LOS ANGELES, CA--(Marketwired - January 07, 2014) - MediSwipe Inc. (www.MediSwipe.com) (MWIPD), the leader in Compassionate Care Technology Solutions and products for the medicinal marijuana industry, today announced the acquisition and brand of its Mont Blunt® vaporizers and tobacco alternative product lines, as well as the launch date of its new e-commerce website featuring the Mont Blunt® brand, www.Montblunt.com, being January 31, 2014.
"The Mont Blunt brand of vaporizers and alternative tobacco products and accessories will be known as the premier brand amongst celebrities, recreational users and patients alike. Our initial testing and first release of the product line has sparked major interest of retailers, dispensaries and major wholesalers. The first 1,000 units selling between $69.50 and higher prices for customized units in Chrome, diamonds and precious stones are expected to sell this quarter. We have orders from one of the largest retailers in tobacco product sales and our presence in Colorado has opened us up to a multi-million dollar marketplace for the brand with our available network of 250 dispensaries. Based upon initial feedback from our customers and retail partners, we expect our new line of Mont Blunt® products to become a significant part of our revenue stream similar to those created by our competitors Vapor Corp. and Victory Electronic Cigarettes, each trading at higher market values," stated B. Michael Friedman, CEO of MediSwipe.
The State of Colorado is expecting $578 million in revenue from recreational use of marijuana and $67 million in taxable income and isn't the only state that is experimenting with looser drug laws. After decades of failed drug policy, and with nationwide support for legalization rising to 58% in one recent poll, 20 U.S. states, plus the District of Columbia, now allow medical marijuana sales. Some municipalities have decriminalized possession. Washington State is preparing to roll out its own retail cannabis shops. In New York, Governor Andrew Cuomo recently reportedly an executive order to allow limited use of medical marijuana in the Empire State. Measures to legalize pot sales will be on the ballot in several more states in 2014 and 2016, including possibly California. Representatives from Uruguay, Britain, Chile and Brazil have all consulted Colorado experts how to assemble a regulatory framework.
In anticipation of launching our Mont Blunt trademark and branded product in 2014 through brick-and-mortar retailers in Colorado, Michigan and Washington State, as well as exclusively through our e-commerce site later this month, www.Montblunt.com, we expect to announce celebrity endorsements and giveaways of the Mont Blunt brand over the next coming months. The new website will also provide our brick-and-mortar retail partners across the country an opportunity to join a new retail affiliate network program.
Mont Blunt Vapor Inhalers are smokeless and nearly odor-free giving the "smoker" the flexibility to enjoy use of their custom design in medicinal, recreational and approved public areas, without the well-known negative health effects of actual smoking. The exclusive brand pricing ranges from single units selling from $69.50 and may run as high as $250,000.00 for custom designs with diamonds and rare jewel cases designed by prominent jewelry artists.
In addition, the new Mont Blunt® site will allow users to share information and comments on products that interest them with others across well-trafficked social media platforms such as Facebook, Twitter, Pinterest and Instagram.
About MediSwipe Inc.
MediSwipe Inc. (www.MediSwipe.com) provides innovative patient solutions and is the leader in Compassionate Care Technology for the medicinal marijuana industry. MediSwipe provides terminal-based service packages and integrated Web Portal add-ons for physicians, clinics, hospitals and medical dispensaries that include: digital patient records, Electronic Referrals, Credit/Debit Card merchant services, and health and wellness product lines including beverages, vaporizers and accessories.
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 MediSwipe Inc. to be materially different from the statements made herein.