Denver, CO -- June 28, 2018 -- InvestorsHub NewsWire -- Ubiquitech
Software Corp. (OTC: UBQU), through its operating subsidiary
HempLifeToday, offers this open letter from CEO James Ballas to all
shareholders. This open letter is to update, inform, and explain
the current position of the Company, as well as the plans the
Company has for the remainder of 2018 and into 2019.
CEO James Ballas states, “As CEO of Ubiquitech Software Corp and
its divisions I thank all shareholders for taking the time to read
this open letter and for being part of our growth. Our Company
values its shareholders greatly and we appreciate each and every
one of you, and while this letter may not cover as much ground as
you would like, please trust that there will be more to come and
that it is one of my goals to keep you constantly aware of the
progress of the Company.
Many emails and phone calls have asked for me to be more open
and to let shareholders know more of what we are doing, so, this is
my response to all of you as it would be impossible to speak to
everyone individually. I know that it is difficult at times to be a
shareholder in our type of Company and market space, but as CEO I
firmly believe that you are in the right place as we continually
work to build the Company into the world class leader we know it
can be.
First, I would like to address CryptoBuy.com, our newest
division that is currently in development. The filing of all
necessary trademarks and patents was initiated in late 2017. The
web site could soon be ready for beta testing, and vendor
relationships continue to be structured. Software development
continues along with solidifying back end positions. We continue to
evaluate the direction of this division based on the trends of the
industry, our Company resources, and the expertise we can bring on
board for this division and we will keep shareholders updated on a
regular basis. Please note that nothing will derail us from our
primary goals for HempLife Today and the CannazALL brand, and any
additional divisions will only be added and developed because we
believe they will add value to our Company. We will not proceed in
any direction that does not produce. As with the Hemp and CBD
industries, the Blockchain and Crypto currency industries are
extremely exciting and in their infancy. There are also many
questions remaining that need to be answered before the industry
and its products become more mainstream. The company continues to
develop its platform and assess the industry for the appropriate
timing of the launch of the best product we can deliver. In the
shorter term, the company has some tremendous opportunities and
plans in our core business, and in light of the recent stream of
favorable news and positive industry developments, the company
believes that the current best use of company resources is in the
continued development and expansion of our CannazALL brand of CBD
products.
Second, I would to briefly address company debt. The company
could not exist without the initial and follow-up funding from a
few small institutional investors. These funds have enabled the
company to develop our products and corporate structure and grow
our sales and earnings to where we are today. This money was
provided at a time when most thought that our industry was legally
problematic and that our industry would not last. Many things have
changed since then and we look forward to more favorable financing
terms as we grow the company to the next level. Please look for
more information regarding this in the weeks and months ahead.
Since taking our first order for HempLife Today products in
December of 2014, we have created a top brand for our CannazALL CBD
products, shipped over 80,000 orders, obtained over 50,000
customers and subscribers, experienced consistent growth year over
year, sold almost ten million dollars of our CannazALL products,
been called one of the top five CBD Companies by Forbes Magazine,
and created a footprint that is set to grow even bigger and faster
as we move into the months and years ahead. The CannazALL brand has
expanded to over a dozen product offerings over this time period.
We now have relationships with several different hemp farms with
enough acreage available to us to meet any demand in the future,
and we’ve secured long term merchant processing to successfully
take us into the future as well. We have independent verification
of our potency and have added other beneficial botanicals to make
CannazALL™ a unique product.
All of this has enabled the company to not only grow and
become profitable, but to offer to the public what we believe to be
the best product in the market at a competitive price, and partner
with the most loyal customer base one could hope for.
The Company continues to add new products, test new products,
and offer the public the CBD based products that are the most
popular, and, while the Company currently seeks to be the major
worldwide distributor of CannazALL products via Web sales, we do
have exciting plans we will be announcing this year that will
distribute our products on the largest scale yet. We have stated in
the past that the goals for sales are to exceed 50 million per year
and we fully expect to achieve this within the next 4-5 years based
on current trends. The Company seeks to achieve this through the
expansion of our paid media, social media, direct mail, SEO,
Affiliate marketing, free trial packs, YouTube channel, improved
packaging and shipping, expansion of our call center and more
intensive training of our call center staff, and even some great
new videos introducing our products on landing pages, the Website,
and other platforms featuring your CEO himself. No one can sell our
Company any better than a passionate company president and
shareholder. My background is in television, so it is time to step
it up and put myself on the front lines with our customers, and
that’s what you will see.
Yes, we have a lot of work to do but we have come a long way,
and we are one hundred percent committed to the success of this
Company. We are not just a Hemp CBD Company, we are enthusiasts of
our products, and we love to spread the word to more and more
people. With all that we have achieved, and all that we have
planned these are very exciting times for the Company, and we look
forward to this translating positively to the larger investment
community as we proceed.
So, as CEO I absolutely want all shareholders to know that we
are working diligently in order to achieve all of the above, for
the Company, our customers, and of course you our shareholders. I
have seen each and every email and contact that shareholders
contribute, and I am completely aware of your concerns and needs
for the Company to perform and to succeed. Please trust that “we
get it” and that we understand some of your frustrations. But,
please understand that we are in an industry that involves a
constantly changing legal playing field, and while the current
legal decisions concerning our industry have been favorable, and we
believe this will continue, we still need to be aware of the
legalities of our industry and we follow the advice of the top
experts in this area. Please trust, that there is nothing that
happens in this industry that we don’t know about. Because of this
there are times when we need to proceed more cautiously as we grow
the Company, and we are not going to put out a frivolous Press
Release every time we are contacted by a major Company, or other
entity, that is interested in talking with us.
As CEO, I have an obligation to grow the Company in a manner
that works for the long term, and I, and our staff, want to see
this business continue to grow for decades, not just one quarter,
and we will not rush the process and potentially damage what we
have created in order to show a short-term gain. Because, it is our
belief that doing the things we are doing, and avoiding the
pitfalls of the industry, will only help us to better grow and
become one of the strongest in the business, and get us to that
fifty million, or more, annually.
In addition, I mention again the many contributions and comments
our shareholders submit, we appreciate all input offered and are
well aware of everything mentioned to us. As CEO I can honestly say
that there are very few times a suggestion, or comment, hasn’t
already been discussed by the Company in committee and is already
under implementation. If not, then there is a reason for that and
we ask shareholders to understand this. We know our industry and we
know how to grow the Company, and we will continue to do so. We are
not perfect, but we have done a great job in growing the Company
and we will continue to do so. If a shareholder is unhappy with our
results, thinks we should be growing faster or thinks they can do
better, then I encourage them to start your own Hemp Company and
compete.
In closing I will restate what I have said in the past, and it
is important that every shareholder understands this. If you do not
like our Company, our products, our structure, our growth, or our
management, then please do not invest in the Company. But, if you
believe in us, can see our growth and what we have achieved,
believe that the Company will continue with all of our stated
goals, and believe in our amazing products that are helping
thousands, then I encourage you to join us and grow right along
with us. There will be ups and downs of course, but to succeed in
our stated goals is the driving force of our Company, and as said,
I believe you are in the right place.”
About Ubiquitech Software Corp
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
About HempLife Today™
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; It’s popular CBD Tinctures, Concentrated Oils, GelCaps,
Skin Salve, e-liquid, and CannazALL Pets™ CBD products all offered
@ www.HempLifeToday.com
About CryptoBuy
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 date of this
release.
Contact / Investor relations IR@UbiquitechSoftware.com
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