CAMARILLO, Calif., Oct. 14, 2016 /PRNewswire/ -- International Card Establishment (OTC: ICRD) a financial service provider for dispensaries wishes to update shareholders on current business plan and upcoming events.
Green Cush Card, the Company's wholly owned subsidiary, is in the final stage of production for its new closed loop system. The testing is being done under the guidance of a qualified independent technology based expert. A full report of the results will be broadcast to the shareholders, the public, and the media. There are over 100 dispensaries that have agreed to launch the unit at their business. Green Cush Card is a closed loop system that eliminates the need for cash while utilizing the overseas SBC bank for acquiring purchases. "There has been widespread interest in bringing the Green Cush Card closed loop system into many more dispensaries and once proven it will take the industry by storm," said CEO Bill Lopshire.
The company's core business is providing credit card processing, point of sale systems and online services for business providing legal and recreational marijuana across five states. The company started talks with three bitcoin companies in the last month to integrate bitcoin wallet and QR payments to its NetOne point of sales system. The company plans to finalize an agreement and will announce to shareholders once inked.
The company is currently working on an audit of all financials to bring the company current. "It is our goal to not only bring ICRD current but also uplist to OCQB by the end of the year and onwards and upwards from there," states CEO Bill Lopshire.
Aside from ICRD's core business model of providing financial services for the MJ sector the company is also in talks with two other companies for a potential merge-in or acquisition. The first is a company that has wide spread distribution for CBD oil at nationwide dispensaries as well as online. The second provides security and monitoring. The company wishes to expand and round out its current offerings and expect to be able to report on the status of these talks in the near future.
The company is finalizing a private equity placement bringing in an initial $750,000 for business activities and to help the company uplist while progressing the current business plan and expanding its offerings for the legal marijuana sector.
This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of International Card Establishment to be materially different from the statements made herein.
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SOURCE International Card Establishment, Inc.