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US Lithium Corp. Kaboom – Exploding Into the Global $100 Billion Legal Marijuana Market

https://finance.yahoo.com/news/us-lithium-corp-kaboom-exploding-130000006.html

HENDERSON, Nev., Aug. 31, 2017 (GLOBE NEWSWIRE) -- US Lithium Corp. (OTCQB:LITH), announces that it will be pursuing the lucrative legal marijuana payment market in locations that allow the sale to consumers for both medical and recreational use.

Kaboom Coin (kaboomcoin.com) provides the underserved legal marijuana industry with decentralized banking infrastructure, blockchain based consumer databasing and a payment solution. Using Kaboom Coin, industry members will realize significant cost savings as well as assistance with their compliance to state laws. What makes Kaboom Coin different from others in the sector is that we are not solely focusing on cannabis where there may still be some social stigmas associated with the use of something branded specifically for that industry. Cannabis is just one vertical that the currency will be aimed at. Kaboom Coin is creating a lifestyle brand around its coin via social media and marketing affiliations.

Kaboom Coin’s differentiation strategy is to decentralize the consumer’s personal information from any single merchant or server while at all times complying with state KYC and consumer regulations. While the payment system may be potentially anonymous, there will be specific user identification and unique markers on all purchases. All purchasers currently have to produce either a prescription and/or identification as part of the requirements for legal purchase. Kaboom Coin is NOT focusing on any purchasers whose intent is to skirt laws and regulations either via a payment system or true identification of the end consumer.

Kaboomcoin.com is an Etherium based cryptocurrency wallet that caters to the 18-35 demographic and the products they purchase whether virtual or brick and mortar. This is the most technologically oriented generation in history and the majority of their purchases, communications, social media and payment platforms are tied to their smartphones. LITH believes that this demographic will likely be influenced by, and attracted to, an application and payment method, i.e. Kaboom Coin, due to their peer circle and social media feeds adopting the product. LITH will be placing resources into the marketing and social media diaspora with kaboomcoin.com

“We are very excited to be entering the new and growing cannabis marketplace on the payment side. Our goal is to comply with all KYC and state requirements in transactions and we will actually become a GATEKEEPER for the merchant,” stated Gregory Rotelli, President of US Lithium Corp.

Disclaimer: This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Family Room Entertainment Corp. and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

Contact: Gregory Rotelli
President
Email: [e-mail]
Website:: USLithiumCorp.com

Source: U.S. Lithium Corp.
© 2017 GlobeNewswire, Inc.