HENDERSON, NV - (NewMediaWire) - August 18, 2015 - Café Serendipity Holdings, Inc. (OTC PINK: CAFSD) (the "Company"), We would like to take this opportunity to update our shareholders on our business. The company is diligently working on its business model and just recently announced the licensing of a flagship store in Oregon. We believe we will have additional stores to announce in the state of Oregon over the coming few months. We fully anticipate that California will go recreational late 2016. Since California is currently 50% of the business nationwide, that will give the company the ability to expand its brand in recreational stores. There are a host of other states that have approved the legalization of marijuana that will be coming online in 2016 and 2017.
We are currently working in the Maryland, Illinois, Pennsylvania, Florida and Ohio markets. We also see e-commerce opportunities within the legal marijuana space that the company is exploring by creating an online marketplace. We believe that the regulatory environment between the Federal and States needs to improve so there is clarity between them that is conducive to building businesses with the proper banking foundation, card processing and real estate acquisition model that allows fundamental growth. We are very confident that these issues will be resolved by the regulatory bodies. This would allow for a more transparent growth strategy for the legal marijuana industry and the expansion of our business model. "We would like to thank our shareholders for their continued support and confidence in our company," said Bob McNulty, Chairman.
About Café Serendipity Holdings, Inc.
Based in Henderson, Nevada, Café Serendipity Holdings, Inc. owns and operates Café Serendipity. The Company is a builder of upscale branded turnkey retail stores in the recreational adult use, and medical marijuana dispensary industry. The Company is marketing its unique brand and product lines through a coast to coast licensing network of Company approved stores and growers. The licensed stores and growers benefit from Café Serendipity's proprietary technology solutions, quality control sciences to the growers, ERP/POS systems and a growing list of tier 1 brands and vendors.
Safe Harbor: This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Café Serendipity, its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Café Serendipity Holdings, Inc. ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in Café Serendipity Holdings, Inc. filings with the OTC Markets, Securities and Exchange Commission and/or the Company's website.
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