Luxuriant Holdings (OTC Pink: PRPM) ("the Company") is please to update shareholders on the development of the acquisition of Vortex Waterpipes and comprehensive plan for company's brand development and marketing campaign.
Luxuriant Holdings is pleased to announce the acquisition of Vortex Waterpipes bringing over $300,000 annual revenue to our bottom line. "We are extremely excited to bring Mr. Field's company under our umbrella and add his complete wealth of knowledge of the cannabis industry to our company," stated Mr. Jeffries, CEO /Luxuriant Holdings Inc. Vortex is being acquired with an equity stake in Luxuriant Holdings. The company's name change and adjustment to share structure were updated at the Wyoming SOS yesterday to reflect this change and provide the company ability to complete several more acquisitions with 144 restricted stock from the company's treasury. Mr Field already has several opportunities for acquisitions scheduled for review at the upcoming trade show in April.
Luxuriant Holdings continues to benefit from Davyd Field's years of experience in the Marijuana industry. He has been a valuable addition to the Board of Directors and has already begun to focus spearheading the company's media and marketing efforts.
Since his appointment to the Board of Directors, Mr.Davyd and his team have been working diligently on graphics and web-design to create branding identity to Luxuriant Holdings Inc. With logos and initial branding complete, the company asked Davyd to look into marketing initiatives through Tradeshow appearances for Luxuriant. Though the deadline had passed, Vortex was able to secure the company an exhibit space at the Denver Buyers Industry Guide show in April. This important tradeshow features two full days of "Business-2-Business" events, and will give Luxuriant an opportunity to meet with industry leaders and commercial growers in the Colorado marketplace. The BIG trade show, as it is known, is hosted by "Formula 420," and attracts the region's largest retail buyers, distributors and industry elite. As an exhibitor, Vortex and Luxuriant will have full access to growers and potential VC partners. In addition, to increase impact further, the company has placed ads in several major magazines that are scheduled to come out during the April tradeshow. Vortex has developed strong relationships with the tradeshow's organizers and other exhibiting companies, which will result in exposing Luxuriant Holdings Inc. to the leaders of this industry.
Luxuriant Holdings is excited to be working with Vortex on graphic design, tradeshow attendance, and product development. Additionally, we are finalizing details of our Research and Development joint venture. Luxuriant will assist in the creation of the next generation of Vortex GLOW waterpipes. These battery powered smoking devices allow the user to switch the color of their smoke at the touch of a button. Currently, parts have been ordered and have arrived from overseas; they are now awaiting glass-blowing and assembly. The sale of those units will provide immediate revenue to Luxuriant Holdings in 2014.
As we strengthen our ties with Vortex Waterpipes, please support their efforts at branding and marketing the Luxuriant Holdings concept. The company is still on track to release its website this week (soft launch), and appreciates everyone's patience as we work out the final touches on the website's layout, formatting, text and SEO.
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ProTek Capital, Inc. has historically concentrated on acquiring a portfolio of unique and promising, high-growth potential companies.
Forward-Looking Statements: The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control.
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SOURCE: ProTek Capital, Inc.