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NEW BRUNSWICK, NJ--(Marketwired - Jan 27, 2016) - Mobile Broadcasting Holding, Inc. (
Stated Stephen A. Jones, founder and CEO of Medically Minded, "We just wanted to inform investors of our new corporate vision, transition strategy, and an update of recent fundamental milestones achievements. We also wanted to inform investors that we have submitted application to FINRA for symbol and name change to Medically Minded, Inc., formally requested a new CUSIP number, and are completing updates to OTC Markets, which will resolve the current stop sign issue. We are developing some aggressive business initiatives, but want to resolve our transitional housekeeping issues first."
Medically Minded plans to establish itself as a distinguished brand led by noteworthy industry pioneers in the medical community including Ken Sobel, Heather Manus, RN, and others board members to be soon announced. The Company's business focus is on providing medical cannabis, medical cannabis-related products, and medical tourist services. Although the Cannabis Patient Care Act is set for passage as early as March/April 2016, to accelerate its ability to seek immediate business opportunities, Company management announced it has fundamentally restructured its subsidiary Medically Minded, LLC, into Medically Minded USVI and Medically Minded International.
For Medically Minded USVI, Stephen A. Jones will serve as President and CEO. While Medically Minded International develops immediate business opportunities, Medically Minded USVI will lay the groundwork for its business operations in the United States Virgin Island in advance of legislative passage which seems imminent.
Currently, 23 states and the District of Columbia (Washington, D.C.) have legalized medical use and cultivation of cannabis. The U.S. Territories of Guam and Puerto Rico have also implemented medical cannabis programs. U.S. Virgin Island legislation passage is expected to occur in March/April 2016.
SAFE HARBOR AND INFORMATIONAL STATEMENT: This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may", "would", "will", "expect", "estimate", "anticipate", "believe", "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the Company's reports filed with the SEC. The Company is not eligible to rely on the safe harbor provided by Section 21E(c) of the Exchange Act because it is not subject to filing periodic reports under Sections 13 or 15(d) of the Exchange Act.
Mobile Broadcasting Holding, Inc.
Stephen A. Jones
Chief Executive Officer