LOS ANGELES, Sept. 12, 2014 /PRNewswire/
-- TechnoConcepts, Inc. (OTCMarkets/Pinksheets: TCPS), is
issuing the following important corporate update on the Company's
state of affairs and its choice to shift its focus away from the
Marijuana sector.
"The Company would like to notify investors that after
significant due diligence in entering the marijuana sector with a
supply company, we have decided that it is not in the best interest
for our company and for our shareholders to put the Company at risk
in the sector. The Marijuana sector as outlined by a recent SEC
bulletin clearly highlights the space as being unsafe and therefore
we do not want to entangle our Company within a sector facing so
much negative scrutiny. We continue to refine our intellectual
property portfolio and expect, in the near future, to acquire
additional intellectual property. The Company would therefore
like to retract our announcement on April 1,
2014 that announced entering the Marijuana sector. We are
not a Marijuana company, nor have we ever been," said Company
President Jose Suarez.
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.
Additional Information
For additional information, please contact Shareholder Services
at: (561) 254-3635
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 press 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.