For The Earth Corporation (OTC Pink: FTEG) is engaged in the commercialization of a wide variety of eco-friendly products. Shares surged 100% through early trading on Tuesday, January 29, 2019. Over the past month, For The Earth has seen an average daily volume of 36,749,860 shares. However, through Tuesday morning, already 327.77 million shares have traded hands, equating to $393,300 in dollar volume.
Shares surged Tuesday morning after For The Earth announced it has signed a Letter of Intent with Vliso AI to acquire their CBD Vending Machine Divison. These CBD vending machines “require a lower placement cost into public areas that are not easily accessible or cost effective to have a presence.” Nelson Grist, CEO of For The Earth, commented, “Vliso AI has AI vending technology that we hope to use to make a quick and profitable entrance into the CBD space.” Here is the full press release detailing For The Earth’s acquisition of Vliso’s CBD Vending Machine Division:
For The Earth Corporation Press Release:
PHOENIX, AZ, Jan. 29, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — For The Earth Corporation (the “Company”) (OTC: FTEG) is pleased to announce that FTEG has signed a Letter of Intent with Vliso AI to acquire their CBD Vending Machine Division (CHOW).
We’ve recently signed a letter of intent with Vliso AI for their CBD Vending Machine Division, (CHOW). FTEG’s CEO, Nelson Grist, said, “Vliso AI (Vliso.com) has AI vending technology that we hope to use to make a quick and profitable entrance into the CBD space.” The placement of CBD vending machines requires a lower placement cost into public areas that are not easily accessible or cost effective to have a presence. It is important to note that consummation of this transaction and our entrance into the CBD space is entirely dependent on future financing, of which there is no assurance.
CEO Zachary Obasiolu & CTO David Obasiolu of Vliso AI said, “We are excited to enter into a LOI with For The Earth and revolutionize the retail CBD space. We have been growing and expanding CHOW for the past year while proving our company model. Working with For The Earth will allow us to expand aggressively with a great company backing us. We are looking forward to making a very large impact.”
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;
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.
Article By: Andrew Rego
