|By Marketwired .||
|February 7, 2014 10:05 AM EST||
LOS ANGELES, CA -- (Marketwired) -- 02/07/14 -- United Treatment Centers Inc. (OTC Pink: UTRM): RedTruck SEO Inc DBA www.potnetwork420.com is a digital media company focusing exclusively on the Marijuana industry.
Chris Seminatore, United Treatment Centers Inc. newly appointed CEO and President, announced today that RedTruck SEO Inc. DBA Potnetwork420.com will retire three billion common shares to treasury reducing the outstanding common shares by 54%. Mr. Seminatore said, "We felt this was a bold but necessary move to increase shareholder value. By reducing our outstanding common shares to approximately 2.5 billion I believe it will result in more favorable share price moving forward. We will be working with our attorney and transfer agent to complete this process over the next week. Our business plan is to have Potnework420.com be the information portal for the marijuana industry. Through live, daily video broadcasts we will be the most trusted source for news and information in the marijuana industry. Advertisers are signing on and we anticipate revenues as early as next week. We are also lining up celebrity support for the network as well and will have more information shortly."
Safe Harbor Act: This release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report.
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