Fortitude Group, Inc. (OTC: FRTD) Announces MAA Partnership With EviteXchange.com for the Marijuana Industry
February 24 2014 - 9:45AM
Marketwired
Fortitude Group, Inc. (OTC: FRTD) Announces MAA Partnership With
EviteXchange.com for the Marijuana Industry
ERIE, PA--(Marketwired - Feb 24, 2014) - Fortitude Group, Inc.
(OTC: FRTD) CEO Thomas J. Parilla is pleased to announce that on
February 22, 2014, the Company executed a Master Agent Agreement
with eViteXchange.com. Under the terms of the agreement, Fortitude
will offer and facilitate closed-loop transaction processing to
legal dispensaries in the medical marijuana industry as well as
provide processing for entities in states that have legalized
recreational marijuana sales.
Fortitude shall acquire from eViteXhange.com the URL's
420banc.com and 420cashcard.com. Both domains will be used as a
pre-paid platform allowing legal marijuana merchants customers to
process purchase transactions using a debit card vs. cash. The
private-label card will offer additional rewards and points to the
card holders which can be custom designed to fit their individual
likes and needs. Fortitude expects to derive approximately $155.00
annual profit per retail card user. The Company intends to launch
on March 17, 2014.
Thomas J. Parilla, CEO of Fortitude, stated, "The market for
prepaid products has been growing at a tremendous rate in the U.S.
over the past several years. With the recent changes to State laws
regarding the purchase and sell of marijuana, we see this as an
industry in its infancy. Our merchant products allow a retailer to
sell product while staying compliant with State and Local tax laws.
Our retail products allow for buyers to purchase cannabis while
being able to use the same card at traditional merchants via the
Discover card network. Our 420banc.com will be used for merchants
and the 420cashcard.com will be used for retail buyers."
About
Fortitude Group, Inc. is a diversified company with investments
in multiple sectors of the economy targeting joint ventures, wholly
owned subsidiaries and/or majority/minority positions that cross
various market segments with the goal of creating a quality company
that builds intrinsic value for its shareholders.
Forward Looking Statements
This press release contains forward-looking statements. Such
forward-looking statements are subject to a number of risks,
assumptions and uncertainties that could cause the Company's actual
results to differ materially from those projected in such
statements. Forward-looking statements speak only as of the date
made and are not guarantees of future performance. We undertake no
obligation to publicly revise any forward-looking statements.
Contact Fortitude Group, Inc. Investor Relations Phone:
888-531-4931 Email:
infofrtd@gmail.com
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