Rapid Fire Marketing Provides Update To Shareholders
CARSON CITY, Nev., Nov. 15, 2011 /PRNewswire/ -- Rapid Fire Marketing (Pink Sheets: RFMK) announced an update to shareholders today regarding the Company's businesses and plans for the future. This update is broken down into specific areas of the business as follows:
Medical Cannabis Management (MCM)
As previously announced, MCM has two consulting contracts with non-profits that are in the production phase now. As also announced, grow cycles are about 3 months so the Company is expecting revenue to increase throughout 2012. Additional non-profits have been engaged in negotiations to bring them onboard with MCM as clients. The process of bringing a new client onboard with MCM is sometimes lengthy due to the legal work that has to occur prior to a contract being signed and executed.
New Product Development
At this time, MCM is in the process of acquiring final items needed to develop and patent a new product that is expected to have far reaching appeal. The Company will be working with a California based lab as well as attorneys for the development of the new product. This product will be announced once it is fully developed and the patent filed. Once the Company has protected the proprietary nature of the product, details will be released to the public.
Marketing
As the Company has mentioned, the marketing arm of Rapid Fire Marketing is now actively collecting leads and going to contract with suitable companies. Once payments are received, the nature of these contracts will be announced. The marketing business will be providing a wide variety of services for both publicly traded and private companies.
The overhaul of the website is expected to be complete by the end of November, 2011. In the meantime, marketing efforts on behalf of BionicCigs are producing excellent results.
"We are pleased with the progress of signing on new non-profit clients with MCM but at the same time, the time it takes to get through the administrative part of the deal can be frustrating. However, we cannot take any short cuts around the process because we want to operate within the laws of California," said Mike Amezquita, CEO of MCM. "We have come up with an idea for a product that we think is going to be a big hit. We are working as quickly as we can to get to production; I think shareholders will be excited about this once we have the patent filed," said Amezquita.
Safe Harbor:
From time to time, the Company may issue news releases that contain "forward-looking statements" 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 may contain statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, the Company claims the protection of the safe harbor for forward-looking statement provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact and may be "forward-looking statements." "Forward-looking statements" are based upon expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties that could cause actual results or events to differ materially from those anticipated.
SOURCE Rapid Fire Marketing
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