NEW YORK, April 11, 2014 (GLOBE NEWSWIRE) -- Legacy Platinum Group Inc. dba Wee-Cig International Corporation (OTCPINK:LWSP) announces that the Company has reached an agreement with AlderEgo Wholesale (AE), a direct store merchandiser for the medical and recreational lifestyle industries. More information about AlderEgo Wholesale can be found on website www.livegiveheal.com. The arrangement calls for AE to wholesale Wee-Cig's products through their distribution channels. Wee-Cig's alliance with AE is a step in the direction of broader and faster distribution of the Wee-Cig products and improved sales revenue for the Company.
AE is a direct store supplier for premium glass pipes and accessories for the legal medical and recreational marijuana industry by promoting a lifestyle of freedom, with a dedication to giving back to the community through an emphasis of healing by supporting medical marijuana research. AE's distribution is mainly focused in the state of Washington and expects to be in 150 retail locations by July 2014.
The state of Washington is one of the most progressive states in the United States when it comes to the legalization of recreational use of Marijuana. With revenue forecasts of $51 million in sales from marijuana, a number derived from following closely the forecast that Colorado, where retail sales are underway and will realize $134 million in the next fiscal year. In fact growth and revenue numbers are so staggering, researchers that have surveyed hundreds of medical cannabis retailers, processors, dispensary owners and industry leaders over the course of six months this year estimate that more than $1.43 billion worth of legal marijuana will have been sold in 2013. The report also predicts that figure to grow by 64 percent, to $2.34 billion by 2014. By comparison, recent figures show the smartphone market expanded only 46 percent from 2012 to 2013.
"Cannabis is one of the fastest-growing industries," said Steve Berg, a former managing director of Wells Fargo Bank and editor of the report, the second edition of the State of Legal Marijuana Markets. "Domestically, we weren't able to find any market that is growing as quickly."
Wee-Cig International is a technology company focused on being on the cutting edge of vaporization and electronic cigarettes. There are an estimated 1.2 Billion smokers in the world and Wee-Cig looks to be a part of the movement of converting them to e-cig and vape users.
For more information on Wee-Cig, visit www.weecig.net
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical fact are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays in testing and evaluation of products and other risks detailed from time to time in Legacy's filings with the Securities & Exchange Commission.
For more information on Wee-Cig, visit www.weecig.net For further information contact: 1-888-488-6882 /s/ Matt Kelly Matt Kelly, Director