SCOTTSDALE, AZ / ACCESSWIRE / July 24, 2017 / Northsight Capital, Inc. (OTC PINK: NCAP) and Tumbleweed Holdings, Inc. (OTC PINK: DCDC) announced today that the companies have reached a settlement for their previous dispute and are now working together to close the Crush Mobile Apps acquisition for Northsight.
Tumbleweed, who introduced and assisted Northsight with the contemplated Crush Mobile Apps acquisition, will also assist NCAP in acquiring the funding necessary to close the acquisition.
Northsight recently agreed to acquire Crush Mobile Apps, LLC (www.CrushMobileApps.com), in an all-stock transaction. Crush Mobile, with approximately one million members, has developed a group of dating sites with a presence in the Latino, African-American and Jewish communities.
A spokesperson for Northsight stated, "We are pleased to resolve the conflict with Tumbleweed and focus on growing Northsight rather than go through a long, drawn out litigation process that would not be beneficial to shareholders of either company."
Gary Herman, CEO of Tumbleweed stated, "Our Board is pleased to have resolved this problem. We look forward to working with the management teams of Northsight and Crush."
About Northsight Capital, Inc.
Northsight Capital, Inc. ("NCAP") is comprised of a portfolio of online marijuana-related websites developed and operated by the company, including WeedDepot, www.420careers.com, MJBizwire.com, MarijuanaRecipes.com, RateMyStrain, WikiWeed, MarijuanaMD and MarijuanaHealthTips. The company provides its audience with a means to stay informed on the industry's most cutting-edge marijuana-related innovations and legislation. The company's most dynamic concept, WeedDepot.com, provides consumers with a geo-targeted map directory of medical and recreational dispensaries, head shops, doctors, attorneys and more within the marijuana industry. The Weed Depot app can be downloaded for free at the iTunes Store and Google Play. Weed Depot has an entire platform of content suited for every aspect of advertising and marketing to consumers from all businesses in the cannabis industry.
Various statements in this release, including those that express a belief, expectation or intention, may be considered "forward-looking statements" that involve risks and uncertainties that could cause actual results to differ materially from projected results. Accordingly, investors should not place undue reliance on forward-looking statements as a prediction of actual results. The forward-looking statements may include projections and estimates concerning the timing and success of specific projects or transactions. Forward-looking statements may also include projections and estimates concerning our future operating results and financial condition. When we use the words "will," "believe," "intend," "expect," "may," "should," "anticipate," "could," "estimate," "plan," "predict," "project," or their negatives, or other similar expressions, the statements which include those words are usually forward-looking statements. When we describe strategy that involves risks or uncertainties, we are making forward-looking statements. The forward-looking statements in this press release speak only as of the date of this press release; we disclaim any obligation to update these statements. We have based these forward-looking statements on our current expectations and assumptions about future events. While our management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond our control.
SOURCE: Northsight Capital Inc