|By Marketwired .||
|February 4, 2014 03:01 AM EST||
SAN DIEGO, CALIFORNIA -- (Marketwired) -- 02/04/14 -- Rostock Ventures Corp. (OTCBB: ROSV) (the "Company") -
"As stated in a previous release, we have made a pivot with our business model and are now focusing on Marijuana commerce. We are taking an agnostic investing approach to this industry. Simply put, we are exploring ways and means of streamlining this industry for both consumers and vendors by providing cutting edge scalable solutions that remain easy to use. In researching various opportunities, it was important for us to look at opportunities that were scalable and trendy. With the Green Rush trend, we felt becoming a vendor of some sort was not scalable but could not ignore the interest by the investment community; we felt iWeedz was the right move as it is scalable and can solve a lot of problems consumers and vendors in marijuana commerce are experiencing. As a company, we feel there is tremendous opportunity for our investors with this approach," stated Gregory Rotelli, President, Rostock Ventures.
The iWeedz.com search engine will be a cannabis information resource that connects consumers with vendors or likeminded individuals. iWeedz will streamline the process of finding the right strains and products for your ailments comfortably, fast and simple. 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 will be 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 payment processing. For further development updates and to view UI mockups go to www.iWeedz.com.
About Rostock Ventures Corp.:
Recently the company's Board of Directors has voted to initiate a 5-for-1 forward split of the Company's common shares payable to our shareholders of record. At this time the Board has not selected a record date to implement the forward stock split, but once a final record date is established, it will be announced. The Company anticipates that the forward stock split will occur early in 2014. Once we have implemented the 5-for-1 forward stock split, the Company's common stock will begin trading on a split-adjusted basis and the shareholders of record as of the selected record date will then own five shares for every one share previously owned. For example, if you owned 50,000 shares at the close of the record date you will be entitled to 250,000 shares after the split occurs. Presently the Company has approximately 41,000,000 shares of its common stock issued and outstanding giving the company a market cap of just over $2 million currently. The Board and management feel that forward splitting the shares will increase liquidity in the Company which will give our shareholders added value and thus enabling the Company to seek potential new projects.
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.