SCOTTSDALE, Arizona, January 9, 2014 /PRNewswire/ --
Zoned Properties, Inc. (OTC: ZDPY) http://www.zonedproperties.com, a lessor of land, facilities and equipment to the medical marijuana market in Arizona has issued a shareholder update in regards to present and future projects.
The following is a summary of what has happened with the company recently and what their short, intermediate and long-term goals are.
Vanguard Minerals is now Zoned Properties, Inc. The trading symbol has been changed to ZDPY. The company's shares were up-listed from limited to current status. The entire management team has been changed and the company is no longer involved in mineral exploration. Zoned Properties, Inc. is a reinvented company with an entirely new focus, one that Zoned Properties, Inc. believes will deliver company shareholders great value in the coming weeks, months and years.
Zoned Properties, Inc. is currently focused on acquiring hard to find property that can be specially zoned for medical marijuana cultivation facilities and dispensaries. Currently the company is in late stage negotiations to acquire properties in Arizona, but has plans to move into the Nevada and New Mexico markets as well over the intermediate term.
"Zoned Properties, Inc. has spent a great deal of time identifying certain properties that can be zoned for dispensaries and cultivation and has moved ahead to acquire the ones that we believe will be of most value," stated Marc Brannigan, CEO of Zoned Properties, Inc. "We expect to update shareholders in great detail on these activities as soon as we have definitive agreements in place."
Zoned Properties, Inc. believes it is uniquely positioned in an industry that is growing as fast as any in the world. Mr. Brannigan added "We are planning to be a pure real estate play in this arena, one of the very few that will have hard assets unlike so many publicly traded companies in the space. Our tenants will be paying very high lease rates being that space for these operations is few and far between, highly sought after and very difficult to find in the states we are focusing on. We believe that when investors see a long term recurring revenue stream from commercial operations, Zoned Properties, Inc. will be known as an innovator and leader in the space."
Zoned Properties, Inc. would also like to announce at this time that they have begun the search for new board members and other key management that can take the company to the next level. Zoned Properties, Inc. is already in the process of vetting potential candidates for these positions and will update shareholders when final decisions are made.
About Zoned Properties, Inc.:
Zoned Properties, Inc. is a strategic real estate investment firm whose primary focus is acquiring commercial properties that face unique zoning challenges. Zoned Properties, Inc. will acquire commercial properties zoned within a variety of usage types such as industrial, agricultural, as well as mixed use. Zoned Properties, Inc. also targets commercial properties that can be acquired and potentially re-zoned for specific purposes.
For more information please visit http://www.zonedproperties.com
FORWARD-LOOKING STATEMENT AND DISCLOSURE: This press release contains forward-looking statements, including expected industry patterns and other financial and business results that involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. Such risk factors include, among others: the sustainability of recent growth rates in the industry; the positioning of Zoned Properties, Inc. in the market; ability to integrate acquired properties and technology; ability to retain key employees; ability to successfully combine product offerings and customer acceptance of combined products; general market conditions, fluctuations in currency exchange rates, changes to operating systems and product strategy by vendors of operating systems; and whether Zoned Properties, Inc. can successfully execute their business plan. Actual results may differ materially from those contained in the forward-looking statements in this press release.
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SOURCE Zoned Properties, Inc.