PHOENIX, AZ, Feb. 15, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- For The Earth Corpor a tion (the “Company”) (OTC: FTEG) is excited to announce that FTEG and Vliso AI Chow Vending Machine Division have finalized their purchase agreement.
“I’m pleased to announce that the acquisition of CHOW Vending is now complete. This acquisition will allow For The Earth to have a strong entry into CBD vending and will help build brand awareness for the complete line of FTEG products. Chow has done extensive research in vending technology and combining the two together allows customers to buy and become educated on the benefits of CBD, all while standing in front of the vending machine. All of the ‘Chow by For the Earth’ vending machines will be programmed with this interactive AI Technology,” said Nelson Grist, CEO of For The Earth.
CEO Zachary Obasiolu & CTO David Obasiolu of Vliso AI said, “We are excited to revolutionize the CBD retail industry with For the Earth. We have been growing and expanding Chow for the past year while proving our company model and technology. Working with For The Earth will allow Chow to expand aggressively to be a dominant player in the CBD and Hemp space.”
The growth of CBD in the last few years has been exponential, with the industry projected to grow over $22 billon by 2022. With this expected growth, introducing automated dispensaries to the CBD market will help Chow maximize sales and reduce overhead costs.
About For The Earth Corporation:
For The Earth Corporation’s primary focus is in three areas; Household and Institutional Cleaning, Pet, and the Health Care Industry. The Company’s mission is to create “Green” and biodegradable healthy living products, that provide effective and sustainable solutions for people, pets, and the planet.
Forward-Looking Statements
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See For The Earth’s filings with OTC Markets, which may identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements,
Safe Harbor Statement
This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Legal Disclaimer
The Company has filed to make an offering under Regulation A. The offering, if qualified by the SEC, will be made only by means of an offering circular. A preliminary offering statement on Form 1-A relating to these securities has been filed with the Securities and Exchange Commission but has not yet become qualified.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
No money or other consideration is being solicited at this time with respect to such an offering, and if sent in response to these materials for such an offering, it will not be accepted. No securities may be sold, and no offer to buy securities can be accepted and no part of the purchase price can be received for an offering under Regulation A+ until an offering statement is qualified by the U. S. Securities and Exchange Commission, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance given after the qualification date. An indication of interest made by a prospective investor in a Regulation A+ offering is non-binding and involves no obligation or commitment of any kind changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
No money or other consideration is being solicited at this time with respect to such an offering, and if sent in response to these materials for such an offering, it will not be accepted. No securities may be sold, and no offer to buy securities can be accepted and no part of the purchase price can be received for an offering under Regulation A+ until an offering statement is qualified by the U. S. Securities and Exchange Commission, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance given after the qualification date. An indication of interest made by a prospective investor in a Regulation A+ offering is non-binding and involves no obligation or commitment of any kind.
For The Earth Corporation 20 East Thomas Rd. Phoenix, AZ 85012 USA Contact: Nelson Grist Telephone: 602 502-0602 Email: infofteg@gmail.com
