ChineseInvestors.COM Announces Entry into a New Business Venture with Medicine Man of Denver
DENVER, Feb. 12, 2014 /PRNewswire/ -- Brett Roper, Chief Operating Officer of ChineseInvestors.COM (OTCQB Symbol 'CIIX') and Andy Williams, President of Medicine Man of Denver are pleased to announce entry into an agreement to form a new corporation that will be providing for licensing opportunities related to Medicine Man's experience and intellectual property as well as general industry related consulting services.
Andy Williams, Medicine Man's President commented, "We are excited by the opportunities this new business venture represents in the expansion of our skills, experience, and brand. Our focus will be on the development of a full spectrum of licensing protocols that best represents that experience in the development of our general business as well as our exclusive variable capacity constant harvest process."
Mr. Brett Roper, Chief Operating Officer commented, "Medicine Man has continued to evolve as an innovator in this fledgling space and we are excited to be able to contribute our experience in corporate development to this new venture. Our relationship with Medicine Man started early last year when we agreed to work with their team in the development of a general license agreement that could be deployed by others that could benefit by the extensive experience of the Medicine Man Family."
Andy Williams further noted, "We already have several licensing proposals in process and hope to announce our first client in the upcoming weeks. We continue to be amazed at the efficiencies we have been able to develop for our business and wish to acknowledge all of our employee team member's hard work as well as the design build contributions of Vintage Contracting LLC."
Medicine Man of Denver is in the process of substantially expanding their current facilities and was one of the first businesses in Colorado to be granted a recreational use license by the City and County of Denver. Their substantial investment in both their business and community is creating both an expanded tax base as well as a growing source of employment. More information about Medicine Man can be found at www.medicinemandenver.com.
ChineseInvestors.COM, Inc. ('CIIX'), founded in 1999 endeavors to be an innovative company; providing (a) real-time market commentary, analysis, and educational related services in Chinese language character sets (traditional and simplified), (b) support services to our various partners, (c) consultative services to smaller private companies considering becoming a public company, (d) advertising and public relation related support services, and (e) other services we may identify having the potential to create value or partnership opportunity with our existing skills and services.
Safe Harbor Statement
This press release may contain forward looking statements which are based on current expectations, forecasts, and assumptions that involve risks as well as uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected, including statements related to the amount and timing of expected revenues as well as any payment of dividends on our common and preferred stock, statements related to our financial performance, expected income, distributions, and future growth for upcoming quarterly and annual periods. These risks and uncertainties are further defined in filings and reports by the Company with the U.S. Securities and Exchange Commission (SEC). Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors detailed from time to time in our filings with the Securities and Exchange Commission. Among other matters, the Company may not be able to sustain growth or achieve profitability. Reference is hereby made to cautionary statements set forth in the Company's most recent reports on Form 10-K and 10-Q, and other SEC filings. In addition, the information contained in this press release is subject to the risk factors identified in the Company's most recent Form 10-K. We have incurred and will continue to incur significant expenses in our expansion of our existing as well as new service lines noting there is no assurance that we will generate enough revenues to offset those costs even in light of recent profitability and growth of our business. Additional service offerings such as these may expose us to additional legal and regulatory costs and unknown exposure(s) based upon the various geopolitical locations we will be providing services in, the impact of which cannot be predicted at this time.