CORAL SPRINGS, Fla.,
Feb. 10, 2014 /PRNewswire/
-- Cyber Kiosk Solutions, Inc. (OTC Pink: CYBK) has
signed its first agreement with a Company in the marijuana industry
named Tranzbyte Corporation (OTC Pink: ERBB) to use our Proprietary
Age/id verification and fraud prevention software in their vending
kiosks.
CYBK's proprietary software was developed specifically for the
legalized marijuana industry. Another similar version of the
software from the developer is currently being used in the alcohol
and pharmaceutical industry at over 6,000 locations. CYBK
recognized the strength of this product from the developer and
seized the opportunity to implement a similar software product in
the legalized marijuana sector. Cyber Kiosk Solutions expects
their software to be one of the first software products to be
endorsed by the States to aide in the control and responsible sale
of marijuana products. Once the software is live and in
successful use, CYBK expects other States to follow.
"The Company's end goal is for the States that have legalized
marijuana sales to adopt the use of our software as a standard of
control within the legalized marijuana industry," states CYBK's
Chief Operating Officer Oren
Manelis. He further states, "It is about positioning
the Company with a 'first in' advantage by offering a much needed
checks and balances software product for the largest, most
explosive industry."
Other Company news:
The Company and its CEO have agreed to exchange the CEO's 65
million preferred shares back to common and restrict the newly
exchanged common shares for more than a year. The CEO's preferred
shares were due to come off restriction next month. CYBK's CEO made
the offer and the Company has agreed, to restrict the 65 million
common shares until July 1, 2015. The
Company raised the authorized shares amount to 200 million to make
room for the preferred to common restricted share exchange and for
acquisitions/developments in the legalized marijuana industry and
other verticals. The Company's CEO states "Exchanging the 65
million shares back to Common and restricting them until
July 1, 2015 is the right move for
the Company. I am willing to do what it takes to help make our
Company successful and increase shareholder value."
The Company has other exciting developments in the legalized
marijuana industry to announce in the coming weeks that will
strongly position CYBK in the most important area of the legalized
marijuana industry.
Progress updates on other business verticals within the company
is expected to be released in the coming weeks.
The foregoing press announcement contains forward-looking
statements that can be identified by such terminology such as
"believes," "expects," "potential," "plans," "suggests," "may,"
"should," "could," "intends," or similar expressions. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results
to be materially different from any future results, performance or
achievements expressed or implied by such statements. In
particular, management's expectations could be affected by, among
other things, uncertainties relating to our success in completing
acquisitions, financing our operations, entering into strategic
partnerships, engaging management and other matters disclosed by us
in our public filings from time to time. Forward-looking statements
speak only as to the date they are made. The Company does not
undertake to update forward-looking statements to reflect
circumstances or events that occur after the date the
forward-looking statements are made.
CONTACT:
Chris Clarke
investor@cyber-thingy.com
954-509-3748
SOURCE Cyber Kiosk Solutions, Inc.