Cafe Serendipity Holdings Inc. (CAFS)

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Cafe Serendipity Holdings, Inc. Announces an Update to Shareholders
HENDERSON, NV--(Marketwired - Aug 18, 2015) - Café Serendipity Holdings, Inc. (OTC PINK: CAFSD) (the "Company"), We would like to take this opportunity to update our shareholders on our business. The company is diligently working on its business model and just recently announced the licensing of a flagship store in Oregon. We believe we will have additional stores to announce in the state of Oregon over the coming few months. We fully anticipate that California will go recreational late 2016. Since California is currently 50% of the business nationwide, that will give the company the ability to expand its brand in recreational stores. There are a host of other states that have approved the legalization of marijuana that will be coming online in 2016 and 2017.

We are currently working in the Maryland, Illinois, Pennsylvania, Florida and Ohio markets. We also see e-commerce opportunities within the legal marijuana space that the company is exploring by creating an online marketplace. We believe that the regulatory environment between the Federal and States needs to improve so there is clarity between them that is conducive to building businesses with the proper banking foundation, card processing and real estate acquisition model that allows fundamental growth. We are very confident that these issues will be resolved by the regulatory bodies. This would allow for a more transparent growth strategy for the legal marijuana industry and the expansion of our business model. "We would like to thank our shareholders for their continued support and confidence in our company," said Bob McNulty, Chairman.