LOS ANGELES, CA , May 10, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – NUGL Inc. (OTC: NUGL) (the “Company”), a social media networking platform, extensive cannabis directory, and diversified media company born in the cannabis community, is again urging current and prospective investors to ignore illicit, unauthorized solicitations or inducements to buy shares of the Company from any entity. NUGL has received credible reports that an entity describing itself as “ValueLine” is encouraging investors to take a position in the Company and may be giving false or misleading statements to investors.
NUGL does not have and has never had any association with ValueLine, its employees, or operators; and ValueLine has no access to non-public information regarding the Company or its future plans. NUGL further believes that ValueLine has provided investors with information that is patently false. We further advise that no one should buy or sell any shares based upon contact with any party soliciting prospective investors or making claims about the Company which has not been publicly disclosed by the Company itself. NUGL has never authorized any party to call prospective investors for this or any other purpose.
NUGL has one Investor Relations agency of record, veteran Investor Relations firm Integrity IR, which is authorized to speak for the Company. Integrity IR does not proactively call investors and can be reached at the number or email below. Integrity IR has no association or contact with ValueLine. In addition, NUGL is constantly updating its website at https://company.nugl.com, social media platforms and prides itself on transparency and easy access to information.
“NUGL will continue to build its brand and execute its diversified business plan in the rapidly expanding cannabis industry. We have been growing steadily and according to plan,” stated Brandon Vargas, CEO, NUGL Inc. “We won’t sully our good name and success with entities who comport themselves in the manner we’ve been told. Hopefully our comments today make it impossible for good people to be brought to NUGL the wrong way and for the wrong reasons.”
About NUGL
NUGL is the world’s first cannabis search app built for the people, by the people. Our goal is to build the most user-friendly app experience in the cannabis industry by listening to our users and giving them what they want. NUGL is the only cannabis search app that offers equal and unbiased search results. We don’t sell top-spot listings or fake reviews, so our data stays true. Use NUGL to search for genuine user-rated dispensaries, strains, doctors, lawyers, cannabis service providers, vape shops, hydro stores, brands and more. NUGL’s flexible web app has no geographic limitations and can rapidly connect cannabis companies, related vertical services and users. The NUGL iOS and Android app brings a powerful cannabis search tool within reach of anyone, anytime, anywhere with the ease of a smartphone.
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Forward-Looking Statements
Certain statements in this press release may be considered "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may include projections of matters that affect revenue, operating expenses or net earnings; projections of growth; and assumptions relating to the foregoing. Such forward-looking statements are generally qualified by terms such as: "plans", "anticipates," "expects," "believes" or similar words of like kind. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or qualified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking information. These factors are discussed in greater detail in the company's business plan and filings with the OTC Markets Group.