LLUX.PL Commences Operations in New Subsidiary, U.S. Cannabis, Inc.
COSTA MESA, CALIFORNIA, Sep. 30, 2010 (Marketwire) -- LC LUXURIES LIMITED (PINK SHEETS:LLUX) (the "Company") today announced that it has entered into a Letter of Intent to acquire a majority interest in Weedmaps, LLC. Justin Hartfield, CEO of Weedmaps, LLC states: "We're very excited to be joining forces with LLUX. We share the same entrepreneurial spirit and look forward to a long and successful relationship."
Douglas Francis, CEO of both LC Luxuries and its subsidiary, US Cannabis, Inc., stated: "One of our main objectives in entering into the medical cannabis market was to have a significant internet presence. Having Weedmaps, LLC, as a majority owned subsidiary will, certainly, accomplish that goal."
James Pakulis, President of both LC Luxuries and US Cannabis, Inc., agrees. He states that, "Weedmaps, LLC, is an exceptional company with significant growth opportunities. This is a win-win for both companies."
LC LUXURIES LIMITED
James Pakulis - President
About LC Luxuries Limited (OTCPK: LLUX)
LC Luxuries Limited (OTCPK:LLUX), a Nevada based company with headquarters in Newport Beach, California, was in the business of selling beauty products such as; makeup and perfume on the internet through its website makeup.com. As a result of the sale of certain domain names, the company is now developing a new website and seeking new business opportunities and effective February 1, 2010 the company is in the development stage.
About U.S. Cannabis, Inc.
U.S. Cannabis, Inc. is a Nevada corporation and is committed to the management of medical clinics for the lawful diagnosis and treatment of patients that may derive benefit from medical marijuana treatments.
Safe Harbor Notice
Certain statements contained herein are "forward-looking statements" (as defined in the Private Securities Litigation Reform Act of 1995). LC Luxuries Limited cautions that statements made in this news release relating to the change of control and new business direction constitute forward-looking statements and makes no guarantee of future performance. Forward-looking statements are based on estimates and opinions of management at the time statements are made. These statements may address issues that involve significant risks, uncertainties, estimates and assumptions made by management. Actual results could differ materially from current projections or implied results. LC Luxuries Limited undertakes no obligation to revise these statements following the date of this news release.
The Pink OTC Markets Inc. does not accept responsibility for the adequacy or accuracy of this release.
LC Luxuries Limited 1-866-347-5057
Source: Marketwire Canada (September 30, 2010 - 9:01 AM EDT)
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