COSTA MESA, Calif., Oct. 8, 2010 (GLOBE NEWSWIRE) -- LC Luxuries Limited (Pink Sheets:LLUX) (the "Company") today announced that it has hired Tarvaran, Askelson & Company LLP, Certified Public Accountants, to begin the auditing process of Weedmaps, LLC. On September 30th, 2010 the Company 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 as we share the same entrepreneurial spirit. Being public will optimize our marketing efforts and allow us to share ownership in the company. We are confident that a large public constituency will support the company now that they have a direct opportunity to do so."
Doug Francis, CEO of both LC Luxuries and its subsidiary, U.S. 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 help us accomplish that goal."
James Pakulis, President of both LC Luxuries and U.S. Cannabis, Inc., agrees. He states that, "Weedmaps, LLC is an exceptional company with significant growth opportunities. This is a win-win for both companies."
About LC Luxuries Limited
LC Luxuries Limited (Pink Sheets: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.
About The Equities Group, Inc.
The Global Online Investment Community... The Equities Group, Inc. (herein "TEG") is a global financial media network which owns and operates our branded specialty divisions, such as and , and manages our strategic network partnerships. TEG is expanding our interlinking portfolio of web properties to create a social network that bridges the world's financial markets and investment communities. Collectively our sites provide a unique array of news and data on the world's capital markets and economies.
The TEG team provides interactive advertising, digital IR/PR, journalism, market intelligence, media/marketing, news dissemination, research, video production and ancillary specialty communications services to publicly traded companies worldwide.
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.
CONTACT: LC Luxuries Limited James Pakulis - President 1-866-347-5057 The Equities Group, Inc. J. Ryan Whitten - Client Services 1-561-948-0330 x305 ryan@equities.com