SOURCE: Integrated Cannabis Solutions, Inc.

May 13, 2014 18:35 ET

Integrated Cannabis Solutions, Inc. Announces the Termination of the Transaction to Acquire iComply, LLC

BALTIMORE, MD--(Marketwired - May 13, 2014) - Integrated Cannabis Solutions, Inc. (OTC Pink: IGPK) (PINKSHEETS: IGPK) today announced that iComply, LLC has terminated the proposed transaction to be acquired by Integrated Cannabis Solutions. 

iComply Founder and CEO Mark Slaugh says, "We have analyzed the situation and have chosen to pursue other options for funding. While a public vehicle may still be the ideal solution for our firm, we wish to also participate in upcoming venture capital events in Denver over the next 60 days and examine if continuing as a private company may be best for our immediate future."

Forward-Looking Statements - This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are subject to risks and uncertainties that could cause future results to differ materially from the forward-looking statements. You should consider these factors in evaluating the statements herein, and not rely on such statements. The forward-looking statements in this release are made as of the date hereof and Integrated Cannabis Solutions undertakes no obligation to update such statements.

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