ROSV Soft Launches iWeeds.com to Capture Growing Industry Market Share
February 11 2014 - 5:00AM
Marketwired
ROSV Soft Launches iWeeds.com to Capture Growing Industry Market
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SAN DIEGO, CALIFORNIA--(Marketwired - Feb 11, 2014) - 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:
http://www.iWeedz.com
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.
Forward-looking Statements:
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.
Rostock Ventures Corp.Gregory
RotelliPresidentinfo@rostockventures.comwww.rostockventures.com
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