Welcome!

News Feed Item

Green Cures Inc., and Triton Distribution Systems, Inc., Announce Upcoming Company Name Change and the Cancellation of 300 Million Common Shares and Provide Corporate Update

WINNETKA, Calif., March 29, 2014 /PRNewswire/ -- Management of Green Cures Inc. ("Green Cures") and Triton Distribution Systems, Inc. (OTC Pink: TTDZ) ("Triton") announced today that following the closing of the acquisition transaction by Green Cures for controlling interest in Triton, Green Cures is proceeding with restructuring of Triton Company with intent to focus on obtaining a name and ticker symbol change; the cancellation of approximately 300 million common shares owned by Green Cures Inc.; and beginning the process of acquiring assets (including intellectual property and products) into the Company.

Management of Green Cures believes a new name and trading symbol for the Company will help the market to identify the business focus of the Company following the restructuring and reorganization. The name of the Company is to be legally changed to "Green Cures and Botanical Distribution, Inc."  Triton's new management and Green Cures interim CEO Julio Cubillas, together with their legal counsel, will take the necessary and required steps to effect the name change, which will include required filings with FINRA and the State of Colorado. Management anticipates name change processing time to take approximately 15 days and expects the Company to receive the new ticker trading symbol associated with the name change at the same time. Management will make additional announcements relating to progress of name change and symbol information as it becomes available.

Triton and Green Cures also announced that Triton plans to acquire certain assets, including rights to domain names, certain trademarks with pending registrations and intellectual property, and certain existing products, which will be used in Triton's business.  The assets to be acquired include AllBotanical.com, AllCannabis.com, FutureMarijuana.com, CBDoil.us, and CBDcolorado.com, as well as exclusive licensing rights to all Green Magic and Green Cures products from Green Cures Inc., in order to enable the Company to move quickly with business operations following the restructuring plan completion. Management believes that acquiring these assets will enable the Company to begin commercial operations and implement its business plan, while offering initial products, allowing the Company to move forward more quickly in this fast-paced industry.

As announced previously in connection with the acquisition transaction, Green Cures Inc. has agreed to the cancellation of 300 million outstanding shares of the Company's common stock which were acquired by Green Cures in connection with the acquisition transaction. Green Cures will work with Triton's management and transfer agent to finalize the cancellation of the 300 million common shares as quickly as possible.

In connection with the restructuring, Triton's Transfer Agent has provided records of Triton's share structure, to Triton's and Green Cures Management and their professional advisors. According to the information provided by the Transfer Agent, the number of shares currently issued and outstanding (prior to cancellation of the 300 Million shares) is 1,933,695,597 shares of common stock, which is higher than what had previously been disclosed in Triton's public reports and to Green Cures.

In response to this higher outstanding share number, and in an effort to maintain complete transparency, Green Cures management and Triton are informing the investment community that it does not plan to conduct a reverse stock split as part of the Company's restructuring.

Instead, Triton and Green Cures management have decided to increase the number of Triton's authorized shares by 500 million, for a total of 2,500,000,00 authorized shares. Management believes it is crucial to have, in reserve, a minimum of 740 million shares (following an increase in the authorized capital and the cancellation of the 300 million shares) in order to provide the Company flexibility for future potential capital raising transactions that may be needed for the Company's upcoming projects.

For example, Green Cures Inc. has recently submitted trademark applications for the trademark "CBD Centers," under Class Codes 035  (online retail store and retail store services) and 044 (alternative medicine services) with the United States Patent and Trademark Office. It is important to note that the trademarks for "CBD Centers," and rights pertaining to the project and future operations, will be transferred to Triton by Green Cures.

Additionally, Triton's management anticipates that the website Allbotanical.com will initially feature a total of 10 products, ready-to-ship, from the Green Magic line, along with additional products from other distributors. The Company intends to offer Green Magic Products to the public with an active Liability, and Packagers Protection Policy; therefore, the launching of Allbotanical.com is rescheduled for an expected date of April 14, 2014.

The Company is also providing an update on the previously announced distribution of the shares of common stock of another publicly traded company, Privileged World Travel Club, Inc., to Stockholders of the Company. Management is working to determine the best time and methods to make such a distribution, while balancing factors involved, including the costs and time required for undertaking such a distribution transaction, the performance of Privileged World Travel Club in the market and more. The Management would like to provide an expression of gratitude for the support of Triton Distribution Systems, Inc. Stockholders and will continue to provide updated information relating to the distribution of these shares in the near future.

Finally, in closing, the Company would like to inform the Company's Stockholders that all Executives and Officers who will work with the Company for the development of business operations within the medical cannabis and botanical industry are expected to assume positions on or before April 1, 2014; with public announcements to advise of Executives and Officers of the Team anticipated on, or before, April 2, 2014.

About Green Cures Inc.: www.greencuresinc.com
Green Cures Inc. operates a diverse portfolio of services and products within the medical marijuana and botanical industry, as permitted by law. In this rapidly growing industry of alternative care products, from production, distribution and management, Green Cures Inc. also provides online community portals that supply the public with information and resources regarding the benefits of cannabis-derived products.

FDA Statement
The statements contained in this document have not been evaluated or approved by the FDA. The products and statements referenced in this document are not intended to diagnose, treat, cure, or prevent any disease.

