United Treatment Centers Inc. Completes Reverse Merger With www.potnetwork420.com
February 05 2014 - 08:15AM
Marketwired
United Treatment Centers Inc. Completes Reverse Merger With
www.potnetwork420.com
Charles Vaccaro CEO of United Treatment Centers Inc Announced
Today That They Have Completed a Reverse Merger With RedTruckSEO
DBA www.potnetwork420.com a Digital Media Company Focusing
Exclusively in the Marijuana Industry
NEW YORK, NY--(Marketwired - Feb 5, 2014) - United
Treatment Centers Inc. (OTC Pink: UTRM): United Treatment Centers
Inc announces a reverse acquisition with RedTruckSEO Inc.
RedTruckSEO Inc DBA www.potnetwork420.com is a digital media
company focusing exclusively on the Marijuana industry. Charles
Vaccaro CEO of United Treatment Centers said "As I previously
announced in December 2013, we were seeking a company to acquire
UTRM and to spin off Element Trading as its own public company in
an effort to increase shareholder value. I believe I have delivered
on that promise and I am very optimistic in the future of UTRM. I
will remain President of Element Trading Technologies while
Christopher Seminatore will be President and CEO of UTRM effective
immediately. I will continue with our plans to spin off Element
Trading and I hope to have that transaction completed as soon as
possible. Element will continue to execute their business plan and
offer active traders the resources needed to compete in today's
financial markets. I have full confidence in the management team of
www.potnetwork420.com to deliver on their business plan and become
the "go to" news source for the Marijuana industry. I can see
potnetwork420.com quickly becoming what TheStreet.com is to the
financial community"
Your Source for Marijuana News Network420 is designed to be the
CNN™ of the marijuana industry. Live daily coverage will keep the
viewer updated on breaking news. The Internet-based broadcast will
quickly establish itself as an information hub. From crop reports
to stock reports, viewers will have up to the minute analysis.
Additionally, marijuana related industries will have a capable
outlet to market products and services. Estimates from the US
Government's Substance Abuse and Mental Health Data Archive
(SAMHDA)1 reveal that over 40% of adults have tried or currently
use marijuana. That's an estimated 95 million people in the United
States. Currently, traditional marketing channels such as radio and
television do not allow marijuana based businesses to advertise. By
providing daily internet video and written content from studios
based in Los Angeles, California, Network420 will capture viewer
interest in marijuana and provide marketing opportunities for
businesses.
1
http://www.opposingviews.com/i/gov-t-stats-reveal-demographics-of-adult-marijuana-users#
The Marijuana Industry is Exploding Speculation in the marijuana
industry has exploded since Colorado and Washington voters
legalized sales for recreational use to anyone 21 years and older.
Hour long lines formed when Colorado shops selling pot opened on
Jan. 1, 2014. A total of 20 states, including California and
Massachusetts, now allow the medical use of marijuana, and New York
may be next under a plan announced by Governor Andrew Cuomo.
ArcView Consultants project the market for legal marijuana will
grow to $2.34 billion in 2014.
"Every day, more and more people realize that cannabis will be
legal and that it will be the next great American industry, and so
they're placing their bets," says Troy Dayton, ArcView's CEO. "The
question is when, how, and who. The who is largely being decided
right now."
Legislative reforms for legalization of marijuana are also
galvanizing stock market investors. Some of the biggest percentage
gains in the market this year are being harvested by investors
speculating on marijuana penny stocks.
Federal laws are changing in the classification of marijuana as
an illegal substance, the U.S. Justice Department said in August
that it wouldn't challenge the legalization laws in Washington and
Colorado, provided the states prevent out-of-state distribution,
access to minors, and drugged driving, among other things.
Content is King
"Content is where I expect much of the real money will be
made on the Internet, just as it was in broadcasting.
The television revolution that began half a century ago
spawned a number of industries, including the manufacturing of TV
sets, but the long-term winners were those who used the medium to
deliver information and entertainment." -Bill Gates
Network420 is positioned to be the worldwide marijuana content
provider. By utilizing YouTube© broadcast technologies, the station
will have global reach. Network420 will utilize the "CNN-style"
television format, with two anchors reporting on the latest
financial and legal developments.
Other examples of content include;
- New Product Development
- Product Availability in different States
- Product Quality Analysis by Growers
- Where it can be purchased in particular states
- Rules of use and transport
- Interviews with CEOs of publicly trading marijuana stocks
- Marijuana market reports and analysis
- Interviews with attorneys who are well-versed in marijuana
related issues
- Celebrities supporting marijuana related causes
- Informational videos featuring all aspects of cultivation
- General news and updates on the marijuana industry
- Farming reports
- Price analysis
Revenues Revenues will be generated through the classic
advertising model. As stated, marijuana-related businesses are
cash-rich but cannot advertise through traditional channels such as
television or radio. The 420Network will enable these businesses to
get their products in front of a targeted demographic.
Spot Model Advertisers will purchase 30-60 second spots as per
traditional television advertising.
Infomercial Model Advertisers will have an opportunity to
conduct interviews and create awareness. Exciting financial
opportunities or product developments lend themselves well to the
on-air style.
Retail Sales The website will feature discounts for viewers on
various product lines. Additionally Network420 plans to "white
label' various products that meet the standard of the trusted
brand.
Bulletin Board Premium members with a subscription will have
access to growers and dispensaries. Daily pricing, strain
availability and harvest information will link sellers to
buyers
Website Advertising Businesses will have the opportunity to
purchase prime real estate on the Network420 website.
Events Network420 will coordinate and publicize various
marijuana related events throughout the year.
Operations Operations will be headed up by RedTruckSEO, an
advanced digital marketing firm with current Fortune 500 clients.
The Company will be responsible for streaming video technology
website design and SEO applications. A small staff of writers has
been obtained to develop the daily content. Two on-air
personalities will be selected through a casting process.
The live broadcast studio will be based in Los Angeles,
California. The 420Network internet channel will host one hour of
live programming each weekday. The Company plans to extend live
programming schedules with the growth of viewership and sales
revenues.
The sales floor will also be located in the same facility. A
trained sales force will be actively calling on prospects for
advertising and sponsorship opportunities.
"Safe Harbor Statement" under the Private Securities Litigation
Reform Act of 1995. This press release contains forward-looking
statements that involve risks and uncertainties. The statements in
the Release are forward-looking statements that are made pursuant
to safe harbor provision of the Private Securities Litigation
Reform Act of 1995. Actual results, events and performance could
vary materially from those contemplated by these forward-looking
statements.
Investor Relations Contact Information United Treatment Centers
Inc. Andrew Austin 858-537-7439
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