Scottsdale, AZ -- November 30, 2016 -- InvestorsHub NewsWire --
NOHO, Inc., a Wyoming corporation (the Company) announced the
following:
DRNK
CLOSES ACQUISITION OF 1TAPP - A MOBILE WEB APPLICATION DESIGNED TO
SERVICE THE CANNABIS INDUSTRY
The Company has completed an asset purchase agreement to acquire
1Tapp from The Weaver Group, LLC, a mobile web application.
The transaction was accomplished using a portion of the newly
converted preferred stock already issued to the insider
shareholders and there will be no dilution to the common
shareholders.
1Tapp is the Companys new mobile web app that
optimizes user interaction by providing an ease-of-use interface
for customers to engage with the cannabis retail sector. The
app allows customers to access and receive up to date information
such as,
- Product promotions
- Rewards programs
- Gift cards
- Daily specials
- Store events
- Direct customer inquiry
- Pricing and new products
1Tapp gives cannabis dispensaries the ability to market directly
to both patients and customers through a cost-effective web-based
app.
CEO David Mersky, Chief Executive Officer of NOHO, Inc.
commented, "This marks an enormous breakthrough in the Marijuana
industry as dispensaries will no longer have to rely on stale
directory sites that effectively prevent individual branding and do
not provide metrics and user data. Dispensaries will now be
able to take ownership of their own sales funnel, design their own
engagement campaigns and compile their own customer data.
"To facilitate our marketing plans for the 1TAPP app," continued
CEO David Mersky, "We are opening a new state of the art telephone
sales operation in Phoenix, AZ, located in the prestigious Biltmore
area in January, 2017.
Currently, through our subsidiary, Meda360 Licensing, Inc., we
are nearing completion of our proof of concept in Arizona, where we
have 120 host sights installed, featuring the Companys digital
signage and media technology. The point of sale model will
serve as the base for the Company to offer 1Tapp and other services
as part of a larger suite of products, all designed for the small
business to enhance customer engagement.
Finally, it gives me great pleasure to report that this model
will be rolled out nationwide. We look forward to announcing
updates as developments occur.
The Company has authorized its counsel to effectuate a name
change from NOHO, Inc. to IMBUTEK Corporation, seeking to trade
under the new proposed symbol of IMTK, or if not available then
IUTK or IBTK. This change is intended to more accurately
reflect the nature of the Companys core advertising technology
business. Until that process is completed, the stock will
continue to trade under its current symbol: DRNK.
Safe Harbor for Forward-looking Statements:
This news release may contain forward-looking statements that are
made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. While these statements
are made to convey to the public the companys progress, business
opportunities and growth prospects, they are based on managements
current beliefs and assumptions as to future events. However, since
the companys operations and business prospects are always subject
to risk and uncertainties, the forward-looking events and
circumstances discussed in this news release might not occur, and
actual results could differ materially from those described,
anticipated or implied. For a more complete discussion of such
risks and uncertainties, please refer to the company's filings with
the Securities and Exchange Commission.
CONTACT:
Investor/Media Contact:
Phillip Sugarman
Investor Relations Partners
818-280-6800