LOS ANGELES, Feb. 9, 2011 (GLOBE NEWSWIRE) -- Cannabis Medical Solutions Inc. ( http://www.cannabismedsolutions.com/ ) (OTCBB:CMSI), a leading company specializing in merchant payment solutions and financial products for the medical marijuana and health care industries, today announced that the Company has been approved for trading on the Frankfurt Stock Exchange. The Company's new listing will trade under the symbol C2J .
"Our company's listing on the Frankfurt Stock Exchange potentially enables a vast increase in European institutional and individual shareholders to participate as shareholders in Cannabis Medical Solutions. With a greater tolerance of medical marijuana and the industry among European countries and investors, the Frankfurt listing will increase the Company's visibility and extend our awareness into the European market. Trading in both the United States and Germany will provide CMSI additional opportunities to advance us to the next level of our business plan and financial model," stated B. Michael Friedman, acting CEO for Cannabis Medical Solutions."
The benefits from listing on the Frankfurt Stock Exchange are:
- Increased international exposure.
- Ability to raise equity capital in Europe.
- Enhanced shareholder value.
- Increased Market-Making commitments.
About Cannabis Medical Solutions
Cannabis Medical Solutions Inc. (OTCBB:CMSI) ( http://www.cannabismedsolutions.com/ ) offers a full spectrum of secure and reliable transaction processing solutions using traditional, Internet Point-of-Sale (POS), e-commerce and mobile (wireless) terminals in conjunction with Industry Alliance Partners. The Company has recently focused on providing payment solutions to the licensed medical marijuana dispensaries throughout 15 states. In an effort to keep these businesses within the guidelines of CO Amendment 20, SB 109 and HB 1284, CA Proposition 215, SB 420, SB 1449 and Proposition 19. Cannabis Medical Solutions (CMSI) offers reliable merchant payment solutions and closed loop pre-paid stored value and loyalty cards as a unique cash alternative to these regulated dispensaries for both operators and members of collectives. CMSI will seek to capitalize on this presently untapped and much needed solution and presently provides services to multiple locations throughout California, Colorado and Montana.
About the Frankfurt Stock Exchange
The Frankfurt Stock Exchange was founded over 400 years ago and is home to public companies from over sixty (60) countries, with North American companies representing approximately 40% of the stocks listed (including over 3,000 U.S. Companies). It is the world's third largest organized exchange-trading market in terms of turnover and dealings in securities, ranking only behind the New York Stock Exchange (NYSE) and NASDAQ.
The public guarantor of the Frankfurt Stock Exchange is the Deutsche Börse AG whose duty it is to ensure the full viability of trading securities. With the support of state-of-the-art computer-based trading, processing and information systems, the Frankfurt Stock Exchange has been able to keep pace with the ever-increasing demands of the international stock market business. The cosmopolitan atmosphere Frankfurt enjoys is demonstrated in the membership structure of the stock market where more than 70 foreign banks and financial service companies are counted among the total of more than 300 members.
FORWARD-LOOKING DISCLAIMER
This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Cannabis Medical Solutions Inc. to be materially different from the statements made herein.
CONTACT: Cannabis Medical Solutions Inc. Investor Relations: 305-396-9097 info@cannabismedsolutions.com