Central Wireless Inc (CWIR)

[AllYourBase]

EMS AND FIRST HUDSON TRUST ANNOUNCE THE ACQUISITION OF ANOTHER PUBLIC COMPANY TO THEIR GROUP
Jan 21, 2014
OTC Disclosure & News Service

Rochester, NY -

ROCHESTER, NEW YORK, JANUARY 21, 2014. Michael P. Grande, the Chairman, President, and CEO of Electronic Merchant Systems Rochester, Inc., a New York corporation ("EMS"), and Randolph S. Hudson, the Managing Administrative Trustee of First Hudson Trust of New York, a Massachusetts trust formed and operating under the laws of the State of Oklahoma ("First Hudson"), are pleased to announce the acquisition of another publicly traded company that will fall under the aegis of their holding company. The name of the company is Central Wireless, Inc., a Utah corporation, and its securities are quoted over-the-counter under the symbol "CWIR".

Mr. Grande, Mr. Hudson, and Kenneth W. Brand, Central's Chairman, President, and CEO, agreed to the definitive terms of the transaction this morning. Mr. Brand said, "My interest to enter into the transaction with Mike [Grande] and Randy [Hudson] is so that my shareholders can benefit from the development of Central in the near-term and long-term." While Mr. Brand did not receive any cash by his transfer of Central's control stock to EMS and First Hudson, Mr. Brand will receive shares in each of EMS's and First Hudson's other publicly traded companies. Mr. Hudson said, "Mr. Brand's principal interest and concern was for that of Central's shareholders and the benefits they could derive from the deal with Mike and I.".

EMS and First Hudson will develop Central to become a manufacturer, packager, and dispenser of medical marijuana in those states where the manufacture and sale of marijuana is permitted under those state's laws.

"Clearly, Mike [Grande] and I have to position Central for its entry into this field of enterprise. We must notify OTC, FINRA, and the SEC, respectively, in addition to obtaining the licenses that will be necessary to operate in this field of business from various states' regulators. Moreover, the legislative bodies in some of the states we intend to do business are only now in the process of enacting laws to permit the company to enter into this business. Mike and I expect the [regulatory] administrative organization of Central to be completed by the end of April [2014], which will allow us to actually undertake the company's development", Mr. Hudson said.

Mr. Grande added, "Regardless of the fact that this type business has been operating in California and elsewhere for many years, and, notwithstanding the recent changes to Washington and Colorado's laws, this business is still at the ground level. While there are 20+ companies that are principally engaged in this business, at least 12 of which are publicly traded, there is much more that needs to be accomplished to organize a company that is "global" in its marketing and distribution efforts in the U. S. (of course, in those states where the manufacture and sale of marijuana is permitted). The existing public companies that can demonstrate true share value are those that handle every aspect of the business, from start-to-finish.". Mr. Hudson added, "Today, we can perceive the willingness of the executive branches and the legislatures of various states to consider adopting many new laws that do or will permit the manufacture and sale of marijuana, for medical purposes, or, for the general use by the public. Moreover, over the next ten years, I think we will begin to see a reduction or altogether renouncement in the regulation and laws of the federal government, which changes will permit the consolidation of some of these companies' operations and that will promote interstate commerce in this industry. It is not feasible from a financial standpoint, to incarcerate or penalize the populous, who, for the most part, partake in the use of this product. Tax it, provide the penalties for its irresponsible use, and be done with it.".

Mr. Grande and his executive staff will assume the operation of Central until a qualified management team is appointed to administer and direct the company's affairs.

Central will join Mr. Grande's and Mr. Hudson's group of companies, which includes:

Real American Capital Corporation. Real American (US.RLAB.PK) is in the process of a restructuring to become Dreamcatchers Entertainment International, Inc., which will engage in the business of owning and operating entertainment facilities and that will offer merchandise and related products over the Internet. Shareholders and investors can view Dreamcatchers' interim website at http://www.drem.us, which is still under construction.

Encounter Development Technologies Inc. Encounter (US.ENTI.PK) is in the process of a restructuring to become National Properties Trust, which will own and operate commercial and residential income properties, for both Mr. Grande and Mr. Hudson's companies, as well as to let these properties to the public. Encounter's temporary website is http://www.enticorp.net, which is under construction.

Oncology Medical, Inc. Oncology (US.ONCO.PK) is in the process of restructuring to become Electronic Merchant Systems Rochester, Inc., which is a leading provider of credit card merchant processing services, the placement of ATM's, and the placement of arcade-style vending machines in various establishments. Oncology's interim website is http://www.thechargecardguy.com, which is under construction. (It should be noted: Prior to the completion of its restructuring, Mr. Grande will be transferring his ownership in his other companies to a corporation other than Oncology; thus, EMS will not be a control shareholder in the other companies under the aegis of Mr. Grande's and Mr. Hudson's group.)

Apple Rush Company, Inc. Apple Rush is and will remain a manufacturer and bottler of organic, lightly carbonated fruit juice. Apple Rush's interim website is http://www.applerush.com, which is under development.

First Intercity Bancsystems, Inc. First Intercity is in the process of submitting its applications to be licensed by the State of New York to engage in the banking business; firstly, in Rochester, New York, and, thereafter in Nevada and Michigan. First Intercity will be the first financial institution in the United States to maintain, staff, and operate its physical branches on a 24/7 basis. First Intercity's website is in development.

Hudson and Grande, Inc. Hudson and Grande will serve as the parent operating company for all of Mr. Grande's and Mr. Hudson's business endeavors. Presently, Mr. Grande and Mr. Hudson consult public companies and transact various other business transactions in the real estate industry and associated with the obtainment of liquor licenses by applicants for the same. Hudson and Grande's website is http://www.hudsonandgrande.com, which is in development.

(The senior executive management, the boards of directors, the principal shareholders, and the issuers, respectively, of each company named in this announcement, seek safe harbor for their forward-looking statements as permitted under the Private Securities Litigation Reform Act of 1995.)


The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.