ST. PETERSBURG, FL, Nov. 24, 2014 (GLOBE NEWSWIRE) -- FutureWorld Corp. (OTCQB; FWDG), a leading provider of advanced
technologies and solutions to the global cannabis industry,
announces today that it is depositing 10,000,000 shares of common
stock of HempTech, Inc. ("HempTech") with a trust formed for the
benefit of holders of FutureWorld' common stock. HempTech
(http://www.hemptechcorp.com) is a wholly owned subsidiary of
FutureWorld based in Saint Petersburg, FL. HempTech is a technology
division catering to the cultivators of industrial hemp market and
legal medical marijuana. HempTech provides cutting edge
technologies that allows cultivators to securely collect, analyze
and control every aspect of a horticultural operations; from "Seed
to Sale" tracking to managing their electricity.
The 10,000,000 HempTech shares initially will be held by an
independent trustee, subject to irrevocable instructions to
distribute 2,500,000 of those shares to FutureWorld shareholders of
record as of February 1, 2015, March 1, 2015, April 1, 2015 and May
1, 2015. The distributions will be made when the HempTech
shares could be sold by the holders pursuant to an effective
registration statement filed with the Securities and Exchange
Commission or an exemption from such registration, which currently
is targeted to occur in the beginning of 2015.
As part of the above strategy, HempTech is planning to file for
an initial public offering of its common stock shortly after the
company has reached its first customer contract milestone.
HempTech currently is targeting the filing for the beginning
of 2015, subject to market and general economic conditions as well
as compliance with applicable securities laws. FutureWorld
will continue to beneficially own an additional 30,000,000 shares
of HempTech common stock as a long-term investment.
HempTech's innovative products will be showcased at our first
grow facility in Colorado through a joint venture with FutureLand
Properties. The grow facility will use CaNNaLyTiX, one of
HempTech's recent innovations, which will show the master growers
exactly how a harvest came into being. Imagine being able to see in
graphical format exactly how much nitrogen was in the soil
throughout the entire grow cycle. See and know exactly how
much moisture was in the soil throughout the entire growth cycle.
Imagine having the knowledge of exactly how much CO2 was in the air
or the air temperature at every point of the grow cycle. Virtually
every component of the plants vegetative growth matrix and ultimate
flower harvest is tracked, documented and available in visible
format both in real-time and historically to ensure that the
baselines set by the master grower are adhered to by the
cultivation staff.
About HempTech Corp
HempTech, a subsidiary of FutureWorld, is a technology division
catering to the cultivators of industrial hemp market and legal
medical marijuana. HempTech provides cutting edge technology that
allows cultivators to securely collect and analyze every aspect of
a horticultural operation. SPIDer™ provides Secure Perimeter
Intrusion Detection and is a state of the art security solution for
a cultivation operation. Through their proprietary data
collection system SmartSense™ and analytics dashboard CaNNaLyTiX™
HempTech Corp. provide growers unparalleled data analysis
capabilities for their plants. SmartNergy™ not only controls
every aspect of electrical usage within a cultivation operation it
is actively managing settings and monitoring usage to make sure the
#1 cost of an operation (Energy) is monitored and controlled at
optimum levels at every stage of processing a harvest. Couple
in CannaTRAK™, our ground up remodeling of a "Seed to Sale"
tracking software system, and master growers will be handed a
complete toolset that can provide the real answer to a grower's
ultimate question… "How did we do that?" CaNNaLyTiX's
sophistication will show the master growers exactly how a harvest
came into being. Imagine being able to see in graphical
format exactly how much nitrogen was in the soil throughout the
entire grow cycle. See and know exactly how much moisture was
in the soil throughout the entire growth cycle. Imagine having the
knowledge of exactly how much CO2 was in the air or the air
temperature at every point of the grow cycle. Virtually every
component of the plants vegetative growth matrix and ultimate
flower harvest is tracked, documented and available in visible
format both in real-time and historically to ensure that the
baselines set by the master grower are adhered to by the
cultivation staff. CaNNaLyTiX™, providing essential tools to
Know Your Grow! HempTech - America's Future Taking Root Today.
About FutureWorld Corp
FutureWorld (Other OTCQB: FWDG), a Delaware corporation, is a
U.S. Diversified Holding Company formed to capitalize on the
burgeoning Cannabis markets globally. FutureWorld, together with
its subsidiaries, focuses on the identification, acquisition,
development, and commercialization of cannabis related products,
such as industrial Hemp. FutureWorld, through its subsidiaries such
as CB Scientific and HempTech, provides personal and professional
THC and CBD test kits, pure CBD oil solutions, smart sensor
technology, communication network, surveillance security, data
analysis for smart cultivation and consultation for the industrial
hemp and legal medicinal cannabis. Our wireless agricultural smart
sensor networks offer precision to the agriculture, irrigation
systems, and greenhouses for the global cannabis and hemp industry.
FutureWorld and its subsidiaries do not grow, distribute or sell
marijuana.
To request further information about FutureWorld, please email
us at investors@futureworldcorp.com, log onto our website at
http://www.futureworldcorp.com or visit us at our Facebook page
https://www.facebook.com/futureworldenergy or on Twitter
#futureworldinc.
Forward-Looking Statements
This press release may contain forward-looking statements
covered within the meaning of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements relate to,
among other things, plans and timing for the introduction or
enhancement of our services and products, statements about future
market conditions, supply and demand conditions, and other
expectations, intentions and plans contained in this press release
that are not historical fact and involve risks and uncertainties.
Our expectations regarding future revenues depend upon our ability
to develop and supply products and services that we may not produce
today and that meet defined specifications. When used in this press
release, the words "plan," "expect," "believe," and similar
expressions generally identify forward-looking statements. These
statements reflect our current expectations. They are subject to a
number of risks and uncertainties, including, but not limited to,
changes in technology and changes in pervasive markets. This
release includes forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 27E of the
Securities Act of 1934. Statements contained in this release that
are not historical facts may be deemed to be forward-looking
statements. Investors are cautioned that forward-looking statements
are inherently uncertain. Actual performance and results may differ
materially from that projected or suggested herein due to certain
risks and uncertainties including, without limitation, ability to
obtain financing and regulatory and shareholder approval for
anticipated actions.
CONTACT: Media Contact
FutureWorld Corp.
Http://www.futureworldcorp.com
Investor Relations
info@futureworldcorp.com
cox@futureworldcorp.com
(727) 474-1816 ext. 103
