CORAL SPRINGS, Fla., April 15, 2014 /PRNewswire/ -- Cyber Kiosk Solutions, Inc. (OTC Pink: CYBK), hereafter referred to as the "Company" or "CYBK" is pleased to announce that the Company has formed a Strategic Advisory Committee to navigate its expansion into the legalized marijuana industry and has named the head of LegalizePot.us, Inc. management team, Steven (Steve) Machat, its first Committee member. This move follows its announcement last month of commitments from 11 dispensaries across Colorado and New Jersey.
Steve Machat, management head of LegalizePot.us, Inc., an organization proudly committed to serving as the people's portal to the legalization and production of all things derived from cannabis and hemp, brings to the new committee a keen understanding of the marijuana industry. His organization collects and disseminates news and events on everything cannabis and hemp related, as well as focuses on the procurement of warehouses and permits for medical marijuana and recreational marijuana grows and dispensaries throughout the United States and other parts of the world where Cannabis and Hemp are legal to cultivate and dispense. In addition, it promotes the legalization of marijuana through its entertainment and arts. Its first album, "Legalize It! Vol. 1: It's Natural!" features 18 songs from artists including Snoop Dogg with Flip It, Johnny Dread, and Ellen Bukstel. For more information, please visit legalizepot.us.
In addition to efforts with LegalizePot.us, Steve has a political background going back to Jimmy Carter and has been an active partner at his firm Machat & Machat in New York City, representing and litigating on behalf of a vast array of major entertainment icons such as the Rolling Stones, Dick Clark, Pink Floyd, Gianni Versace, Mickie Mantle and Lou Reed just to name a few. Over the past several years, he has represented artists in over 100 nations, including ELO. Genesis, Phil Collins, Peter Gabriel, Phil Spector, New Edition to Bobby Brown. From Seal with Adamski to the Brand New Heavies, he has worked and produced music with members of Wu-Tang, Bone Thugs-n-Harmony, Death Row Records with Snoop, Daz and Kurupt. He has also produced several movies and soundtracks, and had a number of one-hit wonders.
Steve holds a BBA from the University of Miami and a JD degree from Vanderbilt. He teaches at the Miami Art Institute and is on the Board of Directors for the Miami-based MOSKA Foundation.
Chris Clarke commented, "We couldn't be more thrilled to have Steve join our newly formed Strategic Advisory Board at this important juncture. The man is well rounded. Steve even worked in the oil gas and software industry negotiating and closing deals around our globe. As announced last month, we are actively expanding into the legalized marijuana – beginning in Colorado and New Jersey. Steve will be instrumental in providing us with the key introductions in areas of sports, music, entertainment, and legalized marijuana industries needed to foster expansion, and in strategizing with our C-level executives on how best to navigate the market – from both an industry standpoint and a legal standpoint."
The Company's consumer e-wallet ordering app will connect smart phone users to the Company's age/ID verification software and allow them to review the dispensaries different products and allow them to pay for them through the mobile app when that service becomes 100% legal. The Company expects this portion of revenues to be the largest of all revenue streams due to transactional and processing revenues of all the dispensaries mobile app customers. The Company's focus is to aggressively expand the app user base into all legalized marijuana states.
About Cyber Kiosk Solutions, Inc.:
Cyber Kiosk Solutions, Inc. (CYBK) has moved into several business vertical integrations and markets. The business verticals are; digital media, software and mobile application development, tablet POS systems and payment processing and merchandising and licensing of various unique products.
The Company has entered the legalized marijuana industry with its main focus on mobile apps, software integration and products to help aide in the responsible control measures that are expected to be implemented by various State and Government agencies throughout the next several years. The business plan is to work with dispensaries and various agencies to offer the Company's software and control measure products to aide in the responsible use of legalized marijuana. CYBK expects to position itself for credit card processing and will only turn on that feature in its mobile app after marijuana is removed from the federal government's controlled substance list and the laws allow for such transactions to take place legally.
CYBK has developed a unique closed loop products branding, licensing and launching distribution system that sets the Company ahead of the marketplace. The Company's use of its digital media platform will create additional exposure for its licensed and branded products.
CYBK is in the process of becoming the official and/or exclusive sales and marketing representative for several branded and unbranded products. CYBK seeks to purchase in whole or in part the companies that own these products. CYBK is looking to offer its products and services for sale on a global level.
The foregoing press announcement contains forward-looking statements that can be identified by such terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. In particular, management's expectations could be affected by, among other things, uncertainties relating to our success in completing acquisitions, financing our operations, entering into strategic partnerships, engaging management and other matters disclosed by us in our public filings from time to time. Forward-looking statements speak only as to the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
Chris Clarke [email protected]
SOURCE Cyber Kiosk Solutions, Inc.