CENTENNIAL, CO / ACCESSWIRE / October 3, 2014 / BizAuctions, (OTC Pink: BZCN) (BZCN), The Company filed an amendment to its Articles of Incorporation with the State of Delaware and will file with FINRA to report a Notice of a Corporate Action as required under FINRA guidelines.
Delmar Janovec, BizAuctions' CEO comments, "The Company filed on Thursday, October 2, 2014, with the Delaware Secretary of State, to amend its Articles of Incorporation whereby changing the name of the Corporation to CannaGrow Holdings, Inc. This action was taken after receiving consent by a shareholder majority and will better reflect the nature of the Company. The Effective date for the corporate name change will be on November 1, 2014. The Company will also file a Notice of Corporate Action with FINRA, to provide notice of the amendment to its articles of incorporation whereby changing the name to CannaGrow Holdings, Inc., and with an effective date of November 1, 2014."
Mr. Janovec goes on to say, "We have been working diligently over the last several months with consultants and counsel to move forward with the new Colorado Project. Dr. John P. Janovec, Consultant to the Company, has been instrumental in this process with his extensive knowledge of Botany and his Horticultural experience. The Company expects to be making some very exciting and significant announcements in the near future as we finish dotting the "i's" and crossing the "t's" on contracts, leases, and agreements."
The Company is in the process of redefining its business model and is exploring prospective business opportunities in the medical and recreational Cannabis industry in the State of Colorado which have the potential of maximizing our efforts to deliver the highest return to our shareholders.
The Company is currently working with a website designer to update its website to reflect the new business model that will be forthcoming in the very near future.
The Company encourages the public to read the above information in conjunction with its year-end statement for December 31, 2013, and the quarterly statements filed in calendar year 2014, at www.PinkSheets.com.
The information contained in this press release may include forward-looking statements. Forward-looking statements usually contain the words "may," "could," "possibly," "feel," "estimate," "anticipate," "believe," "expect," or similar expressions that involve risks and uncertainties. These risks and uncertainties include the Company's uncertain profitability, need for significant capital, uncertainty concerning market acceptance of its services, competition, limited service facilities, dependence on technological developments and protection of its intellectual property. The Company's actual results could differ materially from those discussed herein.
SOURCE: BizAuctions, Inc.