LC Luxuries Limited
PINK SHEETS : LLUX

September 03, 2010 09:00 ET

LLUX.PK Negotiating to Acquire Weedmaps.com

COSTA MESA, CALIFORNIA--(Marketwire - Sept. 3, 2010) - LC LUXURIES LIMITED (PINK SHEETS:LLUX) (the "Company") announces that its newly established subsidiary, US Cannabis, Inc., a Nevada corporation, has entered into formal negotiations with Weedmaps, LLC, to acquire the domain name "weedmaps.com" and the current operating website. Weedmaps.com has specialized in search engine optimization since 2009 and has a significant presence as it relates to the cannabis industry. At this time, the terms and conditions of the acquisition are still being negotiated and no terms or conditions of the acquisition have been agreed upon between the parties.

Douglas Francis, the CEO of both the Company and US Cannabis, Inc., stated that, "Weedmaps.com is a perfect fit for our growth model. They have structured an exciting template which. we believe, will expand our internet presence in the cannabis industry."

James Pakulis, President of both the Company and US Cannabis, Inc., agrees that, "Having an equity interest in Weedmaps.com is only natural. We are truly looking forward to consummating a transaction."

LC LUXURIES LIMITED

James Pakulis – President

About LC Luxuries Limited (PINK SHEETS:LLUX)

LC Luxuries Limited (PINK SHEETS:LLUX), a Nevada based company with headquarters in Newport Beach, California, was in the business of selling beauty products such as; makeup and perfume on the internet through its website makeup.com. As a result of the sale of certain domain names, the company is now developing a new website and seeking new business opportunities and effective February 1, 2010, the company is in the development stage.

About US Cannabis, Inc.

US Cannabis, Inc. is a Nevada corporation and is committed to the management of medical clinics for the lawful diagnosis and treatment of patients that may derive benefit from medical marijuana treatments.

Safe Harbor Notice

Certain statements contained herein are "forward-looking statements" (as defined in the Private Securities Litigation Reform Act of 1995). LC Luxuries Limited cautions that statements made in this news release relating to the change of control and new business direction constitute forward-looking statements and makes no guarantee of future performance. Forward-looking statements are based on estimates and opinions of management at the time statements are made. These statements may address issues that involve significant risks, uncertainties, estimates and assumptions made by management. Actual results could differ materially from current projections or implied results. LC Luxuries Limited undertakes no obligation to revise these statements following the date of this news release.

The Pink OTC Markets Inc. does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • LC Luxuries Limited
    James Pakulis
    1-866-347-5057