SAINT PETERSBURG, FL--(Marketwired - March 29, 2016) - HempTech Corp. (OTC PINK: BLDWD), a provider of advanced Controlled Environment Agriculture (CEA) with sophisticated automation and analytical tools for the cultivators of legal industrial hemp and cannabis, announces today that it has completed the purchase and exchange agreement with Building Turbines, Inc. In effect, post transaction, Building Turbines, Inc. will become HempTech Corp through a change in control.
On March 23, we have received confirmation from FINRA on the completion of the corporate action and it is as following;
1- The name change of 'Building Turbines, Inc.' (BLDW) to "HempTech Corp."
2- 1 – 5,000 reverse split will be announced 3/30/2016 on the Daily List.
3- The name change/reverse split will take effect at the open of business 3/31/2016. The new symbol will be BLDWD. The "D" will be removed in 20 business days and the symbol will change to HTCO.
Since 2014, HempTech Corp, a subsidiary of FutureWorld Corp (OTC PINK: FWDG), in cooperation with FutureLand Corp (OTC PINK: FUTL), has spent substantial amount of resources to develop state-of-the-art automation technologies for the growers and cultivators in the burgeoning cannabis industry.
With Intelligent Automation Technology engineered for agricultural operations featuring CognetiX Cultivation Automation & Analytic Software, which drives improvement in productivity, efficiency, quality and sustainability coupled with advanced Controlled Environment Agriculture (CEA) with analytical technology software, small to large size cultivators will have access to industrial grow technology not yet available in the Cannabis market. HempTech's goal is to provide cost effective and efficient cultivation of indoor cannabis through intelligent technologies and process control platforms.
Our Current Accomplishments
1- HempTech has recently announced the availability of our microgrowery marijuana production platform "grow.droid I". The grow.droid has been the culmination of many years of research and development through a substantial amount of internal funding. The Company is delivering its first line of grow.droid I to our California distributor this week. We expect to sell up to 100 of these "plug 'n play" microgrowery systems on the west coast this year.
2- We will be announcing two substantial contracts within coming days which represents a major milestone reached by the Company. The contracts are the results of an extensive joint efforts between HempTech and FutureLand Corp (OTC PINK: FUTL).
HempTech is the third spin-off from the parent company, FutureWorld Corp (OTC PINK: FWDG). FutureWorld will be providing dividend to its shareholders of the sale of HempTech in coming weeks.
About HempTech Corp
HempTech Corp. is a technology company providing solutions for cultivators in legal US marijuana and industrial hemp markets. We design and engineer specialized products using advanced sensors, process control techniques, big data aggregation, analytics and security solutions so cannabis growers can easily and effectively control every aspect of their operation.
Through HempTech technologies, virtually every component of the plants' vegetative growth matrix and flower harvest is automated, documented and available in visible format both in real time and historically. This simplifies operations and ensures that the baselines set by the master grower are adhered to by the cultivation staff.
HempTech's mission is to establish a reputation in the cannabis industry as a one-stop-shop that provides all the infrastructure elements required by growers in a manner that is fully integrated, state-of-the-art, and secure. Products include the SPIDer™ (Secure Perimeter Intrusion Detection), SmartSense™, SmartEnergy, and analytics dashboard Cognetix™ through which HempTech Corp. provides growers unparalleled data analysis capabilities to Know Your Grow! HempTech -- America's Future Taking Root Today.
To request further information about HempTech, please email us at firstname.lastname@example.org, log onto our website at http://www.hemptechcorp.com or visit us at our Facebook page https://www.facebook.com/hemptechcorp or on Twitter @hemptechcorp.
FutureWorld (OTC PINK: FWDG), a Delaware corporation, is a leading provider of advanced technologies and solutions to the global cannabis industry. FutureWorld, together with its subsidiaries, focuses on the identification, acquisition, development, and commercialization of cannabis related products and services, such as industrial Hemp. FutureWorld, through its subsidiaries, provides personal and professional THC and HTD test kits, pharmaceutical grade HTD oil solutions, SafeVape vaporizers, smart sensor technology, communication network, surveillance security, data analysis for smart cultivation and consultation for the industrial hemp and legal medicinal cannabis. Our wireless agricultural smart sensor networks offer precision to the agriculture, irrigation systems, and greenhouses for the global cannabis and hemp industry. FutureWorld and its subsidiaries do not grow, distribute or sell marijuana. As the only Cannabis Technology Accelerator, FutureWorld will incubate and fund leading technologies, products, and services for Cannabis industry (Industrial Hemp) for foreseeable future; bringing value to its core and its shareholders.
To request further information about FutureWorld, please email us at email@example.com, log onto our website at http://www.futureworldcorp.com or visit us at our Facebook page facebook.com/futureworldcorp or on Twitter @futureworldinc.
This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that we may not produce today and that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets. This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.