DENVER, Sept. 8, 2016 /PRNewswire/ -- MassRoots, Inc. (OTCQB:MSRT), one of the largest and fastest growing technology platforms for the cannabis industry, is pleased to announce Steve Markowitz has joined its Board of Advisors. From 1996 to November 2000, Mr. Markowitz served as Chairman and Chief Executive Officer of MyPoints.com, Inc., leading its growth from zero to 16 million consumer members, scaling annual revenues to $64 million, and closing a $211 million secondary offering. Under Markowitz's direction, MyPoints.com listed on Nasdaq in August 1999 and achieved a peak market value of $2.3 billion.
"For the past year, my singular investment focus has been the regulated cannabis industry in the United States and Canada. This is reported to be the fastest growing industry in North America, and it is clearly poised for hyper-growth," Markowitz said. "MassRoots is well positioned as one of the leading consumer apps in the sector and has the opportunity to dominate the demand-side of the market. I subscribed to MassRoots' secondary offering earlier this summer and am eager to leverage my background in consumer technology and loyalty programs to help take the company to the next level."
MassRoots is one of the largest and most active technology platforms for cannabis consumers, businesses and activists with over 900,000 registered users. It is proud to be affiliated with the leading organizations in the cannabis industry, including the ArcView Group and National Cannabis Industry Association. MassRoots has been covered by Fox Business, CNBC, Fortune, Denver Post, and The Financial Times. For more information, please visit MassRoots.com/Investors.
Certain matters discussed in this announcement contain statements, estimates and projections about the growth of MassRoots' business, potential partnerships, new features, and related business strategy. Such statements, estimates and projections may constitute forward-looking statements within the meaning of the federal securities laws. Factors or events that could cause our actual results to differ may emerge from time to time. MassRoots undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The recipient of this information is cautioned not to place undue reliance on forward-looking statements.
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SOURCE MassRoots, Inc.