SOURCE: Novus Acquisition & Development Corp

September 25, 2014 08:00 ET

Novus/Vicente Sederberg Engagement Makes a Mile High Powerhouse

MIAMI, FL--(Marketwired - Sep 25, 2014) - Novus Acquisition & Development Corp. (PINKSHEETS: NDEV) ("Novus" or "the Company"), a provider of health care insurance related business through its subsidiary Novus Medical Group, Inc., today announced the engagement of the law firm Vicente Sederberg (Vicente) as its corporate legal advisor to assist with healthcare insurance in medical marijuana (MMJ) compliance issues. The law firm has extensive experience within the cannabis industry, playing an integral role in writing Colorado's Amendment 64 that established a legal marijuana market and serving on the Governor's task force to implement the law.

What makes Novus and Vicente relationship a good fit is that NDEV is a pioneer with its Novus MedPlan healthcare insurance model, gaining great acceptance with its benefits package/ health care plan providing in-network patients with discounts on wellness products and services including; medical marijuana medication, doctor consultations, and alternative medicinal products. Whereas Vicente has helped numerous marijuana-related businesses move from start-ups to industry leaders. Together, with our innovative and forward thinking, Novus continues its efforts in rolling out this innovative platform into new markets that is beginning next month.

Brian Vicente, Esq., a Partner and Founding Member of Vicente Sederberg, LLC, said, "We are pleased to have as a new client Novus Acquisition and Development Corp, as they strive to become industry leaders in connecting medical marijuana patients with a safe, high-quality medicine."

Vicente's associate, Jordan Wellington, Esq., spearheaded the legislation relating to the implementation of Amendment 64 and the legalization of marijuana through the Colorado General Assembly. Additionally, Jordan drafted rules governing testing, cultivation, product manufacturing, concentrate production, retail distribution, production management, and transportation, certification of laboratories, labeling, packaging, and storage.

About Novus
Novus Acquisition & Development Corp. ("Novus") provides health care insurance programs and related solutions to the Wellness industry, including the medical marijuana arena in states where legal MMJ programs exist.

NDEV will work as outside developers and will not cultivate, handle, transport grow, extract, dispense put up for sale, put on the market, vend, deliver, supply, circulate, trade, cannabis or any substances that violates the United States law or the Controlled Substances Act, nor does it intend to do so in the future and will continue to follow state and federal laws. The products and statements made about specific products have not been evaluated by the United States Food and Drug Administration (FDA) and are not intended to diagnose, treat, cure or prevent disease. All information provided on this press releases or any information contained on or in any product label or packaging is for informational purposes only and is not intended as a substitute for advice from your physician or other health care professional.

The state laws are in conflict with the federal Controlled Substances Act. The current administration has effectively stated that it is not an efficient use of resources to direct federal law enforcement agencies to prosecute those lawfully abiding by state designated laws allowing the use and distribution of medical marijuana. However, there is no guarantee that the current administration, nor any future administration, will not change this policy and decide to enforce the federal laws strongly. Any such change in the federal government's enforcement of current federal laws could cause significant financial changes to the Company. While we do not intend to harvest, distribute or sell cannabis or cannabis related products, we may be harmed by a change in enforcement by federal or state governments.

About Vicente Sederberg, Law Firm

We do not call ourselves "The Marijuana Law Firm" for nothing. No other firm in the country can compete with our experience in all facets of the marijuana industry. Shaping the Laws, where other firms may come close (or may claim to come close) to matching our experience in terms of client representation, but no firm can compete with Vicente Sederberg in terms of involvement in shaping the marijuana laws themselves. Our attorneys literally wrote Amendment 64, which established the legal marijuana market in Colorado, and served, on the governor's task force to implement the law. Since then, we have been hired by Pueblo County in Colorado to help the county draft their local retail marijuana ordinances. On the regulatory side, our voices are respected and our opinions are sought, not just in Colorado, but in other states and even in other countries. Vicente Sederberg Website;

Safe Harbor;
This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, includes codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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