ST. PETERSBURG, FL, Dec. 9, 2014 (GLOBE NEWSWIRE) -- FutureWorld Corp. (OTCQB; FWDG), a leading provider of advanced
technologies and solutions to the global cannabis industry,
announces today that FutureLand Properties, LLC, a subsidiary of
FutureWorld Corp., has entered into a 5 Year land and greenhouse
lease agreement with Colorado Flower Company, LTD, a Colorado LLC,
for the growing of medical and recreational cannabis. The master
lease agreement calls for six figure monthly lease payments for the
land, the greenhouse and the technology.
The master lease agreement is a three prong agreement consisting
of;
1- Land lease agreement by FutureLand Properties,
2- Greenhouse development and operational technology agreement
by HempTech Corp.,
3- Testing and Lab equipment technology agreement by CB
Scientific Inc.
"The Colorado Flower Company has a great team and we know that
their success will become our success", said VP Cameron Cox.
"This is only the beginning. Colorado Flower Company is
already planning future expansion and we have plenty of land for
them to grow".
Since the change in laws in the state of Colorado allowing
cannabis grows to be separate and distinct ventures not attached to
dispensaries, FutureLand Properties, LLC has been looking to carve
out a niche for itself that would allow it to not only provide land
for growers to grow, but also showcase HempTech Corp's technology
products. FutureWorld and its subsidiaries do not grow,
distribute or sell marijuana.
After purchasing 237 acres in Huerfano county on Oct. 31st,
2014, it has been all business getting the operation lined up for
production. FutureLand Properties, LLC does not profit from
the actual sales of any cannabis products as required by Colorado
State law. The manner in which FutureLand monetizes is
through leasing the land, the greenhouses, management and
maintenance contracts.
"It is a fantastic business plan that will give back to our
shareholders again and again", says CEO of FutureWorld, Sam Talari.
"The idea, of course, is to keep this model moving from state
to state. There is no reason we can't have 5 to 10 of these
grows up within the next couple years."
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 Colorado Flower Company, LLC
The Colorado Flower Company was formed to take advantage of the
new cultivation laws in the state of Colorado. They have
applied for a tier one recreational license in the county of
Huerfano in southern Colorado, which begins with a 3,500 plant
maximum. The plans are to keep expanding into a couple more
greenhouses per year as product placement is achieved and increases
in state production are granted. They have an excellent team
with many years of growing experience.
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 HempTech and CB Scientific, 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: Contact:
Media Contact
FutureWorld Corp.
Http://www.futureworldcorp.com
Investor Relations
info@futureworldcorp.com
cox@futureworldcorp.com
(727) 474-1816 ext. 103
