LOS ANGELES, April 8, 2014 /PRNewswire/ -- TechnoConcepts, Inc. (OTCMarkets/Pinksheets: TCPS) is pleased to announce that it has signed a memorandum of terms to acquire Zimbali, Inc., a recently formed Nevada corporation, as well as the customer list of Zimbali Group, Inc., a Washington corporation, that is currently generating revenues.

Zimbali, Inc. of Nevada, as a recently formed company, is already generating revenues, and with the customer lists from the Washington corporation, additional revenues will be forthcoming.

Mr. Suarez, Chairman and CEO of TechnoConcepts, said, "We are very excited about our progress over the last ninety days. We are also pleased to announce that Mr. Aaron McGeary has agreed to represent TechnoConcepts, Inc. as company counsel. Our most important asset is our shareholders and every decision made is done to benefit them. We will not set aside the patents that the Company invested so much money in over the years. This memorandum of terms with Zimbali, Inc. of Nevada will benefit our shareholders in the immediate future and over the long term."

About TechnoConcepts, Inc.

TechnoConcepts, Inc. (OTCMarkets/Pinksheets: TCPS) is a wireless technology company currently holding patents and other intellectual property.  The Company is a Colorado company in good standing and its filings are available OTCMarkets.com.

Disclaimer

Zimbali, Inc. provides a comprehensive set of solutions to the regulated cannabis industry. Zimbali, Inc. does not grow, harvest, distribute or sell cannabis or any substances that violate United States law or the Controlled Substances Act, nor does it intend to do so in the future.

Forward-Looking Statements

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933, and are subject to Rule 3B-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and other results and further events could differ materially from those anticipated in such statements. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements.

SOURCE TechnoConcepts, Inc.