WESTMINSTER, Colo., Jan. 20, 2015 /PRNewswire/ -- Monarch America Inc. (OTCQB: BTFL) ("Monarch America" or the "Company") is pleased to announce that the Company has completed the acquisition of The Big Tomato, an established Denver area store, warehouse distribution facility, and hydroponics and indoor garden supplier. Following the completion of the merger agreement, The Big Tomato, Inc. is a wholly-owned subsidiary of Monarch America, Inc.
"The successful completion of The Big Tomato acquisition is an important milestone for the Company and for all its stakeholders," stated Eric Hagen, CEO of Monarch America Inc. "The Big Tomato's established operations, recognized brand, and well-respected team of experts will each play key roles in our focused growth strategy going-forward."
"With the acquisition complete, we can move ahead with our plans to expand The Big Tomato brick-and-mortar operations into other Colorado areas and also into other U.S. states that have demonstrated growing demand for hydroponics and indoor garden products, services, and technical expertise. Possible areas in Colorado, California, Oregon, and Florida are being considered for potential future The Big Tomato brick-and-mortar location development."
Hagen concluded, "The potential benefits and synergies created by this acquisition extend far beyond the expansion of The Big Tomato business into new territories, but also provides us with a platform to identify new products and opportunities, launch new and existing Monarch America brand retail and commercial products, and accelerate our property development, management, and consulting services division into many new possible areas. I look forward to working with The Big Tomato team to advance all of these corporate objectives in the near future."
About The Big Tomato, Inc.
The Big Tomato, Inc., a wholly-owned subsidiary of Monarch America, Inc. (OTCQB: BTFL), is a leading supplier of hydroponics & indoor gardening supplies for Denver, Colorado and the surrounding communities since May of 2001. The Big Tomato provides thousands of indoor gardeners and commercial growers with top quality hydroponic supplies at the best prices. Every one of our sales staff members is an experienced grower that is happy to help service your needs and answer any questions that you might have. We sell various types of products to include indoor gardening products, grow boxes, grow lights, hydroponic systems, ballasts, bulbs, nutrients and additives, and other high end hydroponic and gardening items.
Monarch America Inc. files reports with the Securities & Exchange Commission on EDGAR and anticipates continuing to file such reports. The Company's filings can be viewed at www.sec.gov.
Cautionary Language Concerning Forward-Looking Statements
Statements in this press release may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "anticipate", "believe", "estimate", "expect", "intend", and similar expressions, as they relate to the company or its management, identify forward-looking statements. These statements are based on current expectations, estimates and projections about the company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above and those risks discussed from time to time in Monarch America Inc.'s (f/k/a Cannabis Kinetics Corp.) filings with the Securities & Exchange Commission. As a reporting issuer with the Securities & Exchange Commission, Monarch America Inc. files Quarterly and Annual Reports and other documents on EDGAR. We strongly urge all persons to read our filings at www.sec.gov, which are publicly available, in conjunction with this press release as we are in a highly regulated industry that requires thorough research prior to making any decision regarding a company, particularly an investment decision. In addition, such statements could be affected by risks and uncertainties related to Monarch America Inc.'s (i) product demand, market and customer acceptance of its equipment and other goods, (ii) ability to obtain financing to expand its operations, (iii) ability to attract qualified management representatives, (iv) competition, pricing and development difficulties, (v) ability to fully implement our business plan as a result of being a reporting issuer with the Securities and Exchange Commission, and (vi) general industry and market conditions and growth rates and general economic conditions. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company cautions readers not to place undue reliance on such statements. Monarch America Inc. does not undertake, and specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement. Actual results may differ materially from Monarch America Inc. expectations and estimates. Information on Monarch America Inc.'s website does not constitute a part of this release.
SOURCE Monarch America Inc.