HOLLYWOOD, Calif., Feb. 27, 2004 (PRIMEZONE) -- Amigula Incorporated (Other OTC:AMJL) the Worlds First Publicly traded Medical Marijuana Company, today announced that the company is pleased to be presenting at the 2004 WallSt.net "Small Cap Broker Dealer Symposium" conference being held February 28 at the prestigious Four Seasons Hotel in Beverly Hills, California.
Warren Eugene, the company founder & Chief Executive Officer, will be making the presentation to brokers, investment bankers and institutions at the conference on Saturday, February 28th 2004. Investors wishing to see the broadcast will be able to visit www.wallst.net/smallcap.asp to view the 20-minute presentation.
"We will focus on the, potentially, colossal revenue model for medical and recreational marijuana at this event forum." Mr. Eugene also goes on to say, "It would make good economic and political sense to regulate and tax marijuana as they do tobacco and alcohol. There is a huge, untapped taxable base available to support many initiatives including the pay of down deficits, funding of social initiatives such as the ailing school system and the distraught medical system, social insurance, homelessness, the arts, sports and contribute to the overall good of people around the world. In just this stand alone model, over $900 million per year in tax revenue may be realized." The company is an original-agricultural-pharmaceutical-brand.
Mr. Eugene, planning to attract large name Hollywood celebrities to endorse his marijuana products, feels the timing of this conference is very beneficial to the project as "Oscar's" week is currently headlining the local and national scene. "Several parties have been approached and negotiations will begin next week to join the team as company spoke persons."
Mr. Eugene is recognized as a pioneer in industry as a founder of both Internet Gaming and E-cash (Electronic Cash), producing timely entrepreneurship while recognizing opportunities created through technological advances. He has been featured in esteemed publications like Time Magazine, USA Today, and The Wall Street Journal as well as prominent network and distribution channels like CNBC, CBS, MSN, CNN, Reuters, Bloomberg, PBS, and hundreds of international news services.
About Amigula Inc.
Amigula Inc. has recently completed the purchase of 51% of Medical Cannabis Inc. and has announced their plans to file as a reporting issuer. The company plans to list on a major exchange beginning with an application for a listing on the American Stock Exchange (AMEX) as well as several European exchanges. The company views the current prohibition of marijuana as similar to that of alcohol, beer and tobacco. Canada's marijuana crop alone is estimated at $4 billion to $7 billion. If a single company controlled it, it would be larger than Canada's oil and gas business and agricultural industries. On October 7, 2003 the Ontario Superior Court ruled that business and individuals be allowed to grow and supply medical marijuana, effectively relieving the Canadian government of its often criticized and fairly unsuccessful attempts. Health Canada "permitted persons" (exemptees) can now pay Amigula to grow marijuana for them. The ruling makes it easier for sick people to get marijuana by allowing them easier access -- more choice and fair prices. The company has a mandate to develop and improve the medical marijuana business worldwide and is on the acquisition and consolidation trail of other legal licensed marijuana operations with notable international brands.
Statements in this press release that are not historical facts are forward-looking statements within the meaning of the Securities Act of 1933, as amended. Those statements include statements regarding the intent, belief or current expectations of the Company and its management. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward- looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing and access funds from our existing financing arrangements that will allow us to continue our current and future operations. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events.