DENVER, May 12, 2015 /PRNewswire/ -- Last week, MassRoots (OTCQB: MSRT), overwhelmingly won the popular vote in Startup Alley at TechCrunch Disrupt; however, TechCrunch chose to use editorial discretion to over-rule the vote and prevent MassRoots from competing in the Startup Battlefield. Based on MassRoots' internal metrics, TechCrunch's editors disenfranchised more than 50% of the votes cast in the election.
Using #ReleasetheVote, cannabis enthusiasts around the world are demanding TechCrunch release the final vote tally of last Tuesday's election in Startup Alley. Over the past 12 hours, TechCrunch has received hundreds of Instagram comments and personal emails in support of MassRoots.
"As a press organization, TechCrunch should pride itself in transparency and fair reporting of the facts," stated MassRoots CEO Isaac Dietrich. "In America, when you have an election, you release the results."
Over 50 tech startups around the world paid $2,000 plus travel expenses to be part of Startup Alley and compete for the final spot in Startup Battlefield. Companies were allowed to use their social media channels to drive votes and all voters were required to sign in using a Facebook or Twitter profile. MassRoots expected to be the first cannabis-related company to compete in Startup Battlefield and committed to donating the $50,000 grand prize to legalization campaigns if they won the competition.
"By disenfranchising thousands of voters to cherry-pick the winner, TechCrunch's editors not only insulted the cannabis community, but every other company in Startup Alley that thought the votes they got actually mattered," stated MassRoots CEO Isaac Dietrich. "MassRoots received well over 5,000 votes in the election; TechCrunch chose a company to present that received less than 750 votes."
MassRoots is one of the largest and most active communities of cannabis consumers with 275,000 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 CNN, CNBC, Fortune, BBC, Cannabist and the New York Times. For more information, please visit Corporate.MassRoots.com.
This information does not constitute an offer to sell or a solicitation of an offer to buy securities or assets of MassRoots. All information presented herein with respect to the existing business and the historical operating results of MassRoots and estimates and projections as to future operations are based on materials prepared by the management of MassRoots and involve significant elements of subjective judgment and analysis which may or may not be correct. While the information provided herein is believed to be accurate and reliable, MassRoots makes no representations or warranties, expressed or implied, as to the accuracy or completeness of such information. In furnishing this information, MassRoots reserves the right to amend or replace some or all of the information herein at any time and undertakes no obligation to provide the recipient with access to any additional information. Nothing contained herein is or should be relied upon as a promise or representation as to the future.
Certain matters discussed in this announcement contain statements, estimates and projections about the growth of MassRoots' advertising business and our related advertising strategy. Such statements, estimates and projections may constitute forward-looking statements within the meaning of the federal securities laws. Important factors that could cause our actual results to differ materially from those anticipated by the statements made herein include, among others, the success of our advertising initiatives, the continued growth and engagement of our user base, and unforeseen technical or other problems or issues that could affect the performance of our products or our business. Further information on our risk factors is contained in our filings with the SEC, including our Registration Statement on Form S-1 filed with the SEC on August 26, 2014. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. Any forward-looking statement made by us herein speaks only as of the date on which it is made. 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.