SOURCE: Intelligent Living Inc.

May 05, 2014 08:45 ET

Intelligent Living Inc. (ILIV) and Social420 Announce Mobile Social420

Facebook of Cannabis Announces Mobile Application for Android

MIAMI, FL--(Marketwired - May 5, 2014) - Intelligent Living Inc. (OTCQB: ILIV) and its subsidiary Social420 are pleased to announce the release of the Beta Social420 application for Android powered devices. 

"In November of 2013, respected analyst Benedict Evans released a report for his firm Flurry Analytics that the growth of mobile will consume the internet as we know it and he was spot on. In 2013 mobile social networking grew by 115% over all. Social420, which has already organized itself and is beginning to be thought of as the Facebook for the MJ space and the LinkedIn for the cannabis professional, feels that the mobile space is a very important part of the overall ecosystem and we are very happy with the first release of this mobile app. Intelligent Living is not in the MJ business, but rather a business to business connector of the marijuana industry where we see the most long term value being built for our shareholders and our stakeholders," Victoria Rudman, CEO of Intelligent Living Inc., said.

According to angel investor group ArcView, the cannabis industry is expected to grow over the next 5 years into a $10.5 billion dollar industry. Huffington Post reported that states such as Maryland and Rhode Island could see $134 million and $82 million, respectively, in tax collections annually upon legalization being ratified in those states.

Josh Eikov, Chief Strategy Officer for Intelligent Living Inc., said, "We established Social420 for the entire bionetwork that makes up the cannabis space. There are many parts that people don't think about when they hear the words cannabis or marijuana. The facts are that there are vibrant businesses and really sophisticated businesspeople that are creating jobs in an economy that can no longer be denied. Everything from the cinder blocks that the growers use to support their growing tables to the radio frequency identification (RFID) tags that are state imposed to tag plants for control purposes. We view this industry as a real knowledge economy that is escalating and mobile is an important part of that future. Our app has some special features that include our payment technology alongside the social elements that our website offers. We are looking for ways to monetize the mobile web within the MJ space today as well as to create a place for professionals and other participants to gather for education and socialization. Social420 Mobile is a big focus of ours."

The Social420 app is available on the Google Play Store: http://bit.ly/1i6PsJe

About Intelligent Living Inc.:
Intelligent Living Inc., based in Florida, is a health and wellness holding company that specializes in the acquisition and integration of Internet and web technologies, hosting and cloud based infrastructure services, eCommerce, and nutraceutical based products. We provide nutraceutical products, wellness products and services, and create mobile and digital health apps, cognitive exercise and brain games as well as platforms for emerging demand markets and other value creation opportunities all relating to our core values. Some of our brands include: MIND360, DRLARRYDIRECT, SOCIAL420 and Provectus IT.

The mission of Intelligent Living is to build the Digital Health and Wellness Company of the 21st Century. Within this mission we consider mind, body, soul and a person's digital life to be all connected in our value chain and offer products and services that will take care of the whole mind/body ecosystem and thereby improve a person's quality and function of daily living over a span of many years.

More information about Intelligent Living Inc. 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.

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