Ubiquitech Software Corporation CEO offers update and clarification
of Company performance and achievements for 2017, in open letter to
shareholders
DENVER, CO--(NewMediaWire - Sep 26, 2017) - Ubiquitech Software
Corp. (OTC PINK: UBQU) Issues the following Letter to its
shareholders:
"I would like to take this
time to address UBQU shareholders directly so that shareholders
have a better understanding of the Company, and its goals and
strategies. While it is not possible to update you on all that has
been accomplished so far, this year, I do want to clarify a few
things moving forward so that when news is put forth it will be
more meaningful and shareholders will also have a better
understanding.
We've been busy, and we are
really seeing the efforts of the Company coming to fruition as we
enter into the fall and winter. Growing a successful Company with
new divisions while managing shareholder expectations is a task for
sure, but, we are committed to this, and want our shareholders to
understand our model, our methods, and what we believe this will
bring us. So, I would like to make this more of a conversation and
address shareholders directly today.
Let's start with HempLife
Today... This is our premiere division, it is doing great, and we
are experiencing consistent growth as shown by our quarterly
financials. Our Cannazall CBD products are the finest and purest we
can make them, and our growing customer base is a testament to our
products, our fast shipping, and our exceptional customer service.
Bottom line is the customer gets the finest USA grown and
formulated CBD products possible, and with our rebates and
discounts our products are the most competitively priced on the
market today. In addition, if a customer has a problem or concern,
our support staff takes care of it right away. In fact, I will
state emphatically, that the only situation where we don't have a
fast solution for a customer is when we don't know about it. This
is how we have made this Company successful and we are always
making improvements to customer support to improve this system, and
we always will.
Our 24 Hour Toll-Free CBD
information line has proven to be very popular, and it helps to
educate the customer about CBD in general, and HempLife Today. This
is very important as CBD is still only truly known to less than 10%
of the public, and there must be an education process in order to
create a new customer, and this is what our system is designed to
do from top to bottom, to educate people about CBD and the benefits
of being a HempLife Today customer. That is what it takes to get
new customers and we want our shareholders to understand that this
has proven to be the best way to grow the Company, through
education, and we believe our foresight on this will be the
difference between continued growth for HempLife Today, and many
other Companies that will fall away as we proceed.
Often, we are asked why
Cannazall is not in stores or in other retail outlets at this time,
and if you think of CBD products like any other product then being
in stores would seem a good idea.
However, this is not the case
with CBD products and we have seen very slow CBD sales at the
retail level at this point, as people just don't know what CBD is.
Yes, we do, and shareholders do, and others know about CBD and its
many benefits. But, not a significant amount of the general
population to make retail sales profitable to us now, as we've even
seen local mall kiosks in several markets shut down after just a
few weeks because the operators failed to understand the key point
of educating the customer.
Our market research indicates
that retail sales are costly and not as effective as internet sales
at this time and that is why we focus so much on our Internet
footprint, and not, inferior retail sales and trade shows that do
not offer the reach and profit opportunity that a global Internet
brand, as HempLife Today is desiring to become, offers. Yes, there
will come a time when retail sales can help the Company, and we
will aggressively pursue this when the time is right. But right now
the Company anticipates faster growth with the plans that we have.
Do understand that my background is advertising, DRTV,
Infomercials, short form commercials, and radio, as both on camera
talent and scriptwriter, and, if the Company could go forth today
with an Infomercial on our products we would do so, and be very
successful no doubt. But, the climate is just not right for that at
this point. But, it will be in the future, and we will be ready for
it.
In the meantime, from our new
Website and our new upcoming Cannazall Pets products, to our free
samples, referral and rebate offers, to our immense and growing
Internet presence, our direct mail campaigns, and our proven
education process that systematically creates more customers month
after month. HempLife Today is poised to start growing at an even
more rapid rate, and, we will continue to strive for our goal of
$50,000,000 in annual sales, or more, within the next five years,
and the Company wants shareholders to know that no opportunity goes
overlooked by UBQU management.
