BEVERLY HILLS, Calif., July 25, 2014 /PRNewswire/ -- Cannabis Capital Corp. (OTCBB: CBCA) is a global acquisition-based conglomerate targeting five primary industries: High-Tech Incubation, Drug Development, Entertainment/Media, Education, and Financial Services. The Company is pleased to announce that yesterday, July 24, 2014 Crown Baus Capital Corp. (the "Company") received approval from FINRA for its previously announced name change from Cannabis Capital Corp. (www.crownbaus.com )
As of market open today, July 25, 2014, the Company's common stock will trade under its new name, Crown Baus Capital, with new CUSIP number of 22821R 101. The Company's trading symbol has not changed and will remain as CBCA.
Crown Baus Capital is focused on finalizing the restructuring, internal controls and compliance systems that serve as the proper foundation to take full advantage of the opportunities being considered by management. The Company will continue to expand its team of key executives who will walk these projects through to completion. Recent VP appointments include:
Drue Young - VP of Business Development
Mr. Young's experience as creative director and a designer for high-profile companies and clients in the entertainment and Fortune 500 companies, gives the Company the additional focused in-house expertise to move much faster in its new product launches. Mr. Young has previously worked with companies such as Wells Fargo Bank, Bank of America, Credit Suisse First Boston, H&R Block, Chevrolet, KIA Motors, Scion, Touchstone Pictures, Discovery Channel, SFGate.com, Universal Music Group, Wahlburgrs, and rappers/actors Ice Cube, Snoop Dogg, and The Game.
Ouali Benmeziane - VP Technology
An expert in SEO, social media and conversion optimization, Mr. Benmeziane (better known as "Ouali") is the Founder & CEO of WebCongress, Inc., the tech event and consulting company specializing in online marketing and digital trends that has achieved success and recognition in Europe, USA, and LATAM. Trained at the business school IFAG in Paris, Ouali has been offering training and digital marketing consulting for small and large businesses during the past 7 years; teaches at institutes and business schools and speaks at technology events on a global basis. Annually, Ouali brings together thousands of marketers and brand leaders such as Google, Facebook, YouTube, Twitter, BlackBerry and Microsoft in WebCongress events and conferences.
Alex Frejrud - VP of Interactive Strategy
Raised and educated in Sweden, Mr. Frejrud has an extensive background as a telecommunications engineer, film editor, music producer and transmedia pioneer, aided by his considerable entrepreneurial skills. Mr. Frejrud has been the driving force behind various successful startups. In 2004, he co-founded the award-winning social network Trig.com. He followed up in 2008 with the establishment of the Glampire Group, consisting of Glampire Media, Glampire Mobile and Glampire Mobile-Label. As director and president of The Glampire Group, he works with a number of renowned record labels, fashion brands, corporations, websites, and movie production companies, enhancing their media profiles, visibility, viral marketing, and connectivity of clients including BMW, MySpace, H&M, Sony, EMI, and Universal Studios.
"We are very proud of our growing team of experts and we are dedicated to creating the type of innovative environment that embraces novel ideas and transforms them into quality ventures. Our new name is symbolic of this fundamental concept. We have seen a large number of opportunities and inquiries come into Crown Baus Capital through our relationships, the Internet, the phone lines, and word of mouth. We look forward to advancing our operations very quickly and announcing some of these great projects and opportunities we have committed to put to paper," said Robert Kane, Director and CFO, Crown Baus Capital Corp.
About Crown Baus Capital Corp.
Crown Baus Capital Corp. (CBCA) is a global acquisition-based conglomerate targeting five primary industries: High-Tech Incubation, Drug Development, Entertainment/Media, Education, and Financial Services. The Company is based in the United States but is already operating globally through its subsidiary, WebCongress, Inc., and Company partners. Crown Baus seeks to add shareholder value through cross-industry synergies and strategic growth.
Forward Looking Statements
This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement containing words such as "anticipate," "seek," intend," "believe," "estimate," "expect," "project," "plan," or similar phrases may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the events or results anticipated by these forward-looking statements may not occur. Crown Baus Capital Corp. does not undertake any duty nor does it intend to update the results of these forward-looking statements.
Robert Kane, Director & CFO
SOURCE Crown Baus Capital