LA JOLLA, Calif., Oct. 31, 2016 (GLOBE NEWSWIRE) -- MyDx, Inc. (OTCQB:MYDX), a rapidly growing chemical detection company and makers of
MyDx®, the first handheld chemical analyzer for consumers, today announced it will present at two, high profile
investor conferences this month: the Web Summit in Lisbon, Portugal to be held from November 7-10, and the World of Cannabis Summit in Las Vegas from November 15-16.
Additionally, MyDx Chairman and Chief Executive Officer Daniel R. Yazbeck will be attending the ArcView Group meeting November 14-15 in Las Vegas. ArcView is the legal cannabis industry's
premier hub for
investment, data and progress. Mr. Yazbeck is being featured in the new 2016 Cannabis Investor Study co-published and co-produced by ArcView Market Research and New Frontier Data. An investor member since 2013, he is one of only three cannabis company
leaders featured with an “Entrepreneur Q&A” interview published in the 55-page Report.
“The Vote Heard Round the Word:” Cannabis Industry Anticipates November 8, Election
These upcoming events hold special importance as the cannabis industry is highly anticipating the November 8, vote in nine
States with ballot initiatives to legalize cannabis in some regulatory form, five of whom including California are asking voters to
approve recreational use.
The New York Times reports: “The market for both recreational and medicinal marijuana is projected
to grow to $22 billion in four years from $7 billion this year if California says yes, according to projections by the ArcView
Group, a company that links investors with cannabis companies.
“This is the vote heard round the world,” said ArcView’s chief executive, Troy Dayton. “What we’ve seen before has been tiny
compared to what we are going to see in California.”
World of Cannabis Summit, Las Vegas
At the World of Cannabis Summit, MyDx will host a booth on the main exhibitor floor. Also, Mr. Yazbeck will present on the panel titled, “Funding your Business” on November 16, 2016 at 10:00 a.m. PST, where he will be joined by the
other two panel members Keith McCarty, CEO and Founder of Eaze, offering a leading cannabis delivery service App which
just raised $13 million in its Series B round, and Randy Shipley, President of MJIC, a leader in media and professional services in the cannabis
industry.
There, Mr. Yazbeck will share his unique insights and expertise from his success leading MyDx from a crowdfunded startup to
rapidly growing public company already nearing positive cash flow. For more information, visit: http://worldofcannabissummit.com/about/.
The Company last week announced it has launched its OrganaDx sensor chip. The Company’s CannaDxTM Sensor chip enables consumers to test, analyze and evaluate
cannabis for potency and composition of psychoactive, and non-psychoactive medicinal, chemical components. Its newly launched
OrganaDx sensor enables consumers to test cannabis for safety. The groundwater under any crop
may be contaminated and many growers, both indoor and outdoor, use pesticides or fertilizers that contain dangerous toxins as the
media routinely confirms.
Web Summit, Lisbon, Portugal: “Europe’s Largest Technology Marketplace”
Known as “Europe’s Largest Technology Marketplace,” the Web Summit is “home to many independent conferences” (https://websummit.net/). This event provides MyDx a unique opportunity to introduce its growing
product line directly to a wide range of prospective partners and customers at the highest levels of industry and technology
worldwide.
With over 50,000 tech CEOs, founders, startups, investors and political leaders already booked, a sampling of attending global
brand luminaries includes: Facebook CMO Gary Briggs, Groupon CEO Rich Williams, Spotify CMO Seth Farbman, Forbes President Mike
Perlis, Burning Man Project Founding Board Member Marian Goodell, Tinder Co-Founder and CEO Sean Rad, and Google Ventures General
Partner Tom Hulme. Cannabis Industry attendees include Merry Jane & Stampede Founder and CEO Ted Chung, and Privateer Holdings CEO
Brendan Kenney. For a complete list of featured attendees, visit https://websummit.net/speakers. Media covering this event include The Guardian, CNN Money,
Bloomberg, Tech Crunch, Time Magazine, Wired Magazine and many others.
MyDx will host a booth in a Web Summit exhibitor hall throughout the conference. MyDx was also selected as 1 of 45 companies
(1500+ startups attending) by an Independent Panel of IoT and Hardware Specialists to demonstrate its multi-purpose Analyzer, with
smart phone app and its growing line of sensors, to a live audience of key global brands on the Web Summit Machine Demo Stage on
Thursday, November 10 at 1:15 p.m. GMT.
MyDx: Brand Building at the Global Level
At all three conferences, a member of the MyDx team will be available to meet with institutional investors and industry leaders
interested in collaborating on global distribution, marketing and other strategic ventures. To schedule a meeting, please contact
Phillip Sugarman at Investor Relations Partners, the Company’s IR counsel of record, at 818-280-6800.
About MyDx, Inc.
MyDx, Inc. (OTCQB:MYDX) is a chemical detection and sensor technology company based in San Diego, California whose mission
is to help people Trust & Verify® what they put into their minds and bodies. The Company developed MyDx®, a
patented, affordable portable analyzer that provides real-time chemical analysis and fits in the palm of the user’s hand. The
multi-use MyDx analyzer leverages over a decade of established chemical detection technology to measure chemicals of interest. The
Company owns a substantial and growing intellectual property portfolio of patents covering its technology.
The MyDx CannaDxTM AquaDxTM and OrganaDxTM Sensors are now commercialized, and the
AeroDxTM application is next in line. All Sensors will be compatible with a MyDx App that empowers consumers to test the
chemical composition of what they eat, drink and inhale. For more information, please visit www.cdxlife.com.
Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27(a) of the Securities Act of 1933,
as amended, and Section 21(e) of the Securities Exchange Act of 1934, as amended. Statements may contain certain forward-looking
statements pertaining to future anticipated or projected plans, performance and developments, as well as other statements relating
to future operations and results. Any statements in this press release that are not statements of historical fact may be considered
to be forward-looking statements. Words such as "may," "will," "expect," "believe," "anticipate," "estimate," "intends," "goal,"
"objective," "seek," "attempt," or variations of these or similar words, identify forward-looking statements. These forward-looking
statements by their nature are estimates of future results only and involve substantial risks and uncertainties, including but not
limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new
products, our ability to complete our product testing and launch our product commercially, the acceptance of our product in the
marketplace, the uncertainty of the laws and regulations relating to cannabis, the impact of competitive products or pricing,
technological changes, the effect of economic conditions and other uncertainties detailed from time to time in our reports filed
with the Securities and Exchange Commission, available at http://ir.cdxlife.com/all-sec-filings or www.sec.gov.
Investor Contact: Phillip Sugarman, Vice President Investor Relations Partners Phone: 818-280-6800 psugarman@irpartnersinc.com
