MediSwipe, Inc. Announces Corporate Name Change to "AgriTek Holdings, Inc." in Conjunction With Expansion of Business Model
May 20 2014 - 8:30AM
Marketwired
MediSwipe, Inc. Announces Corporate Name Change to "AgriTek
Holdings, Inc." in Conjunction With Expansion of Business Model
Trading to Begin at Open of Market on May 20, 2014, Under New
Symbol "AGTK"
LOS ANGELES,
CA--(Marketwired - May 20, 2014) - MediSwipe,
Inc. (www.MediSwipe.com) (OTCQB:
MWIP), a fully reporting company on the OTCQB, a leader in
the Compassionate Care Industry which provides business
banking solutions and wellness products to the medicinal marijuana
sector, today announced that, effective today, its corporate
name will change from MediSwipe Inc. to "Agritek Holdings, Inc."
The company's shares will start trading under its new name and
stock ticker symbol, "AGTK", effective as of market open on May
20th, 2014. The company's common stock has been assigned a new
CUSIP number of 00856J103 in connection with the name change.
Outstanding stock certificates are not affected by the name change
and will not need to be exchanged.
B. Michael Friedman, CEO of Agritek Holdings, Inc., stated,
"Over the course of the last several months, we have undertaken a
thorough evaluation of our business strategy within the medicinal
cannabis sector, with an eye toward increasing shareholder value.
As part of this process, we have sought additional capital,
eliminated bad debt and have implemented organizational and
personnel changes. Our recent land acquisitions and leases of real
estate and agricultural property management in Colorado and Florida
as well as our trademarked brand 'Mont Blunt' vaporizers and
e-cigarettes as separate divisions represent significant importance
to our overall business strategy. With multiple revenue streams in
several different areas of the sector, we felt the name of 'Agritek
Holdings' will more completely define and provide greater
recognition of who we are within this industry.
"It is my belief we have been both defined and limited by our
name MediSwipe, and identified only to the financial processing
side of this sector which in fact is only a piece of the true value
of our Company. Our plan is to have MediSwipe become a subsidiary
under Agritek Holdings, continuing our banking and merchant
processing services and utilizing the brand name while separating
the business results. We expect MediSwipe to contribute to
Agritek's overall success. With the right team and the right
product offerings now in place, we are now poised to execute on the
near-term opportunities that will provide the foundation for our
future growth and success. We look forward to starting this new
chapter and are proud to do so under a new name that completely
reflects our mission and value within the sector," further stated
Friedman.
About Agritek Holdings, Inc. Agritek Holdings Inc.
www.AgritekHoldings.com, the first fully reporting Company and
pioneer within the medicinal marijuana space, provides innovative
patient and agricultural solutions. The Company is a leader in
Compassionate Care Technology for the medicinal marijuana industry.
Agritek Holdings provides real estate management and health and
wellness product lines including its trademarked Mont Blunt ™,
vaporizer and e-cigarette line www.Montblunt.com.
Agritek Holdings does not directly grow, harvest, or 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 DISCLAIMER: This press release may contain
certain forward-looking statements and information, as defined
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934, and is subject
to the Safe Harbor created by those sections. This material
contains statements about expected future events and/or financial
results that are forward-looking in nature and subject to risks and
uncertainties. Such forward-looking statements by definition
involve risks, uncertainties and other factors, which may cause the
actual results, performance or achievements of Agritek Holdings,
Inc. to be materially different from the statements made herein.
Contact:
Agritek Holdings,
Inc. 561.249.6511www.agritekholdings.cominfo@agritekholdings.com
info@mediSwipe.com
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