DENVER, Aug. 14, 2015 (GLOBE NEWSWIRE) -- MassRoots, Inc. (OTCQB:MSRT), one of the largest and fastest-growing social networks for cannabis consumers, is pleased to announce it has crossed 475,000 users and has begun to monetize its user-base and digital properties.
Please see the MassRoots User Growth Chart at http://www.globenewswire.com/NewsRoom/AttachmentNg/1183832d-ee2c-4e67-bcf9-9e5bcd81edb8
“Over the past 25 months, MassRoots’ sole focus has been scaling our social networks of cannabis consumers as rapidly as possible, believing that once our network hit critical mass, thousands of businesses in the cannabis industry would want to advertise to our users. As we quickly approach a half million users, we believe that time has come,” stated MassRoots CEO Isaac Dietrich. “We have officially begun to monetize both our user-base and digital properties and, much like our user-base, we look forward to delivering consistent monthly growth in revenues.”
About MassRoots
MassRoots is one of the largest and most active communities of cannabis consumers with 475,000 users. It is proud to be affiliated with the leading organizations in the cannabis industry, including the ArcView Group and National Cannabis Industry Association. MassRoots has been covered by CNN, Fox Business, CNBC, Fortune, BBC, Cannabist and the New York Times. For more information, please visit Corporate.MassRoots.com.
This information does not constitute an offer to sell or a solicitation of an offer to buy securities or assets of MassRoots. All information presented herein with respect to existing business and the historical operating results of MassRoots, estimates and projections as to future operations, and other information, is based on materials prepared by the management of MassRoots and involve significant elements of subjective judgment and analysis which may or may not be correct. While the information provided herein is believed to be accurate and reliable, MassRoots makes no representations or warranties, expressed or implied, as to the accuracy or completeness of such information. In furnishing this information, MassRoots reserves the right to amend or replace some or all of the information herein at any time and undertakes no obligation to provide the recipient with access to any additional information. Nothing contained herein is or should be relied upon as a promise or representation as to the future.
Forward-looking Statements:
Certain matters discussed in this announcement contain statements, estimates and projections about the growth of MassRoots' advertising business, potential partnerships, and our related business strategy. Such statements, estimates and projections may constitute forward-looking statements within the meaning of the federal securities laws. Important factors that could cause our actual results to differ materially from those anticipated by the statements made herein include, among others, the success of our advertising initiatives, the continued growth and engagement of our user base, our ability to work with partners of the Company, and unforeseen technical or other problems or issues that could affect the performance of our products or our business. Further information on our risk factors is contained in our filings with the SEC, including the Post Effective Amendment to our S-1 Registration Statement filed with the SEC on August 11, 2015. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. Any forward-looking statement made by us herein speaks only as of the date on which it is made. MassRoots undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The recipient of this information is cautioned not to place undue reliance on forward-looking statements.