ST. PETERSBURG, FL, Dec. 15, 2014 (GLOBE NEWSWIRE) -- FutureWorld Corp. (OTCQB; FWDG), a leading provider of advanced technologies and solutions to the global cannabis industry, announces today that on behalf of its subsidiary, URVape, Inc., FutureWorld has entered into an exclusive vendor agreement with ebbu, LLC of Wheat Ridge, Colorado for the marketing and sales of E-liquid cannabis developed by ebbu, to be dispensed with URVape's vaping devices.
"This venture had been in the works for some time prior to my taking over as CEO, but it was the first thing that I needed to complete once I got here. I am very excited to be working with Ebbu and look forward to a bright future together", commented CEO of URVape, Dan Montgomery.
"URVape is a true pioneer. They're setting an industry-wide standard for patented vaping device design, putting the health and safety of consumers first. Their values so clearly mirror our own commitment to creating the safest and healthiest cannabis products on the market that this partnership seems like it was meant to be. We believe that working closely with URVape for this delivery mechanism, we can - and will change the way people vape!" stated Jon Cooper, Founder and CEO of ebbu.
URVape, Inc., under Mr. Montgomery's direction, is developing a new standard of vaping that will be used in conjunction with this vendor agreement and others going forward. SafeVape™ has been trademarked and will become the quintessential seal that will mark a new era of safe vaping devices and e-liquids. Much that is on the market today does not factor into the equation the proper heating calibration of the device with the solution being vaped. Consequently, many harmful products are being inhaled. URVape, pledges to rectify the status quo starting with its own new products.
After studying the marketplace, with more than 466 vendors attempting to reach consumers, URVape recognized that there were unsupported claims and deficiencies in the products and e-liquids being sold. As a result, URVape has dedicated itself to providing devices that will produce an optimum vaping experience for ebbu and other E-liquids
URVape's plans include the installation of its own laboratory and "clean room" production of its products with the goal of becoming the market leader of "safe" products. To that end, URVape has Trademarked "SafeVape" for use in describing the technologies utilized in bringing both hardware and e-liquids to the marketplace.
About URVape
URVape (http://www.urvape.com) is a Florida Corporation, wholly owned by FutureWorld Corp., based in Saint Petersburg, Florida. URVape manufactures, markets, and distributes electronic cigarettes, vaporizers, and accessories under the "SafeVape" URVape brand name in the United States. It offers vaporizers and related products through its online store urvape.com, as well as through the company's wholesale, distributor, and retail programs. Operating on the idea of open source technology and innovation, the URVape vision is to bring standardized versatility to our customers by offering easily customizable vape pen solutions. URVape supplies avid vape enthusiasts and smokers with a sleek and sophisticated vaporizer that is both affordable and covetable. The Company already plans on adding a loose-leaf herb vape pen, wax vape pen and CBD oil to the mix of offering. The Company is setting the stage for a leading position within the world's 200 billion dollar tobacco market and the multibillion dollar cannabis industry.
About EBBU, LLC
ebbu is a leading Denver, Colorado-based highly disruptive startup which has received considerable attention in the cannabis industry, the tech angel community and beyond. ebbu's unique proprietary distillation technology allows for the creation of branded, cannabis-derived distilled products with predictable, reliable psychoactive effects. ebbu has been featured in The New York Times, The Wall Street Journal, CNBC, Fox Business News, Bloomberg News, HBO Vice, PBS Newshour, Fast Company and many more. The best way to describe ebbu is to use a metaphor: to say that "ebbu is a distillery". Just as an alcohol distillery takes an inconsistent natural product - for example potatoes - and turns it into vodka, ebbu takes a natural product (cannabis) and transforms it into something which is predictable (meaning you know how it will make you feel before you try it) and reliable (meaning the sensation is the same every time). Just like you don't call a bottle of vodka potato juice we don't consider ebbu products "marijuana". Cannabis is just the raw material from which ebbu makes its products.
ebbu was founded in early 2014 by Dooma Wendschuh and Jonathan Cooper, both of whom have a track record in brand-building and technology startups. Mr. Cooper is a serial entrepreneur who has launched several businesses in the telecom and healthcare industries. Mr. Wendschuh was co-founder and co-CEO of sekretagent Productions, Inc. a video game creative development company whose game sold more than $2.8 Billion worldwide and whose credits include the Assassins Creed franchise, Batman: Arkham Origins, and several games in the Prince of Persia franchise.ebbu tests and develops proprietary blends of high grade cannabis oil in Colorado. The way the agreement works is really quite simple. Urvape provides the cartridges, batteries, chargers and other ancillary products to Ebbu at a predetermined price and Ebbu then fills the cartridges with their products for sale in the Colorado community in accordance with demand. URVape, Inc. does not profit from the actual sales of any cannabis products as required by Colorado state law.
About FutureWorld Corp
FutureWorld (Other OTCQB: FWDG), a Delaware corporation, is a U.S. Diversified Holding Company formed to capitalize on the burgeoning Cannabis markets globally. FutureWorld, together with its subsidiaries, focuses on the identification, acquisition, development, and commercialization of cannabis related products, such as industrial Hemp. FutureWorld, through its subsidiaries such as HempTech and CB Scientific, provides personal and professional THC and CBD test kits, pure CBD oil solutions, smart sensor technology, communication network, surveillance security, data analysis for smart cultivation and consultation for the industrial hemp and legal medicinal cannabis. Our wireless agricultural smart sensor networks offer precision to the agriculture, irrigation systems, and greenhouses for the global cannabis and hemp industry. FutureWorld and its subsidiaries do not grow, distribute or sell marijuana.
To request further information about FutureWorld, please email us at investors@futureworldcorp.com, log onto our website at http://www.futureworldcorp.com or visit us at our Facebook page https://www.facebook.com/futureworldenergy or on Twitter #futureworldinc.
Forward-Looking Statements
This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that we may not produce today and that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets. This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.