Rostock Announces $2,000,000 Equity Financing Commitment for iWeedz.com to Capture Local Marijuana Commerce
March 25 2014 - 5:00AM
Marketwired
Rostock Announces $2,000,000 Equity Financing Commitment for
iWeedz.com to Capture Local Marijuana Commerce
SAN DIEGO, CALIFORNIA--(Marketwired - Mar 25, 2014) - Rostock
Ventures Corp. (OTCBB:ROSV) (the "Company") is pleased to announce
a $2,000,000 equity financing commitment to develop and roll out
the iWeedz platform. Rostock Venture's President Gregory Rotelli
said, "The equity line will allow us to obtain the kind of capital
required to move iWeedz to a new rollout phase and to become the
disruptive platform we envision. We are not compelled to take down
any specific amount of money; that decision is entirely at our
discretion. The terms of the Agreement are such that we may
continue to pursue financial arrangements and partnerships with
other entities. We feel this opportunity brings, not only
tremendous shareholder value, but proves financial institutions are
focused on this sector and share our vision." The terms and
conditions of the Equity Line Agreement will be announced in a
later release.
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 which are 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 in achieving 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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