SOURCE: ML Capital Group Inc.

March 13, 2014 06:00 ET

ML Capital Group, Inc. Provides Update on the Commercial Launch of Its Products for the Medical Marijuana Industry

FOUNTAIN HILLS, AZ--(Marketwired - Mar 13, 2014) - ML Capital Group, Inc. (OTCQB: MLCG) (OTCBB: MLCG) is proud to announce its progress towards the commercial launch of its SuperStar Vapor Pens and Smartphone Application for the medical marijuana industry. 

ML Capital Group, Inc. ("MLCG" or the "Company") previously announced its entry into the medical marijuana ("MMJ") industry with the development of smart phone applications that connect people with an array of resources that support their needs, in addition to developing and commercializing a unique line of vapor pen products under their trademarked SuperStar brand.

The Company has recently completed the design and packaging for their unique SuperStar Vapor Pens product line with shipment of its first order of prototypes expected to be completed by the end of March. In addition, the Company has made considerable strides in contacting potential distributors and retail outlets that can carry the SuperStar Vapor Pen and anticipates that it will finalize a distribution agreement and/or a purchase order contract in the immediate future. Mrs. Lisa Nelson, the Company's President and CEO, stated "this is a very exciting time for ML Capital Group and we're very pleased with the great progress we've made towards the development of our SuperStar Vapor Pens in a few short weeks. Considering the near term launch of our SuperStar branded products -- it could not be timed better with the growth and news that is coming out of the medical marijuana industry."

MLCG also announced that it started the development of smartphone applications that provide valuable information to those who use medical marijuana. The Company is pleased to inform our shareholders that significant development has been completed and the application is expected to be ready for beta testing by the end of March, with an anticipated nation-wide launch in April. The first application being released will be the "SuperStar MMJ Dispensaries" app, which will provide location based services and specific information on each respective dispensary on a national scale. Furthermore, additional services, information and features will be available through the application, which will remain unannounced and in stealth mode during our current development phase.

The medical marijuana industry has experienced phenomenal growth during the past year and has been a highly discussed subject in the news and in conversations world-wide. Considering the current growth and opportunities in the MMJ industry -- it is still in its infancy. Earlier this week, and as reported in the Seattle Post-Intelligencer, the State of Washington's rules for legal pot growers were recently amended to let growers start with mature, but non-flowering plants. This is a critical adaptation from the earlier regulations, which specified that growers needed to start with a seed or a small clone, which would have taken much longer to flower and produce a usable product. Washington will start issuing licenses for weed growers on Dec. 1, so depending on how long it takes for actual licenses to be issued, there could be ripe, mature buds on the market by early spring. Washington and Colorado were the first two states to make recreational weed legal in historic votes that took place on Election Day in 2012.

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 as well as produces, markets and sells its own branded products that are specifically focused on the medical marijuana, or "green medicine", industry.

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. 

Contact Information

  • Investor Relations Contact:

    Lisa Nelson
    President & CEO
    ML Capital Group, Inc.
    Phone: 480-816-5308
    Email: lisa@mlcapitalgroupinc.com