CORAL SPRINGS, Fla.,
March 5, 2014 /PRNewswire/ -- Cyber
Kiosk Solutions, Inc. (OTC Pink: CYBK), hereafter referred to as
the "Company" or "CYBK" is pleased to announce that the Company has
taken steps to create multiple streams of revenue by
leveraging off the Company's relationships in the legalized
marijuana industry.
The Company has received commitments from 10 dispensaries across
Colorado and New Jersey through its relationship marketing
efforts and expects to grow that number significantly throughout
2014. In addition to the dispensaries agreeing to test and
use the Company's software and mobile e-wallet consumer ordering
app in the near future, they have also agreed to place marijuana
kiosks and sell other products over the counter supplied by
CYBK. The Company has identified two companies and is in the
process of securing Master Distribution Rights and online exclusive
sales agreements with the two companies. News and details of
the products and agreements are expected to be released within the
next 3 weeks.
The Company's consumer e-wallet ordering app will connect smart
phone users to the Company's age/ID verification software and allow
them to review the dispensaries different products and allow them
to pay for them through the mobile app when that service becomes
100% legal. The Company expects this portion of revenues to
be the largest of all revenue streams due to transactional and
processing revenues of all the dispensaries mobile app customers.
The Company's focus is to aggressively expand the app user base
into all legalized marijuana states.
Revenue projections for CYBK's business vertical in the
legalized marijuana industry, 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.