DENVER, CO-(NewMediaWire - Jun 30, 2017) - Ubiquitech Software
Corp. (OTC PINK: UBQU), through its subsidiary HempLife
Today™, an innovative and growing Company offering the finest CBD
(Cannabidiol) products derived from Hemp, is updating shareholders
on recent developments and clarifying information relative to its
debt structure and name change.
As outlined in the company financial statements uploaded to
OTCMarkets.com, the company has long term convertible debt from
several investors that helped the company launch its business
during 2013 and 2014. These debt instruments are convertible
at the company par value. These investors have the right to
convert stock from time to time at their discretion but are limited
as to their percentage ownership in the company. The company
also has the right to pay down portions of this debt at its
discretion. As previously announced, the company has paid down a
portion of this debt and will continue to do so as business
conditions allow. The company continues to focus its efforts
on growing its revenues and earnings and will continue to utilize
its resources appropriately for the benefit of all shareholders and
the long-term growth of the company. Any changes in the capital
structure will be disclosed in the company quarterly and annual
reports as required.
The company had previously announced that it was working on a
name and symbol change in order to reflect the Company as being
solely in the Hemp sector. However, after recent developments
and several emerging new opportunities in the Technology Sector,
and related to the Company's internal marketing and technology
platforms, the Board of Directors has made the decision that the
current, and more broader appeal, of the name Ubiquitech Software
Corp. will fit more closely, and better serve the Company and
shareholders as the Company expands.
The company continues to expand its HempLife Today subsidiary,
and looks to better leverage its software, and processes, into
other profitable industry segments, this making Ubiquitech (UBQU),
a stronger and more profitable Company moving forward.
CEO James Ballas said, "This was a huge decision to stay
with our current, and long-term name, but we now have opportunities
in the Tech sector that will not only serve our HempLifeToday
division, but will also give us leverage in a new and emerging
Technology sector that utilizes all of the talent, software,
programming, and lead generation that has made HempLife Today so
successful, and now we are going to be applying this to an
additional sector. Simply put, we are very excited about this new
opportunity to add another successful division to the UBQU
umbrella, and we will be releasing this exciting news to our
shareholders in the weeks ahead."
In addition, The Company wants shareholders to know that the new
HempLife Today™ Website is now on track to go live by mid July, and
the Company will release more about this in the days and weeks
ahead. The Company is very happy with the look and navigation of
the new site and believes this new site will help launch
HempLife Today™ to the next level.
About HempLife Today™
HempLife Today™ was created by a group of highly motivated,
skilled and health minded people. Who have learned that Hemp, and
Hemp related products, can be a great source of increased health,
vitality, and overall well being in our lives. We also believe that
high grade CBD (Cannabidiol), could very well be the miracle
supplement the world has been waiting for as more and more people
discover the health benefits of this remarkable extract. HempLife
Today™ offers its quality CBD products
@ www.HempLifeToday.com
About Ubiquitech
Ubiquitech Software Corp., through its subsidiaries is a dynamic
multi-media, multi-faceted corporation utilizing state-of-the-art
global internet marketing, Direct Response (DRTV) Television,
Radio, and traditional marketing, to drive traffic to the new and
emerging multi-billion dollar industries like its subsidiary
HempLifeToday™
HempLifeToday™ focuses on the exciting and dynamic new thinking
in the world today that recognizes the important health and life
enriching enhancement that CBD Oil from the Hemp plant can bring.
Through its network of quality USA growers HempLifeToday.com™ has
developed multiple and proprietary CannazALL™ CBD oil products that
include its popular CBD Tinctures, Oils, GelCaps, CBD Powder, Skin
Salve, Wax Honey, and e-liquid, all offered
@ www.HempLifeToday.com
This press release contains forward-looking statements. Words
such as "expects", "intends'', "believes'', and similar expressions
reflecting something other than historical fact are intended to
identify forward-looking statements, but are not the exclusive
means of identifying such statements. These forward-looking
statements involve a number of risks and uncertainties, including
the timely development and market acceptance of products and
technologies, the ability to secure additional sources of finance,
the ability to reduce operating expenses, and other factors
described in the Company's filings with the OTC Markets Group. The
actual results that the Company achieves may differ materially from
any forward-looking statement due to such risks and uncertainties.
The Company undertakes no obligation to revise or update any
forward-looking statements in order to reflect events or
circumstances that may arise after the date of this release.