SAN GERONIMO, CA -- (Marketwired) -- 06/17/13 -- Virogen Inc. (OTC Pink: VRNI), a holding company that owns Tiger Team Technologies and The Cannabis Connection, today announced that it has partnered with California's TheMedMen, a medicinal marijuana consulting firm, in a venture that is intended to bring broader exposure to both firms. VRNI expects that, by venturing with TheMedMen, it will be in a position to gain a foothold in the medical marijuana industry, particularly in the lucrative areas of retail supply, support and consulting. TheMedMen anticipates that its association with a publicly-traded company will serve to increase its profile within the $15-20 billion legal marijuana industry.
"The Marijuana Green Rush has taken on a national scope. We provide consulting to all emerging cannabis markets across the country, so it is a natural next step to partner with a publically traded company to have an even greater reach for our much sought after services," said Monica Burrell, Director of Business Development for TheMedMen.
"We believe that our partnering with TheMedMen will allow us to establish our company within the medicinal marijuana industry as an agent for consolidation of the fragmented industry," said Paul Hogan, President of VRNI. Mr. Hogan continued, "Our plans for consolidation include the acquisition of businesses that are involved in all facets of the industry, including dispensary management, product cultivation, dispensary design and build-out, licensing, product delivery services, branding and marketing." Mr. Hogan noted that the portion of the medicinal marijuana industry outside of dispensary ownership represents approximately $6 billion in annual revenues, an industry segment well worth VRNI's efforts.
About The Med Men
TheMedMen, a self-proclaimed California Grown company, consults on medicinal marijuana projects all over the United States. The areas of TheMedMen's consulting services are cultivation, dispensary design and build-out, licensing, brokering joint ventures, product delivery services, cannabis education, branding and marketing. More information about TheMedMen is available at: www.themedmen.com.
About Virogen, Inc.
In addition to developing its recently announced business unit, The Cannabis Connection, Virogen, Inc. is a technology holding company. The company's wholly owned subsidiary, Tiger Team Technologies "T3," has developed a unique suite of copyrighted tools to address the network and database security needs of enterprise level companies and corporations. T3's risk management offering provides an unprecedented level of security and liability protection, positioning it as one of the only companies with a comprehensive solution to data security breaches for its clients. T3's primary markets include medical service providers, financial services firms, brokerages and currency transaction platforms, consumer credit card companies, banking entities, retailers, defense and government related operations.
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Virogen, Inc. and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions the occurrence of unanticipated events or changes to future operating results.
Tiger Team Technologies
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