Cannabis Medical Solutions Inc. Announces Preliminary Approval for Trading on Frankfurt Stock Exchange
January 20 2011 - 9:37AM
Cannabis Medical Solutions Inc.
(http://www.cannabismedsolutions.com/) (OTCBB:CMSI), a leading
company specializing in merchant payment solutions and financial
products for the medical marijuana and health care industries,
today announced that the Company has received preliminary approval
and will begin trading on the Frankfurt Stock Exchange later this
month. The company's new symbol for the Frankfurt Exchange will be
released no later than next week.
"Our company's listing on the Frankfurt Stock Exchange
potentially enables a vast increase in European institutional and
individual shareholders to participate as shareholders in Cannabis
Medical Solutions. This dual exchange listing on the Frankfurt
Stock Exchange will continue to help with our long term focus...
and give us greater visibility and support within the European
market," stated B. Michael Friedman, acting CEO for Cannabis
Medical Solutions.
The benefits to listing on Frankfurt are:
- Increased international exposure.
- Ability to raise equity capital in Europe.
- Enhanced shareholder value.
- Increased Market-Making commitments.
About Cannabis Medical Solutions
Cannabis Medical Solutions Inc. (OTCBB:CMSI)
(http://www.cannabismedsolutions.com/) offers a full spectrum of
secure and reliable transaction processing solutions using
traditional, Internet Point-of-Sale (POS), e-commerce and mobile
(wireless) terminals in conjunction with Industry Alliance
Partners. The Company has recently focused on providing payment
solutions to the licensed medical marijuana dispensaries throughout
15 states, in an effort to keep these businesses within the
guidelines of CO Amendment 20, SB 109 and HB 1284, CA Proposition
215, SB 420, SB 1449 and Proposition 19. Cannabis Medical Solutions
(CMSI) offers reliable merchant payment solutions and closed loop
pre-paid stored value and loyalty cards as a unique cash
alternative to these regulated dispensaries for both operators and
members of collectives. CMSI will seek to capitalize on this
presently untapped and much needed solution and presently provides
services to multiple locations throughout California, Colorado and
Montana.
About the Frankfurt Stock Exchange
The Frankfurt Stock Exchange was founded over 400 years ago and
is home to public companies from over sixty (60) countries, with
North American companies representing approximately 40% of the
stocks listed (including over 3,000 U.S. Companies). It is the
world's third largest organized exchange-trading market in terms of
turnover and dealings in securities, ranking only behind the New
York Stock Exchange (NYSE) and NASDAQ.
The public guarantor of the Frankfurt Stock Exchange is the
Deutsche Borse AG whose duty it is to ensure the full viability of
trading securities. With the support of state-of-the-art
computer-based trading, processing and information systems, the
Frankfurt Stock Exchange has been able to keep pace with the
ever-increasing demands of the international stock market business.
The cosmopolitan atmosphere Frankfurt enjoys is demonstrated in the
membership structure of the stock market where more than 70 foreign
banks and financial service companies are counted among the total
of more than 300 members. http://deutsche-boerse.com/
FORWARD-LOOKING DISCLAIMER
This press release may contain certain forward-looking
statements and information, as defined within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934, and is subject to the Safe Harbor
created by those sections. This material contains statements about
expected future events and/or financial results that are
forward-looking in nature and subject to risks and uncertainties.
Such forward-looking statements by definition involve risks,
uncertainties and other factors, which may cause the actual
results, performance or achievements of Cannabis Medical Solutions
Inc. to be materially different from the statements made
herein.
CONTACT: Cannabis Medical Solutions Inc.
Investor Relations:
305-396-9097
info@cannabismedsolutions.com