Imagin directors have agreed to recommend a name change of IMGM to Planet Green BioTechnology, Inc.
Imagin Molecular Corporation (IMGM) has agreed to issue 49% of the post capitalization of IMGM in exchange for 84,000,000 Positron common shares plus 100% of the equity of the Planet Green Bottle, all IMGM shares to be distributed to shareholders or affiliates of Planet Green.
The Imagin Directors have agreed to recommend a name change of IMGM to Planet Green BioTechnology, Inc. IMAGIN will increase its position as a major shareholder of Positron Corporation, a Molecular Imaging company that specializes in nuclear cardiology. Positron utilizes its proprietary product line to provide solutions to the Nuclear Medicine community ranging from positron emission tomography (PET) scan imaging to radiopharmaceutical distribution.
PET is an advanced medical diagnostic imaging procedure used by physicians in the detection of certain cancers, coronary disease and neurological disorders including Alzheimer’s disease. Imagin Nuclear Partners, a wholly-owned subsidiary and is a full-service joint venture molecular imaging partner that will own, operate and administer out-patient medical diagnostic imaging centers that utilizes PET and PET/CT scanning equipment.
Planet Green Bottle is negotiating to acquire proprietary additives defined as oxo-biodegradable technology that, triggered by oxygen and UV light (sunlight), can cause the 500bn PET (polyethylene terephthalate) plastic bottles made annually to biodegrade in a fraction of the estimated 1,000 years. Separately Planet Green plans to develop of its own next generation biodegradable additive for PET plastic bottles and containers.
A Planet Green Bottle (PGB) affiliate financed the development by Wells Plastics (UK) of a oxo-biodegradable PET (polyethylene terephthalate) plastic bottle. PGB is negotiating contracts around the world to incorporate masterbatch additives into branded water, beverage, health and beauty aids, pharmaceutical and any other PET plastic bottle or container in order to address the reduction of plastics in landfills, ditches, rivers and in the oceans, the world’s largest plastic garbage dump.