MIAMI, FL—via eTeligis—Intelligent Living Inc. (OTCQB: ILIV) in its quest to enter into new lucrative business segments and products, has entered into an LOI to acquire the assets of Green Roads of Florida, LLC, a private company engaged in the research and development of alternative medicine products using cannabinoid based products. Green Roads is being purchased for their patent pending portfolio of cannabinoid based products and their management's expertise in the industry.
Recent positive developments in the United States, Canada and other countries such as Uruguay have added fuel and optimism to the industry and what is possibly considered a vast and extremely profitable business for participants in this industry. Previous acquisitions made by Intelligent Living to enter into the nutraceutical markets has directed the company to recently focus its priorities towards these two initiatives while awaiting for positive catalysts in the medical marijuana industry to materialize prior to making more concrete decisions towards Medical Marijuana. Due to the recent positive legal changes and attitudes towards Medical Marijuana and recreational Marijuana use in general, Intelligent Living Inc. has sped up negotiations with Florida based Green Roads. Intelligent Living will provide Green Roads financing allowing it to file an application for licenses and expressed confidence of a government approval, however is not guaranteed. Additional updates and details on these discussions including a possible agreement are expected to be announced shortly.
Robert Kane of the X-Change Corporation has expressed the growth of the industry in GDP terms as being .64% of the GDP of the United States. Mr. Kane also presented an unemployment illustration in which the cannabinoid industry lowering domestic unemployment by 32%, and could potentially provide jobs to over half a million people and potentially create over $100 Billion in new, taxable wages.
About Green Roads of Florida, LLC
Green Roads of Florida, LLC is a leader in the development of Cannabinoids (CBDs) and a herbal homeopathic manufacturer of products for conditions such as pain, migraines, psoriasis, sleep and spa therapies. Green Roads has a current portfolio of 14 US patents pending.
About Intelligent Living Inc.
Intelligent Living Inc. operates as a development stage company focused on the ever-expanding eHealth and eCommerce markets. Its segments include exercise, nutrition, supplements, mental acuity testing and training, through our newly acquired subsidiaries MIND360 Studios LLC, and Health and Beyond Nutra Company Inc. Intelligent Living Inc., based in Florida, is a health and wellness company engaged in the development of software and technology to aid in age management and cognitive health. The mission of Intelligent Living is to improve a person's quality and function of daily living over a span of many years.
More information about Intelligent Living can be found on the Company's website located at http://www.intelligentlivinginc.com
Forward Looking Statements
This press release includes statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Reform Act") and as such, may involve risks and uncertainties. Intelligent Living Inc. claims the protection of the safe-harbor for forward-looking statements contained in the Reform Act. These forward-looking statements are often characterized by the terms "may," "believes," "projects," "expects," or "anticipates," and do not reflect historical facts. Specific forward-looking statements contained in this press release include, but are not limited to: our successful integration of diversified growth companies, impact of the company's expansion plan, and new business development success, future financial results, development and acquisition of new product lines and services, the impact of competitive products or pricing from technological changes, the effect of economic conditions and other uncertainties. The company's actual performance, results and achievements may differ materially from the expressed or implied in such forward-looking statements as a result of a wide range of factors.
Contact:
Gabriel Rodriguez
E Relations Group
888-261-6537
SOURCE: Intelligent Living Inc.
Associated Documentation:
Link to submission on http://www.eteligis.com
ILIV_2-6-14_ETL_KMG.docx
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