FOUNTAIN HILLS, AZ--(Marketwired - Feb 13, 2014) - ML Capital Group, Inc. (OTCQB: MLCG) (OTCBB: MLCG) is proud to announce that it is entering into the medical marijuana industry on a national scale.
ML Capital Group, Inc. ("MLCG" or the "Company") recently signed a significant development agreement with an internationally acclaimed Smartphone application development company, Business App Station located in Dhaka, Bangladesh. They will develop a number of applications focused within the medical marijuana industry. The applications will be developed on the leading smart phone operating systems including Google's Android, Apple's IOS, Blackberry and Microsoft. The launch of these applications is anticipated to be during the second quarter of 2014.
The medical marijuana industry has been a highly dynamic environment over the past couple of years, and has shown considerable growth. With a total market size estimated to be $40 billion, there is considerable upside with the new states passing legislation to embrace the use of medical marijuana each month. In addition to the considerable medical benefits that have been found with medical marijuana, there are several studies that have also shown larger societal impacts that are very positive. In one research study authored by Dr. Daniel Rees in May 2013, published by the University of Chicago Press, it concluded that traffic fatalities decrease between eight and eleven percent in states where marijuana is legal in the first year after legalization. It also found that total beer consumption dropped five percent post-legalization and that traffic fatalities in which at least one driver had positive blood alcohol content levels lessened by 13.2 percent.
Mrs. Lisa Nelson, the Company's President and CEO, commented, "We believe that the benefits and help that medical marijuana provides to people is far beyond what most people may think and is an industry that is still in its infancy. We will be launching smart phone applications that help users connect with the leading resources relative to their specific needs, and will grow with the national and international expansion expected over the next several years. In addition, our approach in the market will establish the Company as a safe play within the industry as we do not handle, grow, distribute, or touch medical marijuana."
About ML Capital Group, Inc.:
ML Capital Group, Inc.'s primary business consists of providing management, financial and strategic consulting services designed to advance and improve an organization's ability to conduct its business more effectively and to foster sales growth, with a principal focus on assisting companies in the green technology industry. With this press release, the Company is expanding into "Green Medicine" and will develop and market its own line of smart phone applications.
ML Capital Group's stock is traded on the OTC Bulletin Board and OTC Markets where it is qualified to be listed in the QB marketplace as a current reporting company. You can access the Company's stock quote directly from OTC Markets at www.otcmarkets.com/stock/MLCG/quote. To find out more information on the Company, visit its website at www.mlcapitalgroupinc.com.
Safe Harbor Statement:
This update includes forward-looking statements. These forward-looking statements generally can be identified by phrases such as "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.