Zoned Properties Sells Note on Safford, Arizona Dispensary for 23.5% Gain in 3 Months

SCOTTSDALE, Arizona, March 12, 2014 /PRNewswire/ --

Zoned Properties, Inc. (OTC: ZDPY) http://www.zonedproperties.com, a lessor of land, facilities, and equipment to the medical marijuana market has announced that it has monetized the note on the Safford, Arizona dispensary location for an annualized return of almost 94%. The company says this is their first booked profit and should serve as a template for transactions of this kind going forward.

Zoned Properties, Inc. V.P. of Operations and Chief Sustainability Officer Bryan McLaren stated, "Although this was a relatively small transaction, the basis for it is representative of our company mission - finding uniquely zoned properties, acquiring them, and either leasing or selling them for a profit. We are happy to have booked a nice profit in such a short amount of time, and are focusing on moving on to larger regional markets that will provide potential for larger returns for our shareholders."

CEO Marc Brannigan added, "The Safford note transaction is something we are looking to do on a much grander scale. We are excited to have a template in place and a successful transaction already accomplished in short order. We were able to quickly get a return on our initial investment and are now going to focus on bigger transactions in the marketplace. In addition, we had concerns about the long-term profitability and prosperity of this particular dispensary."

About Zoned Properties[SM], Inc.:

Zoned Properties[SM], Inc. is a strategic real estate investment firm whose primary focus is acquiring commercial properties that face unique zoning challenges. Zoned Properties[SM], Inc. will acquire commercial properties zoned within a variety of usage types such as industrial, agricultural, as well as mixed use. Zoned Properties[SM], 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 continuation of recent growth rates in the industry; the positioning of Zoned Properties[SM], 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[SM], Inc. can successfully execute their business plan. Actual results may differ materially from those contained in the forward-looking statements in this press release.

Investor Contact Information:
Investor Relations
Zoned Properties, Inc.
Phone: +1-877-360-8839
Email: [email protected]

SOURCE Zoned Properties, Inc.