|By Marketwired .||
|February 11, 2014 05:00 AM EST||
SAN DIEGO, CALIFORNIA -- (Marketwired) -- 02/11/14 -- Rostock Ventures Corp. (OTCBB: ROSV) (the "Company") - iWeedz.com, an innovative platform using geo-location to enable dispensaries to communicate real-time and instant product offers to nearby consumers, today announced that it has soft launched iWeedz.com. The purpose of the soft launch is to work with vendors and consumers to obtain feedback to ensure iWeedz meets their needs and demands. Unlike Groupon or LivingSocial, iWeedz will not take any of the profits. iWeedz will monetize by charging the dispensaries a monthly fee. Dispensaries and vendors will have a back office to which customers will be able to interact and transact directly with the vendors. Dispensaries will be able to list their inventory, post daily deals, process payments and communicate with customers via email and sms (text messaging). iWeeds will not only be a tool for vendors but also a resource for consumers wanting to learn about medical marijuana.
"Given that there are more dispensaries in the City of Angels, than there are Starbucks we feel this is only the beginning. CNBC quotes that the Marijuana Market could be upto $120 billion dollars and growing (http://www.cnbc.com/id/36179677) and we are seeing many companies jumping onto the opportunity. We, on the other hand, have taken a different approach because we feel with the amount of dispensaries and grow ops marijuana can become a price driven commodity due to competition. This is good for the consumer, and "we feel there is a more stable opportunity in becoming a resource technology for this new sector," stated Gregory Rotelli, President Rostock Ventures.
iWeedz.com search engine will be a cannabis information resource that connects consumers with vendors or like-minded individuals. iWeedz will streamline the process of finding the right strains and products for you comfortably, fast and simple. Whether you're new to cannabis, a medical marijuana patient, or simply a recreational consumer, iWeedz is the perfect destination for you!
iWeedz.com for vendors will be a cloud based solution to manage inventory, post daily deals, attract new customer with proximity marketing via mobile phones, engage with customers via email & text messaging and offer payment processing. For further development updates and to view UI mockups go to:
Rostock is also evaluating and contemplating service agreements and other opportunities that will assist Rostock's corporate growth and gain a foothold within this dynamic sector.
About Rostock Ventures:
Recently the company's Board of Directors has voted to initiate a 5-for-1 forward split of the Company's common shares payable to our shareholders of record. At this time the Board has not selected a record date to implement the forward stock split, but once a final record date is established, it will be announced. The Company anticipates that the forward stock split will occur early in 2014. Once we have implemented the 5-for-1 forward stock split, the Company's common stock will begin trading on a split-adjusted basis and the shareholders of record as of the selected record date will then own five shares for every one share previously owned. For example, if you owned 200,000 shares at the close of the record date you will be entitled to 1,000,000 shares after the split occurs. Presently the Company has approximately 41,000,000 shares of its common stock issued and outstanding giving the company a market cap of just over $2 million. The Board and management feel that forward splitting the shares will increase liquidity in the Company which will give our shareholders added value and thus enabling the Company to seek potential new projects.
Some of the statements contained in this press release are forward-looking statements which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements, including the risks and uncertainties related to the progress, timing, cost, and results of technology programs; competition from other companies; and the Company's ability to obtain additional funding required to conduct its activities. Please refer to the company's filings with the Securities and Exchange Commission for a comprehensive list of risk factors that could cause actual results, performance or achievements of the Company to differ materially from those expressed or implied in such forward looking statements. The Company undertakes no obligation to update or revise any forward-looking statements.
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