September 10, 2014 - Vancouver, British Columbia – Vodis Pharmaceuticals Inc. (the “Company” or “Vodis”) (CSE: VP / FSE: 1JV)) is pleased to announce it has entered into an exclusive sales and distribution Memorandum of Understanding (“MOU”) with SynMatrix Inc. (“Synmatrix”) for SynMatrix’s proprietary LED lighting technology which has been specifically engineered for growing medical marijuana.
Vodis will become an exclusive Canadian and American distributor of Synmatrix’s LED lighting technology, which can be used for indoor grow operations, which have traditionally provided the best quality marijuana.
SynMatrix’s LED lighting is the marketable result of 8 months of beta testing and development between Vodis management and Synmatrix. The lights have the potential to cut down on both electricity and cooling costs and are cheaper to purchase than traditional HID bulbs.
Otto Folprecht, Chief Executive Officer and Director of Vodis, states: “We are extremely pleased to conclude this MOU. This agreement furthers Vodis’ strategy of becoming a vertically integrated company in the Canadian and American legal, regulated marijuana sector.”
Additionally, the Company has granted incentive stock options (the "Stock Options") pursuant to its new Stock Option Plan to two Investor Relations consultants of the Company (the "Optionees") entitling the purchase of an aggregate of 125,000 common shares. The Stock Options are exercisable at a price of $0.45 until expiration on August 29, 2015.
About Vodis Pharmaceuticals
Vodis is one of Canada’s foremost brand names in the medical marijuana business. Its products have consistently won or placed at each competition we have entered. The company is well advanced in the MMPR application process to become a Licenced Producer at its state-of-the-art 12,000 square foot facility in Canada.
About SynMatrix Consulting Inc.
SynMatrix is an experienced business consultancy that provides comprehensive business development, market intelligence, strategic advice, project management and investment consultant services to help clients achieve their goals in the greater China regions (Peoples Republic of China, Taiwan & Hong Kong). The firm was founded in 2006 and is headquartered in Vancouver, Canada. SynMatrix operations are located in Vancouver, Beijing, Shanghai, Nanjing, Hangzhou and Taipei.
About Lighting Needs in Marijuana Grow Operations
Most indoor grow operations use High Pressure Sodium (“HPS) or Metal-Halide (“MH”) lamps that use a significant amount of electricity and generate a large amount of heat in an indoor greenhouse or grow facility. Up to 80% of a traditional indoor grow facility, using these lights, will see 80% of its operating expenses incurred in electricity for lighting and cooling.
For further information please contact:
CFO & Director
104-1037 West Broadway
Vancouver, BC V6H 1E3
direct: 1-866-210-1420 ext. 106
The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.
responsibility for the adequacy or accuracy hereof.
This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. All of the forward-looking statements made in this news release and any accompanying graphic links are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required under applicable securities legislation. This news release does not constitute an offer to sell securities and the Company is not soliciting an offer to buy securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
- Page 1 of 74