Chuma Holdings, Inc. Appoints Veteran Marketing Executive Kevin Wright as President and Member of the Board of Directors

LOS ANGELES, Sept. 23, 2014 /PRNewswire/ -- Chuma Holdings, Inc. ("Chuma") (OTCBB: CHUM), announced today that it has appointed Mr. Kevin Wright as President and a member of the Board of Directors, a nomination timed to coincide with the company's expansion of its market presence. 

As President of Chuma, Mr. Wright is responsible for setting the overall direction and business strategy for the company. In assuming this leadership role, Mr. Wright will focus on driving expansion in the California markets providing operational oversight to Chuma's alternative financing, turnkey "seed to sale" services portfolio, and future merger and acquisitions strategy.

Mr. Wright is a highly experienced senior business executive, whose 20 year career includes serving in a variety of senior executive and directorship positions, most recently as a director of a private marketing and advertising company. Over the course of his career, Mr. Wright has been an award-winning director for multi-national marketing and advertising companies. Mr. Wright has worked for businesses in Canada, the US, and the UK. He has been instrumental in formulating successful marketing strategies for clients such as Vonage, IBM, Akzo Nobel, Rogers, and Molson's, to name a few. He has appeared on TV and lectured at universities on the subjects of marketing and business strategy.

"I have thoroughly enjoyed working with the fast-paced team here at Chuma over the last 6 months and am happy to accept the position of President and to serve as a Director of the Company. We have a strategic vision and a winning strategy that will set us apart from other public companies operating in the marijuana space, and I'm extremely excited about this opportunity to lead Chuma into the next phase of its expansion and growth," said Mr. Wright. "We are confident that consumers, businesses and governments everywhere will rapidly adopt the use of marijuana for medicinal purposes which will allow us the opportunity to turn Chuma into a leading brand in the coming years in the US markets." 

"We are delighted to welcome Kevin in his new position and to the Board," said Mr. Shapiro, Chuma's CEO. "He is a fiercely independent thinker who brings extensive international marketing and advertising experience, strong business vision, and excellent leadership qualities, all of which will be invaluable to our organization as we continue to expand and grow. He has made instrumental contributions to our business strategy and success to date, and I look forward to his continued contributions to our business. I would also like to add that we are grateful to our loyal shareholders for their continued support, and we are confident that our marketing and business development efforts will result in increased shareholder value."

Mr. Wright was appointed President and elected to the Board on September 3, 2014. He has served as a consultant to the Company since April 2014. Mr. Wright replaces former President Mr. Jordan Shapiro, who will remain with the company as CEO and a member of the Board of Directors.

About Chuma Holdings, Inc.

Chuma is a public company quoted on the OTCBB as CHUM. Chuma and our wholly-owned subsidiaries provide turnkey support solutions to the rapidly evolving and growing legal cannabis industry. We provide "seed to sale" turnkey business services including:

• Funding and Financing Solutions
• Compliance Consulting Solutions
• Collective, Dispensary and Retail Solutions
• Commercial Production and Equipment Build Out Solutions
• Banking and Payment Processing Solutions
• Multichannel Supply Chain Solutions
• Management, Branding, Marketing and Sales Solutions
• Research and Development Solutions
• Consumer Product Solutions

Our experienced management team has a combined thirty-five years of successful experience in the legal cannabis industry in California, and we are currently generating revenue from existing financing and service solutions. Chuma is expanding throughout California and bringing its array of services to each new state that legalizes the use of cannabis. At this time, Chuma does not grow, process, own, handle, transport, or sell marijuana. As the legal environment changes in California and elsewhere, management may explore business opportunities that involve ownership interests in dispensaries and growing operations.

Additional Information and Contact Us

Accredited investors are invited to contact us directly at (1-844-4-MYCHUMA) to receive a copy of the Company Business Plan. For more information, please visit www.CannaMedCorp.com.

Safe Harbor Statement

This release contains "forward-looking statements" that include information related to future events and future financial and operating performance. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management's good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause these differences include, but are not limited to: the ability of Chuma to secure appropriate funding to implement its business plan, the demand for Chuma's services, Chuma's ability to maintain customer and strategic business relationships, the regulation of legal cannabis on both state and federal levels, the impact of competitive products and pricing, growth in targeted markets, and other information that may be detailed from time-to- time in Chuma's filings with the United States Securities and Exchange Commission. Chuma undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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SOURCE Chuma Holdings, Inc.