|By Marketwired .||
|March 13, 2014 05:00 AM EDT||
SAN DIEGO, CALIFORNIA -- (Marketwired) -- 03/13/14 -- 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.
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.