CORRECTION: Rostock Ventures Corp. to Focus on Next Generation Mobile Platform That Fuses Interactive Social Media & Local Ma...
January 31 2014 - 9:05AM
Marketwired
CORRECTION: Rostock Ventures Corp. to Focus on Next Generation
Mobile Platform That Fuses Interactive Social Media and Local
Marijuana Commerce
SAN DIEGO, CALIFORNIA--(Marketwired - Jan 31, 2014) - The
following corrects and replaces the release sent on Jan 31, 2014 @
03:01 ET. The incorrect body of the release was sent in error by
Marketwired.
Rostock Ventures Corp. (OTCBB:ROSV) (the "Company"). "Due to the
high interest by investors in the marijuana industry combined with
social media, we are implementing a corporate pivot, and taking an
exciting new approach to our business going forward. We will be
implementing a business model that will be centered on
marijuana/social media and local e-commerce." Stated Rostock
Ventures Corp. President Gregory Rotelli, "We are currently
assembling a management team to launch the platform that takes
social media and local e-commerce to a new level. In fact, we are
taking social media/marijuana industry to more interactive levels
which I feel is poised for success."
With many states now legalizing marijuana by stating the drug is no
more dangerous than alcohol, and by citing that support for both
Washington and Colorado's recent legalization of marijuana. The
potential seems to suggest that the nationwide legalization would
put Rostock in a position to be poised for success.
Recently the company's Board of Directors has voted to initiate a
5-for-1 forward split of the Company's common shares payable to our
shareholders of record. At this time the Board has not selected the
record date to implement the forward stock split, but once a final
record date is established, it will be announced. The Company
anticipates that the forward stock split will occur early in 2014.
Once we have implemented the 5-for-1 forward stock split, the
Company's common stock will begin trading on a split-adjusted basis
and the shareholders of record as of the selected record date will
then own five shares for every one share previously owned. For
example, if you owned 50,000 shares at the close of the record date
you will be entitled to 250,000 shares after the split occurs.
Presently the Company has approximately 41,000,000 shares of its
common stock issued and outstanding giving the company a market cap
of just over $1 million currently. The Board and management feel
that forward splitting the shares will increase liquidity in the
Company which will give our shareholders added value and thus
enable the Company to seek potential new projects.
Forward-looking Statements:
Some of the statements contained in this press release are
forward-looking statements which involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the company, or industry results, to
be materially different from any future results, performance or
achievements expressed or implied by such forward looking
statements, including the risks and uncertainties related to the
progress, timing, cost, and results of exploration programs;
competition from other exploration or mining companies; and the
company's ability to obtain additional funding required to conduct
in exploration activities. Please refer to the company's filings
with the Securities and Exchange Commission for a comprehensive
list of risk factors that could cause actual results, performance
or achievements of the company to differ materially from those
expressed or implied in such forward looking statements. The
company undertakes no obligation to update or revise any
forward-looking statements.
Rostock Ventures Corp.Gregory
RotelliPresidentRostockventures@gmail.com
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