LAS VEGAS, August 8, 2016 /PRNewswire/ --
South American Gold Corp. (OTC PINK: SAGD) announced yesterday that the continued growth and development of the domestic cannabis markets have the company more committed than ever to their business model and revenue goals. On July 5, 2016, Jane, the express ordering kiosk that helps cannabis retailers sell their products, joined the American Trade Association of Cannabis and Hemp. "We're proud to join ATACH and hopefully help shape the industry's dialogue around proper compliance and responsible banking behavior," commented David Ellerstein, CEO of Jane. "For legal cannabis to gain the legitimacy it deserves as America's fastest growing industry, we must hold ourselves to an even higher standard to assuage any concerns banks, government or institutional investors may have about doing business with us."
These continued signs of domestic growth and opportunity have South American Gold Corp.'s CEO, Cynthia Berain, feeling very excited, "In early June of this year we released our three year strategic plan to move our company forward and begin the process of creating the type of revenue we know this company is capable of generating. When we view the current landscape of this business and look at the opportunities that exist, we believe now, more than ever, that we are in the right place and have the right infrastructure to capitalize on this emerging market in a major way." Ms. Berain went on to state, "During the gold rush in the mid 1800's it was those industries that were serving the needs of the gold miners that were reliable, risk averse opportunities. We plan on positioning ourselves in that manner, we will be the company there to provide education, resources, equipment and materials to a rapidly growing, international industry. We feel like Uruguay is the perfect launching point and from there, we believe our success will launch us into numerous other markets and opportunities.
About SAGD: South American Gold Corp is focused on becoming the premiere provider of value added products and services for the cultivation and processing of cannabis for the South American medical and recreational markets with an initial focus on the Uruguayan market.
This release contains forward-looking statements that are based on beliefs of South American Gold Corp. management and reflect South American Gold Corp.'s current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities and Exchange Act of 1934, as amended. When we use in this release the words "estimate," "project," "believe," "anticipate," "intend," "expect," "plan," "predict," "may," "should," "will," "can," the negative of these words, or such other variations thereon, or comparable terminology, are all intended to identify forward looking statements. Such statements reflect the current views of South America Gold Corp. with respect to future events based on currently available information and are subject to numerous assumptions, risks and uncertainties, including but not limited to, risks and uncertainties pertaining to development of mining properties, changes in economic conditions and other risks, uncertainties and factors, which may cause the actual results, performance, or achievement expressed or implied by such forward looking statements to differ materially from the forward looking statements. The information contained in this press release is historical in nature, has not been updated, and is current only to the date shown in this press release. This information may no longer be accurate and therefore you should not rely on the information contained in this press release. To the extent permitted by law, South American Gold Corp. and its employees, agents and consultants exclude all liability for any loss or damage arising from the use of, or reliance on, any such information, whether or not caused by any negligent act or omission. This press release incorporates by reference the Company's filings with the SEC including 10K, 10Q, 8K reports and other filings. Investors are encouraged to review all filings. There is no assurance South American Gold Corp. will identify projects of merit or if it will have sufficient financing to implement its business plan. There is no assurance that the Company's due diligence on the potential acquisition of oil and gas assets will be favorable nor that definitive terms can be negotiated. Information in this release includes representations from the private companies referred to which has not been independently verified by the company. A downturn in oil prices would affect the potential profitability of the proposed acquisition negatively.
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SOURCE South American Gold Corp.