ORANGEBURG, New York, March 10, 2014 /PRNewswire/ --
OSL Holdings Inc. (http://www.oslholdings.com), (OTCQB: OSLH) ("OSL" or the "Company"), a technology company, announced today its entry into the legal marijuana market. OSL Holdings has contracted with one of the oldest legal medical marijuana dispensaries in California, The Natural Way of LA, to develop marijuana production facilities in California. OSL intends to form a separate subsidiary to create production facilities in states that presently have legal medical marijuana dispensaries and also position itself to accommodate the growing recreational markets in Colorado and Washington and elsewhere as legal recreational markets emerge. OSL intends to spin off that subsidiary to its existing shareholders after complying with necessary SEC filings and procedures.
In addition, The Natural Way of LA has executed a marketing agreement with the Equality Rewards division of OSL committing to participate in Equality Rewards.
Steve Gormley, President of Equality Rewards, said, "We are excited to extend Equality Rewards into the legal medical marijuana market in California. We look forward to participating in the "Green Rush" that is sweeping the nation and are positioned to support the legal recreational markets as they emerge."
Matthew Cohen and Anthony Tucci of the Natural Way of LA, and their team of industry experts contribute complete vertical experience in the legal marijuana market. Bob Rothenberg, CEO of OSL Holdings said," We are enthused with our new partnership and the ability to leverage our data, marketing and business operations expertise in a new and burgeoning market."Matthew Cohen added, "We believe that there is tremendous synergy between our visions and overlap in our markets. OSL's focused marketing and other resources will be invaluable in expanding our vision of a nationwide high end legal marijuana brand."
OSL Holdings' shareholders will be able to participate in both the burgeoning LGBT markets as well as the highly publicized "Green Rush"; two movements that are sweeping the nation and capturing dollars from the socially conscious affluent markets.
Forward-Looking Safe Harbor Statement:
This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases you can identify those so-called "forward looking statements" by words such as "may," "will," "should," "expects," plans," "targets," "believes," "anticipates," "estimates," "predicts," "potential," or "continue" or the negative of those words and other comparable words. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. There are a number of factors, risks and uncertainties that could cause actual results and developments to differ materially from forecasted results. For a discussion of these factors, risks and uncertainties please see our filings with the Securities and Exchange Commission. Our public filings with the Commission are available from commercial document retrieval services and at the website maintained by the Securities and Exchange Commission at http://www.sec.gov. We assume no obligation to update or alter our forward-looking statements made in this release or in any periodic report filed by us under the Securities Exchange Act of 1934 or any other document, whether as a result of new information, future events or otherwise, except as otherwise required by applicable federal securities laws.
SOURCE OSL Holdings Inc.