RightSmile Rolls On With Its Pending Reverse Merger in the Cannibis Market
BOCA RATON, Fla., Dec. 5, 2011 /PRNewswire/ — RightSmile, Inc. (OTC:RIGH:PK) has received a lot of emails and phone calls regarding the entity being merged in. The company is located in California and is in the lucrative Cannabis industry.
This industry as reported by CNBC and National Geographic is the latest gold rush to hit the market place. Cannabis has captured the eye of Wall Street and everyone else looking for the next big thing. The market size in California alone has been reported to be as large as $14 billion dollars, not including the other 15 States that have legalized medical marijuana.
The new entity has nothing to do with DevTek and no one from the past has any affiliation with the new entity except 247MGI, Inc (OTC:TOFS) who has assisted the Company in completing this transaction. TOFS is a large debt holder in RIGH and is expected to enter into a long term deal with the new company post merger.
On Wednesday, a full announcement containing the name and information of the new company shall be released.
The foregoing press announcement contains forward-looking statements that can be identified by such terminology such as “believes,” “expects,” “potential,” “plans,” “suggests,” “may,” “should,” “could,” “intends,” or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. In particular, management’s expectations could be affected by, among other things, uncertainties relating to our success in completing acquisitions, financing our operations, entering into strategic partnerships, engaging management and other matters disclosed by us in our public filings from time to time. Forward-looking statements speak only as to the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
SOURCE RightSmile, Inc.