HENDERSON, NV--(NewMediaWire - Jul 21, 2015) - Café Serendipity
Holdings, Inc. (OTC PINK: CAFS) (the "Company"), is pleased to announce
the signing of a license agreement to open a recreational use
marijuana flagship store in Oregon. Our licensee has paid the one
time fee of $50,000 and has agreed to 10% monthly fee of gross
revenues for the term of the agreement. Dennis M. Johnson, the
licensee, stated, "I would like to move aggressively to open the
flagship store in Eugene and additional Café Serendipity stores in
Salem then Portland as soon as possible." We have engaged our
strategic partner Herbfront, www.herbfront.com, to find the right retail
location in Oregon. Also we are consulting with the law offices of
Marc L. TerBeek, a leading authority in the legal cannabis industry
to assist our licensees. Café Serendipity will use all of its
strategic relationships from real estate, legal, human resources
and product sourcing to put the store together from the ground up
to fit our business model and use our proprietary store design that
is represented on the website. The store size will be 2,500 to
3,000 square feet and will generate approximately $3 million per
year in revenues.
"We expect to sign other licensees over the next few months to
open additional flagship stores from the ground up in other
markets," said Bob McNulty, Chairman of Café Serendipity. "We
also see e-commerce opportunities within the legal marijuana space
that the company is exploring."
"Café Serendipity has positioned itself for the legalization of
recreational use stores to come on-line in 2016 for California. We
believe that the regulatory environment between the Federal and
States needs to improve so there is clarity between them that is
conducive to building businesses with the proper banking
foundation, card processing and real estate acquisition model that
allows fundamental growth. We are very confident that these issues
will be resolved by the regulatory bodies. This would allow for a
more transparent growth strategy for the legal marijuana industry
and the expansion of our business model."
About Café Serendipity Holdings,
Inc.
Based in Henderson, Nevada, Café Serendipity Holdings, Inc. owns
and operates Café Serendipity. The Company is a builder of
upscale branded turnkey retail stores in the recreational adult
use, and medical marijuana dispensary industry. The Company is
marketing its unique brand and product lines through a coast to
coast licensing network of Company approved stores and
growers. The licensed stores and growers benefit from Café
Serendipity's proprietary technology solutions, quality control
sciences to the growers, ERP/POS systems and a growing list of tier
1 brands and vendors. The Company currently markets to the
approximately 6,000 existing legal recreational adult use and
medical marijuana dispensaries in the USA.
Safe Harbor: This release contains
statements that constitute forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
These statements appear in a number of places in this release and
include all statements that are not statements of historical fact
regarding the intent, belief or current expectations of Café
Serendipity, its directors or its officers with respect to, among
other things: (i) financing plans; (ii) trends affecting its
financial condition or results of operations; (iii) growth strategy
and operating strategy. The words "may," "would," "will," "expect,"
"estimate," "can," "believe," "potential" and similar expressions
and variations thereof are intended to identify forward-looking
statements. Investors are cautioned that any such forward-looking
statements are not guarantees of future performance and involve
risks and uncertainties, many of which are beyond Café Serendipity
Holdings, Inc. ability to control, and that actual results may
differ materially from those projected in the forward-looking
statements as a result of various factors. More information about
the potential factors that could affect the business and financial
results is and will be included in Café Serendipity Holdings, Inc.
filings with the OTC Markets, Securities and Exchange Commission
and/or the Company's website.