Now, something very important
that has not been addressed properly, and I take full
responsibility for this, is the name change, or lack of name
change. I do not have to be reminded as to how I stuck my neck out
on this subject and was not able to follow through. I can only tell
you that for over 15 months this was the plan and we were moving
ahead, and this was always the number one topic of all strategic
meetings. However, month after month of delays and some legal
opinions actually proved fortuitous, from our perspective, and we
believe the Company moves forward even stronger remaining as UBQU
as the Company could be vulnerable if we were only a hemp Company,
and we do not want to be limited to this. We have a lot of
experience on our management team and staff, and we are capable of
so much more. Why limit the Company's future growth and opportunity
by staying in one genre, as, simply put, remaining as UBQU offers
more opportunity for the Company, for our shareholders, and for the
growth and strength of the Company as a whole. Some will agree,
some will disagree, and we believe that time will prove us correct
in this decision, but this was the main reason as to why we are
staying as UBQU.
Another subject that has
previously been addressed is the Company debt, but I will address
it again. Debt and equity are both tools to help fund the growth of
the company. These items along with working capital and cash flow
are important drivers to research and development, corporate
infrastructure, and the long-term growth of the company. Many
factors go into the decision-making process, and are reviewed at
all regular strategic planning meetings. These decisions are taken
very seriously relative to our goals for the company.
In addition, the Company wants
shareholders to be confident and to have questions answered in a
timely manner in order to fully understand the investment
opportunity. Therefore, we will soon be announcing a new and more
complete IR department so that all emails and calls get the
attention they deserve. Bear with us and we will get this done for
you.
But please also bear in mind
that the company will only release material information in its
regular quarterly annual reports, and in regular press releases.
The Company will make certain that relevant information is
disseminated to all shareholders and the general public under
market guidelines.
I can't possibly cover all the
items that we are working on at HempLife Today, but suffice it to
say that all items addressed in previous news are either on track
or are already implemented. If you have questions about previous
news please let us know and we will do our best to answer
you.
Now, before finishing this
open letter I am very excited to tell you all a little more about
our newest division called CryptoBuy.com. Again, this goes with our
main reason for keeping our name, as we believe this division could
equal, or surpass, the success we have with HempLife Today. Crypto
currencies are exciting, and they are not going away. Anyone who
believes they could is not looking realistically at why these
currencies are booming, and what drives this market. But, we have
tech people on our staff, and available to us, that understand this
genre as well as anyone on the planet and with our marketing
department we know we can make CryptoBuy a success. If we did not
know that we could succeed with CryptoBuy we would not be doing it.
In addition, CryptoBuy is relatively inexpensive for us to develop
as our programming and design for this project are in house and the
funds already allocated. CryptoBuy.com is being designed to enhance
the profitability of UBQU, not to take away from our already
profitable divisions. Again, bear with us and we will have a lot
more about CryptoBuy in the coming weeks and months.
I also want to let you all
know that we will do our best to keep you updated on Company
progress but will refrain in giving advance notice of the day or
date for a news release. I have been the one pushing for this
within the Company, as I love to keep you informed, but when other
decisions are made and we can't keep to a stated schedule I know it
affects shareholders and your plans. Just know that we will always
keep you informed of important progress and quarterly
financials.
In closing, I know that
everything is not addressed here and we will of course have more
news as we proceed. But there is something I have said to some
shareholders and I fear it has been taken as a negative. That is my
statements that if a shareholder doesn't believe in the Company
they should not buy shares. I mean this only in the most positive
of terms, as I am excited about this Company, and all that we are
doing, and I want shareholders to be excited too. So, I will say it
again more clearly; If you do not believe in UBQU, our management,
our vision, and what we are achieving then, no, I do not want you
to buy shares in the Company. However, if you do believe in what we
have achieved, and what we are doing, then by all means I love the
fact that you have joined us, as we are going to do everything we
can to continue to grow more divisions, like CrytoBuy.com, and to
succeed, just as we have with HempLife Today."
Thank you,
James Ballas / CEO
About HempLife Today™
Hemp Life 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 (Canabidiol), 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, DirectResponse (DRTV) Television, Radio,
Internet Content, and traditional marketing to drive traffic to the
new and emerging multi-billion dollar industries like its
subsidiaries HempLifeToday™ and CryptoBuy.com
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, Concentrated Oils, GelCaps,
Skin Salve, e-liquid, and CannazALL Pets CBD products all offered
@ www.HempLifeToday.com
CryptoBuy.com focuses on the burgeoning new world of Crypto
Currencies and is created to be a service to persons interested in
tracking and trading the many existing and future Crypto Currencies
worldwide.
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 after the date of this
release.