NEW YORK, NY--(Marketwired - May 14, 2014) - Tumbleweed Holdings, Inc. an agri-technology company with a focus on legal cannabis (OTCQB: DCDC) is pleased to announce the addition of Seth Lukash to its Board of Directors.
Mr. Lukash has over three decades of experience leading public and private technology companies as a CEO and Director. He built Tridex Corporation, which was a publicly traded company that designed and manufactured printers and hardware platforms for the lottery, banking and point-of-sales market, from $6 million to $100 million in revenue. In addition, he was the CEO of Progressive Software, a provider of software to the quick service and restaurant industry. Mr. Lukash's expertise with automated manufacturing and tracking system technology will help guide Tumbleweed's growth particularly in terms of ensuring successful development and acquisition of technology platforms that maximize profitability.
Mr. Lukash stated, "I am excited about this opportunity to help guide and build Tumbleweed into a leader in the legal cannabis sector. I have studied and invested in the sector over the past few years, and I believe there are good opportunities to create shareholder value."
Gary Herman, the Company's Chairman stated, "We are pleased to have Seth join the Board and offer us his strong operational and financial experience. We have worked together for many years and I am confident we will build a world class company together."
This release contains "forward-looking statements" that include information relating to future events and future financial and operating performance. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management's good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause these differences include, but are not limited to: fluctuations in demand for Tumbleweed's products, the introduction of new products, the Company's ability to maintain customer and strategic business relationships, the impact of competitive products and pricing, growth in targeted markets, the adequacy of the Company's liquidity and financial strength to support its growth, and other information that may be detailed from time-to-time in the Company's filings with the United States Securities and Exchange Commission. Examples of such forward-looking statements in this release include statements regarding future sales, costs and market acceptance of products as well as regulatory actions at the Federal and State levels. For a more detailed description of the risk factors and uncertainties affecting the Company, please refer to the Company's Securities and Exchange Commission filings, which are available at www.sec.gov. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.