently being prepared for the technology. The company is planning to gain a share of the $40 billion market that owners in the United States spend on their pets each year. Eternal Gems, Inc. is expecting the facility to be up and running by the end of the first quarter of 2008.
"We feel pets are prominent members of the American family, and there are very few opportunities to memorialize them. Three out of four households in America own a pet. We believe our new facility is the first step in providing a needed service for pet owners and allows us to tap into a growing $40 billion dollar market," stated Russell Haraburda, President and CEO of ImagiTrend, Inc. The Eternal Gems, Inc. production requires minimal manpower and resources with significant profit.
ImagiTrend, Inc. recently announced, in a live interview on MN1, a new marketing and acquisition strategy to grow its asset base, as well as update current and potential shareholders on Company related issues.
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 Eternal Gems, Inc. which has a unique process for creating durable and attractive pet memorial products.
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.