LAS VEGAS, April 12, 2016 /PRNewswire/ - MediaTechnics Corporation (OTC:PK MEDT) subsidiary, Evergreen Systems Incorporated (ESI), announced today that it has opened an investment round of $1.2 million to fuel its continued growth and expansion. The common stock investment round will be offered under the JOBS Act, Section 506(c), based on a total pre-money valuation of $30,000,000. We have completed the intake paperwork on the first $45,000 and expect to pick up that pace as public advertising will commence shortly.
In making the announcement, Jeremy E. Carr CEO of both MediaTechnics and ESI stated, "Since our inception, we have raised approximately $850,000 in debt and equity to date and now we are seeking to raise the capital necessary to allow us to realize our full potential. We are excited to begin the process of fully launching BlazeNow during what many believe may well be the most important year in this burgeoning industry."
Mr. Carr continued, "We are truly excited about this new offering. Now, through the JOBS Act we are able to bypass the venture capitalists and private equity firms that have traditionally had the best opportunities to invest in early-stage companies and now we can utilize general marketing and social media to reach out to accredited investors."
With the recent release of the Android version and the registration of over 2,800 retail dispensaries and delivery services, we are preparing to launch a full scale digital and traditional marketing campaign for our cannabis industry marketing and data collection platform BlazeNow.
BlazeNow is available on the iTunes and Google Play stores or at www.BlazeNow.com.
With legalization initiatives in California, Nevada, Massachusetts, Maine and Arizona expected to be on the ballot this November, approximately 25% of the US population could soon live in a state with legal marijuana. Many nationwide polls show overwhelming support of some form of marijuana legalization, whether medical or recreational and 2016 could prove to be the biggest year in cannabis legalization history. With legal sales of marijuana reaching $5.4 billion in 2015 and estimated to surpass $20 billion per year by 2020 our goal is to provide this incredible growth industry a much needed advertising tool for small businesses, both retail and up and coming product brands. The product and consumer data that we can collect through our platform can be valuable to entrepreneurs, investors, policymakers and more.
With an estimated 5 million daily cannabis users in the US and many more regular users, this demographic can be valuable to advertisers of all kinds.
Evergreen Systems is also pleased to announce that it recently retained a PCAOB approved auditor and has already begun the audit.
Accredited Investors interested in investing in ESI should contact the company at 1-(844)-99-BLAZE , email@example.com or http://www.evergreensystemsincorporated.com/investors-1/.
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Notes about forward-looking statements
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties.
Certain Statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"), and it is the Company's intention and belief that all such statements are covered by the safe harbors created by the Act. Reliance should not be placed on forward-looking statements because they involve unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied.
Forward-looking statements may be identified by words such as "estimates," "anticipates," "projects," "plans," "expects," "intends," "believes," "may," "should" and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the company and speak only as of the date made. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date when they are made.
SOURCE MediaTechnics Corporation