DALLAS, April 3, 2014 (GLOBE NEWSWIRE) -- Rango Energy, Inc. (OTCBB: RAGO ) (the "Company") announced today that it would effect a name change to Verde Science, Inc., in order to facilitate the Company's transition to providing legal licensed medical marijuana production and services.
Verde is partnering with established companies and individuals in the industry who share the Company's view for the necessity to implement strict security, quality control, and measures to ensure compliance with all local and regional laws and regulations.
"The medical marijuana industry will undoubtedly experience compelling growth over the next decade and beyond," said Rango CEO Harp Sangha. "The growing legislative and social momentum has been the key reason for the rapid expansion and corporate interest already seen. Our Company was presented with a significant opportunity to participate by teaming up with top biopharmaceutical experts to help produce a meaningful supply of the highest quality product for the underserved markets; particularly Southern California and other jurisdictions as Marijuana is legalized for both medicinal and recreational use."
The Company is close to finalizing negotiations with established industry leading manufacturers and scientific experts and will provide shareholders with an update as milestones are achieved.
Sangha continued, "We are teaming with established pioneers in the industry that believe strongly in the necessity to implement strict security, quality control, and measures to ensure compliance with all local and regional laws and regulations. We are close to concluding negotiations with established industry leading manufacturers and scientific experts."
Based on the relationships developed and the transactions that are underway, it was felt to be in the best interest of Rango/Verde shareholders to focus the entirety of the Company's focus and capital resources on maximizing the opportunity to be a significant participant in a rapidly growing marketplace.
About Rango Energy, soon to be Verde Science, Inc.
The Company has identified, developed relationships with and is working to acquire leading manufacturing and research and development experts in the burgeoning medical marijuana industry. The Company is focused on developing the highest quality, greatest yield medicinal marijuana as well as support leading research and development to continually provide clients with a superior, branded line of medical marijuana products.
Safe Harbor Statements
Certain information contained in this news release constitutes "forward-looking statements" as such term is used in applicable United States and Canadian laws. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates", "intends" or "believes", or that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur", or "be achieved".
Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made, and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. Many of these factors are beyond the Company's ability to control or predict. Important factors that may cause actual results to differ materially and that could impact the Company and the statements contained in this news release can be found in the Company's filings with the SEC. Such risks and other factors include, among others, the ability to locate and acquire suitable interests in oil and gas properties on terms acceptable to the Company, the availability of financing on acceptable terms, accidents, labour disputes, acts of God and other risks of the oil and gas industry including, without limitation, risk of liability under environmental protection legislation, delays in obtaining governmental approvals or permits, title disputes or claims limitations on insurance coverage. The Company believes that the expectations reflected in the forward-looking statements included in this news release are reasonable; however, no assurance can be given that these expectations will prove to be correct, and such forward-looking statements should not be unduly relied upon. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise.
Rango Energy, Inc. Phone: +1 858 210 0236
