Market Overview

Acology Purchases Entire MedTainer Intellectual Property Portfolio

Share:

CORONA, Calif., April 23, 2018 (GLOBE NEWSWIRE) -- Acology Inc. (OTC:ACOL) is pleased to announce the purchase of the entire intellectual property portfolio for their signature product, the MedTainer™. The purchase includes both the U.S. design and utility patents, patents-pending in the European Union, international trademarks, domain names and all manufacturing processes and licenses, including molds, casts, patterns and forms. These properties, previously held by Polymation LLC, will enable the company to move forward with Acology's plan to expand its growing operation and enable it to begin developing new products based on the unique engineering principles that have made the MedTainer so successful. Acology's public portfolio also expands considerably with this acquisition.

The acquisition of the intellectual property catalog took nearly a year to negotiate with final execution of the agreement April 14, 2018.

"It's most gratifying to say the least, to complete an acquisition that provides such significant benefit to the Company and our shareholders," says Acology CEO, Curt Fairbrother. "This acquisition is consistent with our aggressive expansion into the Californian and Canadian markets where beneficial legislation may soon pass. Armed with this expansive Intellectual Property portfolio, we can now begin to really concentrate on penetration into markets that we have identified as underserved."

"We believe we have an indispensable product for not one, but two, rapidly expanding industries in the rapidly growing legal marijuana marketplace," added Acology's Chief Operating Officer, Doug Heldoorn. "Our intention has always been to become a truly global enterprise and I believe this purchase is a significant catalyst to that objective."

For investor or sales information please visit Acology Inc. and D&C Distributors online or by phone. The company is located in their production and distribution facility at 1620 Commerce St. Corona, California, 92880.

Acology trades on the OTC via the stock symbol "ACOL." The company's websites are www.Acologyinc.com for the hospice and palliative care industry, and www.themedtainer.com for the recreational and medical marijuana industry. Orders for Acology products can be taken online and by phone. Custom orders are especially welcome.  Please send all inquiries to info@acologyinc.com or call (844) ACOLOGY (844-226-5649). Ask for Jack Rein, National Services Director.  Acology can also be accessed through Twitter and Instagram at @Acologyinc

This press release includes statements that are covered by the Private Securities Litigation Reform Act of 1995. Because such statements deal with future events they are subject to risks and uncertainties and actual results for fiscal year 2016 and beyond could differ materially from the company's current expectations. Forward-looking statements are identified by such words as "anticipates", "projects", "expects", "planned", "intends" and "believes" "estimate" "targets" and other similar expressions that indicate trends and future events. It is understood that investment entails risk on the part of the investor and could result in the loss of some or all of his or her investment. 

Primary Logo

View Comments and Join the Discussion!