LOS ANGELES, March 25, 2014 /PRNewswire/ -- Verde Media
Group Inc. (OTC: VMGI) announces scheduled inspections have
taken place on time to close the P&S agreement by its
Diversified Agency Division (VDAD) in Denver, Colorado. The property at 795 S.
Jason Street is a 6,000 square foot industrial space that will
house Verde's first partnered, OPC growing facility operated by
master grower, Ryan McGowan.
VDAD entered into a term sheet agreement with Mr. McGowan for
the property on February
27th, and is moving forward with site preparation
and permitting. To date, the property has passed multiple
inspections for its use as a large-scale horticultural space.
The company received its Phase I Environmental Assessment and
property site plan by the architect for applicable zoning permit.
The HVAC, major utilities including the electrical system's
amperage and power load have been verified, and the roof structures
have passed inspection.
About Verde Media Group Inc.
Verde Media Group Inc. is
a publicly traded company listed on the OTC Markets trading under
the stock symbol: VMGI. Verde Media Group Inc. The
company consists of three divisions:
Agency Division- The innovative Agency division services-
public relations, marketing, and transaction functions for
corporate clientele. The agency is rapidly expanding its
business in the Denver, Colorado
market that will become the largest retail marijuana sector
currently legitimized.
BioTech Division- The VMBD division undertakes the business of
developing and producing high value bio-products from renewable
biomass. The focus and criterion is to develop proprietary
microbial technologies with low risk scale-up methods employing low
cost feedstock. VMBD will further develop the derivative and
ester forms of THC for increase potency and their use in different
delivery systems, including sublingual, inhaled dosage forms and
blending with food products.
Entertainment Division- The company operates a managed
media company with production, distribution, development, and
acquisition functions for film and television.
For more information, visit www.verdemediagroup.com, or connect
with the company on Facebook. Twitter- @Verdemediagroup
DISCLAIMER: CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING
STATEMENTS
The results described herein cannot be guaranteed. This release
contains "forward-looking statements" within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E the
Securities Exchange Act of 1934, as amended and such
forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Statements in this news release other than statements of historical
fact are "forward-looking statements" that are based on current
expectations and assumptions.
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SOURCE Verde Media Group Inc.