BOCA RATON, Fla., Oct. 04, 2018 (GLOBE NEWSWIRE) -- Cleartronic, Inc., (OTCMKTS: CLRI) discusses its plans to spin-off its subsidiary into a new public company concentrating on the hemp based CBD business. The broadcast can be listened to worldwide at noon today, Thursday, October 4, 2018, with longtime broadcaster Mick Bazsuly who hosts the show. Listen live on 740 AM, 103.9 FM, and 95.9 FM in South Florida, and streamed live on www.AMP2.tv, as well as www.wsbrradio.com worldwide; submit questions in advance at www.mickbazsuly.com.
Larry Reid, President of VoiceInterop, stated, “We recently announced our exploration of entry into the red-hot cannabis market. The Cleartronic board of directors has approved the spin-off of VoiceInterop into a separate public company which is the first step in the process.”
“We believe that the spin-off will bring significant value to our Cleartronic shareholders,” said Reid. “The Cleartronic shareholders will receive a dividend in the form of shares of VoiceInterop.”
Reid continued, “VoiceInterop has signed a 'Memorandum of Understanding' with Bioprocessing Corp., a Florida based distributor of CBD products and extraction equipment used to extract CBD oils from the cannabis plants. This strategic partnership will allow VoiceInterop to enter the retail and wholesale CBD market.”
Reid closed by stating, “We will have additional announcements in the coming weeks outlining our new strategic partnerships and business plan. I look forward to providing all of this exciting news to our current and future shareholders.”
Found throughout the seeds, stalk, and flowers of cannabis plants, including hemp and marijuana, Cannabidiol, also known as CBD, provides numerous positive medical benefits and uses. Continuously, people seek the use of CBD products, which creates a high growth market in cannabidiol consumption.
About Cleartronic, Inc.
Cleartronic, Inc., a diversified holding Company, creates and acquires operating subsidiaries with the goal of manufacturing and selling products, services, and integrated systems to government agencies, business enterprises, and the general public. In addition to its ongoing research and development projects, Cleartronic currently has two operating subsidiaries, ReadyOp Communications, Inc. and VoiceInterop, Inc.- www.cleartronic.com, www.voiceinterop.com and www.readyop.com.
Safe Harbor Statement
This news release contains statements that involve expectations, plans or intentions (such as those relating to future business or financial results) and other factors discussed from time to time in the Company's Securities and Exchange Commission filings. These statements are forward-looking and are subject to risks and uncertainties so that actual results may vary materially. You can identify these forward-looking statements by words such as "may," "should," "expect," "anticipate," "believe," "estimate," "intend," "plan" and other similar expressions. Our actual results could differ materially from those anticipated in these forward-looking statements because of certain factors not within the control of the company. The Company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The Company disclaims any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.
Contact and Inquiries for Investor Relations:
Larry Reid
561-939-3300 Ext 143
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/2c6c13bd-9b14-4a68-9495-0a079582278a