|By Marketwired .||
|March 25, 2014 05:01 AM EDT||
SAN DIEGO, CALIFORNIA -- (Marketwired) -- 03/25/14 -- Rostock Ventures Corp. (OTCBB: ROSV) (the "Company") is pleased to announce a $2,000,000 equity financing commitment to develop and roll out the iWeedz platform. Rostock Venture's President Gregory Rotelli said, "The equity line will allow us to obtain the kind of capital required to move iWeedz to a new rollout phase and to become the disruptive platform we envision. We are not compelled to take down any specific amount of money; that decision is entirely at our discretion. The terms of the Agreement are such that we may continue to pursue financial arrangements and partnerships with other entities. We feel this opportunity brings, not only tremendous shareholder value, but proves financial institutions are focused on this sector and share our vision." The terms and conditions of the Equity Line Agreement will be announced in a later release.
iWeedz.com for consumers is a search engine and cannabis information resource that connects consumers with vendors or likeminded individuals. iWeedz will streamline the process of finding the right strains and products for ailments which are fast, simple and intuitive. 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 is 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 back end payment processing.
About Rostock Ventures Corp.:
Rostock Strategy: Monitizing Digital Media With Proximity Marketing. Proximity marketing utilizes the activities that consumers are already involved in to offer retailers a new path to reach their audiences. Localized wireless distribution of advertising provides a higher level of interactivity between the consumer and the specific location market retailer. This new consumer selected experience results in highly effective, contextually relevant, interactive marketing. It creates an even more memorable interaction for consumers and also allows retailers to leverage their strengths and increase the return on investment by motivating return visits and consumer experience satisfaction. This approach adds to marketing intelligence while maximizing shareholder value in achieving the highest possible client outcome while being mindful of our corporate and global responsibilities. Our forward thinking mandate brings iWeedz.com to the marketplace. iWeedz.com is a Mobile Marijuana Platform capturing Local Marijuana commerce.
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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Apr. 26, 2015 11:30 AM EDT Reads: 4,429
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