NEW YORK, March 23, 2004 (PRIMEZONE) -- Amigula Incorporated (Pink Sheets:AMJL) (the "Company" "Amigula" or "AMJL"), the World's First Publicly traded Medical Marijuana Company, was featured on the front page of the NEWSDAY daily publication 'AM-New York' -- www.am-ny.com today and was also featured and broadcast live on a segment of Court TV -- www.courttv.com. Amigula's President, Warren Eugene, was interviewed for Monday's front page of 'AM-New York' on Sunday March 21, 2004. Court TV contacted Mr. Eugene Monday morning for the broadcast segment that aired live with Catherine Crier at approximately 5:45PM EST.
The Company intends to have both the newspaper feature from 'AM-New York' and the video from Court TV segment available on the www.Amigula.com website. The Company believes that it is assisting in educating the audience in regard to the medicinal marijuana message as a viable medicinal therapy for a variety of illnesses, including Multiple Sclerosis, Epilepsy, Arthritis, Glaucoma, Aids, Nausea -- Chemotherapy, Anxiety, Stress, as well as other maladies and dysfunctions.
"Amigula intends to educate people with the message that Amigula is an agricultural pharmaceutical company on a mission to do good for others. There is so much misconception and myth surrounding marijuana that the Company believes that it needs to assist in getting the right messages out. One of Amigula's messages is simple -- Marijuana is an excellent form of homeopathic therapy for those suffering and requiring medication. This is history in the making," stated Warren Eugene, President of Amigula Inc.
About Amigula Inc.
Amigula Inc.(www.Amigula.com) has recently completed the purchase of 51% of Medical Cannabis Inc. and has announced their plans to file as a reporting issuer. The company plans to list on additional exchanges in the US and European exchanges. The company views the current prohibition of marijuana as similar to that of alcohol, beer and tobacco. Canada's marijuana crop alone is estimated at $4 billion to $7 billion. If a single company controlled it, it would be larger than Canada's oil and gas business and agricultural industries. On October 7, 2003 the Ontario Superior Court ruled that business and individuals be allowed to grow and supply medical marijuana, effectively relieving the Canadian government of its often criticized and fairly unsuccessful attempts. Health Canada "permitted persons" (exemptees) can now pay Amigula to grow marijuana for them. The ruling makes it easier for sick people to get marijuana by allowing them easier access -- more choice and fair prices. The company has a mandate to develop and improve the medical marijuana business worldwide and is on the acquisition and consolidation trail of other legal licensed marijuana operations with notable international brands.
Statements in this press release that are not historical facts are forward-looking statements within the meaning of the Securities Act of 1933, as amended. Those statements include statements regarding the intent, belief or current expectations of the Company and its management. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward- looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing and access funds from our existing financing arrangements that will allow us to continue our current and future operations. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events.