Forward-looking statement
This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Forward-looking statements are identified by wording such as "scheduled (future sense)" "intend(s)", "plan(s)" "expect(s)", "believe(s)" "will" "estimate(s)", "forecast", "anticipate(s)", "expect(s)", "may", "should", "goal", "target", "aim", "may", "would", "could" or "should" or, in each case, the negative thereof, other variations thereon, comparable terminology or wording/graphical information that implies anticipated future results or deliverables.  Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, progress of products development, acceptance of products, increased levels of competition, new products and technological changes, dependence upon third-party suppliers, and intellectual property rights.  You are cautioned not to place any undue reliance on any forward-looking statement, and Triton expressly disclaims any obligation or intention to update any forward-looking statement.

SOURCE Triton Distribution Systems, Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
We all know that end users experience the Internet primarily with mobile devices. From an app development perspective, we know that successfully responding to the needs of mobile customers depends on rapid DevOps – failing fast, in short, until the right solution evolves in your customers' relationship to your business. Whether you’re decomposing an SOA monolith, or developing a new application cloud natively, it’s not a question of using microservices – not doing so will be a path to eventual b...
Gemini is Yahoo’s native and search advertising platform. To ensure the quality of a complex distributed system that spans multiple products and components and across various desktop websites and mobile app and web experiences – both Yahoo owned and operated and third-party syndication (supply), with complex interaction with more than a billion users and numerous advertisers globally (demand) – it becomes imperative to automate a set of end-to-end tests 24x7 to detect bugs and regression. In th...
As you move to the cloud, your network should be efficient, secure, and easy to manage. An enterprise adopting a hybrid or public cloud needs systems and tools that provide: Agility: ability to deliver applications and services faster, even in complex hybrid environments Easier manageability: enable reliable connectivity with complete oversight as the data center network evolves Greater efficiency: eliminate wasted effort while reducing errors and optimize asset utilization Security: imple...
High-velocity engineering teams are applying not only continuous delivery processes, but also lessons in experimentation from established leaders like Amazon, Netflix, and Facebook. These companies have made experimentation a foundation for their release processes, allowing them to try out major feature releases and redesigns within smaller groups before making them broadly available. In his session at 21st Cloud Expo, Brian Lucas, Senior Staff Engineer at Optimizely, will discuss how by using...
In this strange new world where more and more power is drawn from business technology, companies are effectively straddling two paths on the road to innovation and transformation into digital enterprises. The first path is the heritage trail – with “legacy” technology forming the background. Here, extant technologies are transformed by core IT teams to provide more API-driven approaches. Legacy systems can restrict companies that are transitioning into digital enterprises. To truly become a lead...
Companies are harnessing data in ways we once associated with science fiction. Analysts have access to a plethora of visualization and reporting tools, but considering the vast amount of data businesses collect and limitations of CPUs, end users are forced to design their structures and systems with limitations. Until now. As the cloud toolkit to analyze data has evolved, GPUs have stepped in to massively parallel SQL, visualization and machine learning.
The session is centered around the tracing of systems on cloud using technologies like ebpf. The goal is to talk about what this technology is all about and what purpose it serves. In his session at 21st Cloud Expo, Shashank Jain, Development Architect at SAP, will touch upon concepts of observability in the cloud and also some of the challenges we have. Generally most cloud-based monitoring tools capture details at a very granular level. To troubleshoot problems this might not be good enough.
SYS-CON Events announced today that CAST Software will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CAST was founded more than 25 years ago to make the invisible visible. Built around the idea that even the best analytics on the market still leave blind spots for technical teams looking to deliver better software and prevent outages, CAST provides the software intelligence that matter ...
The next XaaS is CICDaaS. Why? Because CICD saves developers a huge amount of time. CD is an especially great option for projects that require multiple and frequent contributions to be integrated. But… securing CICD best practices is an emerging, essential, yet little understood practice for DevOps teams and their Cloud Service Providers. The only way to get CICD to work in a highly secure environment takes collaboration, patience and persistence. Building CICD in the cloud requires rigorous ar...
SYS-CON Events announced today that Daiya Industry will exhibit at the Japanese Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Ruby Development Inc. builds new services in short period of time and provides a continuous support of those services based on Ruby on Rails. For more information, please visit https://github.com/RubyDevInc.
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busine...
As businesses evolve, they need technology that is simple to help them succeed today and flexible enough to help them build for tomorrow. Chrome is fit for the workplace of the future — providing a secure, consistent user experience across a range of devices that can be used anywhere. In her session at 21st Cloud Expo, Vidya Nagarajan, a Senior Product Manager at Google, will take a look at various options as to how ChromeOS can be leveraged to interact with people on the devices, and formats th...
First generation hyperconverged solutions have taken the data center by storm, rapidly proliferating in pockets everywhere to provide further consolidation of floor space and workloads. These first generation solutions are not without challenges, however. In his session at 21st Cloud Expo, Wes Talbert, a Principal Architect and results-driven enterprise sales leader at NetApp, will discuss how the HCI solution of tomorrow will integrate with the public cloud to deliver a quality hybrid cloud e...
SYS-CON Events announced today that Yuasa System will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Yuasa System is introducing a multi-purpose endurance testing system for flexible displays, OLED devices, flexible substrates, flat cables, and films in smartphones, wearables, automobiles, and healthcare.
Is advanced scheduling in Kubernetes achievable? Yes, however, how do you properly accommodate every real-life scenario that a Kubernetes user might encounter? How do you leverage advanced scheduling techniques to shape and describe each scenario in easy-to-use rules and configurations? In his session at @DevOpsSummit at 21st Cloud Expo, Oleg Chunikhin, CTO at Kublr, will answer these questions and demonstrate techniques for implementing advanced scheduling. For example, using spot instances ...