UTRM .0031 x .0032 United Treatment Centers Finalizes Share Restructuring and Sets Date for New Site Launch
United Treatment Centers Finalizing Cancellation of Three Billion Shares of Common Stock
LOS ANGELES, CA, Feb 26, 2014 (Marketwired via COMTEX) -- United Treatment Centers (DBA - PotNetwork420) (OTC Pink: UTRM), an internet-based news content provider for the marijuana industry, has confirmed three billion shares of common stock are in the process of being returned to the transfer agent for cancellation.
United Treatment Centers CEO Chris Seminatore stated, "The surrender of shares from prior management is one of a number of initiatives we are undertaking to improve the overall capital structure. Our core focus will be on building shareholder value as we execute our business model in the upcoming weeks. We are building an internet-based information hub for the marijuana industry that will be updated daily through video. Additionally, we have constructed a business model that will monetize the resulting traffic."
"Our primary product line will assist individuals with marijuana-based businesses to be compliant with state and local laws. We will take the guesswork out of starting a marijuana-based business so business owners can operate in a safe and compliant manner."
"Additionally, response to our test site has been overwhelming and positive. Our targeted launch date for the website and studios will be March 28th, 2014. We will be live and operational," Mr. Seminatore added.
About United Treatment Centers:
United Treatment Centers (DBA - PotNetwork420) will provide daily video updates and analysis of the marijuana industry. From crop reports to stock reports, PotNetwork420 will establish itself as the source for marijuana news. Additionally, PotNetwork420 will be an information hub for entrepreneurs wanting to participate in the marijuana industry.
