Rostock Announces Final Stage of Acquiring the Proximity Marketing Membership Platform, To Power iWeedz
March 13 2014 - 5:00AM
Marketwired
Rostock Announces Final Stage of Acquiring the Proximity Marketing
Membership Platform, To Power iWeedz
SAN DIEGO, CALIFORNIA--(Marketwired - Mar 13, 2014) - Rostock
Ventures Corp. (OTCBB:ROSV) (the "Company") After a month and a
half of negotiating, Rostock acquires the full world wide exclusive
rights to the iWeedz proximity membership platform technical
information and trademarks necessary to commercialize the business.
Rostock will compensate 4,000,000 restricted shares and 2% of the
net revenues for the acquisition. "The Acquisition of this platform
will drastically cut R&D cost and allow us to get to market in
a timely fashion. After many discussions with Todd Ellison and with
the marijuana market becoming more competitive, we feel this has
been a positive move in the right direction to solidify our
commercialization of the technology platform and meet the needs of
the market. The next step for Rostock will now be focused on our
revenue model to bring the company to cash flow and profitability,"
stated Gregory Rotelli President Rostock Ventures.
iWeedz.com for consumers is a search engine and cannabis
information resource that connects consumers with vendors or
likeminded individuals. iWeedz will streamline the process of
finding the right strains and products for ailments that is fast,
simple and intuitive. Whether you're new to cannabis, a medical
marijuana patient, or simply a recreational consumer, iWeedz is the
perfect destination for you!
iWeedz.com for vendors is a cloud based solution to manage
inventory, post daily deals, attract new customer with proximity
marketing via mobile phones, engage with customers via email &
text messaging and offer back end payment processing.
About Rostock Ventures Corp:
Rostock Strategy: Monitizing Digital Media With Proximity
Marketing. Proximity marketing utilizes the activities that
consumers are already involved in to offer retailers a new path to
reach their audiences. Localized wireless distribution of
advertising provides a higher level of interactivity between the
consumer and the specific location market retailer. This new
consumer selected experience results in highly effective,
contextually relevant, interactive marketing. It creates an even
more memorable interaction for consumers and also allows retailers
to leverage their strengths and increase the return on investment
by motivating return visits and consumer experience satisfaction.
This approach adds to marketing intelligence while maximizing
shareholder value to achieve the highest possible client outcome
while being mindful of our corporate and global responsibilities.
Our forward thinking mandate brings iWeedz.com to the marketplace.
iWeedz.com is a Mobile Marijuana Platform capturing Local Marijuana
commerce.
Forward-looking Statements:
Some of the statements contained in this press release are
forward-looking statements which involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Company, or industry results, to
be materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements, including the risks and uncertainties related to the
progress, timing, cost, and results of technology programs;
competition from other companies; and the Company's ability to
obtain additional funding required to conduct its activities.
Please refer to the company's filings with the Securities and
Exchange Commission for a comprehensive list of risk factors that
could cause actual results, performance or achievements of the
Company to differ materially from those expressed or implied in
such forward looking statements. The Company undertakes no
obligation to update or revise any forward-looking statements.
Rostock Ventures Corp.Gregory
RotelliPresidentinfo@rostockventures.comwww.rostockventures.com
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