LOS ANGELES, April 21, 2014 /PRNewswire/ -- TechnoConcepts,
Inc. (OTCMarkets/Pinksheets: TCPS) is pleased to announce that it
has narrowed its search for a law firm to represent it regarding
its current intellectual property portfolio, and will soon find an
effective use for the portfolio for the benefit of the Company's
shareholders.
Mr. Suarez, Chairman and CEO of TechnoConcepts, said, "Our
Company has had a lot of changes in the last several weeks. We are
excited about how we are developing as a company; with that said,
we recognize that the intellectual property portfolio we carry as
an asset of our Company is valuable and could be substantially more
valuable. With Mr. Aaron
McGeary as company counsel, we are ready to make some
effective decisions about our intellectual property. We will not
set aside the patents that the Company invested so much money in
over the years."
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 at OTCMarkets.com.
Disclaimer
TechnoConcepts, Inc. and Zimbali, Inc. provide 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. As of March 21, 2014, twenty states and the
District of Columbia allow its
citizens to use Medical Marijuana and voters in the states of
Colorado and Washington approved ballot measures to
legalize cannabis for adult use. The state laws are in conflict
with the federal Controlled Substances Act. The Obama
administration has effectively stated that it is not an efficient
use of resources to direct federal law enforcement agencies to
prosecute those lawfully abiding by state designated laws allowing
the use and distribution of medical marijuana. However, there is no
guarantee that the current administration, nor any future
administration, will not change this policy and decide to enforce
the federal laws strongly. Any such change in the federal
government's enforcement of current federal laws could cause
significant financial changes to the Company. While we do not
intend to harvest, distribute or sell cannabis or cannabis related
products, we may be harmed by a change in enforcement by Federal or
state governments.
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.