Zoned Properties℠,
Inc. (OTC: ZDPY) -
December 18, 2014
Zoned Properties Issues Year End Shareholder Update
Zoned Properties recently reported unaudited third quarter
financials, in which it showed $10.5 M in assets including $9M in real estate
and equipment.
SCOTTSDALE, Arizona, December 18, 2014 - Zoned Properties, Inc. (OTC:
ZDPY) http://www.zonedproperties.com,
a lessor of land, facilities and equipment to licensed medical marijuana
operators has issued a year-end shareholder update.
The company is pleased to announce updates regarding its senior leadership team
and long-term operational strategy. Bryan McLaren, Chief Executive Officer, is
excited to bring together a Board of Directors with an extensive background in
business and leadership to help drive the future growth of the company. Mr.
McLaren has successfully recruited Irvin Rosenfeld, Art Friedman, and Alex
McLaren to join him on the Zoned Properties Board of Directors. The team is
currently speaking with prospective candidates to fill the fifth board position.
Our new Board of Directors includes leaders with vast experience from the
medical marijuana advocacy movement, the alcohol distribution industry, and the
field of medical research.
In addition, the company has signed agreements with Laura Anthony, ESQ to
represent the company as SEC Counsel, along with Adam Wasserman, CPA to manage
the preparation of the company’s financial statements. Mr. McLaren stated, “We
have worked hard to build an experienced leadership team at Zoned Properties
that will support our mission to create a company based on transparency and
integrity – I’m proud to know that this team believes in the vision for the
future for Zoned Properties.”
The company would like to announce the hiring of Michael Iacono, who will lead
our Business Development team. Mr. Iacono comes to the company as a licensed
real estate broker that will assist the company in expanding its operations on a
national level. As the industry progresses into other states, he will be tasked
with building the company’s backlog of opportunities. Currently, he will work to
set up a Zoned Properties presence in Florida, expanding the operational
network.
Zoned Properties recently reported unaudited third quarter financials, in which
it showed $10.5 M in assets including $9M in real estate and equipment. Those
assets primarily represent five properties acquired in Arizona and New Mexico.
At present time, four of the five properties have state-licensed medical
marijuana operators signed to ten-year lease agreements. Each licensed tenant is
currently operating and paying rent to Zoned Properties.
The company is evaluating expansion projects in Oregon and Washington, as well
as additional projects in Arizona and New Mexico. Mr. McLaren added "I am
inspired by what our team has accomplished to date and by what we plan to
accomplish in the coming months and years. We will continue recruiting top
talent to join our team and strategically expand our property portfolio. The
Board of Directors is pleased with the company’s third quarter profits and
outlook as we continue to expand aggressively in 2015. Our brand name and
leadership position within the industry gives us the ability to work with some
of the most sophisticated operators on a national scale. We will continue to
form these strategic relationships and successfully bring real assets to market
with long-term revenue."
About Zoned Properties, Inc. (OTC Pink: ZDPY):
Zoned Properties, Inc. is a strategic real estate investment firm whose primary
focus is acquiring commercial properties that face unique zoning challenges.
Zoned Properties, Inc. will acquire commercial properties zoned within a variety
of usage types such as industrial, agricultural, activity, performance or as
well as mixed use. Zoned Properties, Inc. also targets commercial properties
that can be acquired and potentially re-zoned for specific purposes. Zoned
Properties does not grow, harvest, sell or distribute cannabis or any substances
regulated under United States law such as the controlled substances act.
For more information please visit http://www.zonedproperties.com
FORWARD-LOOKING STATEMENT AND DISCLOSURE: This press release contains
forward-looking statements, including expected industry patterns and other
financial and business results that involve known and unknown risks,
uncertainties and other factors that may cause our actual results, levels of
achievements to differ materially from results expressed or implied by this
press release. Such risk factors include, among others: the continuation of
recent growth rates in the industry; the positioning of Zoned Properties, Inc.
in the market; ability to integrate acquired properties and technology; ability
to retain key employees; ability to successfully combine product offerings and
customer acceptance of combined products; general market conditions,
fluctuations in currency exchange rates, changes to operating systems and
product strategy by vendors of operating systems; and whether Zoned Properties,
Inc. can successfully execute their business plan. Actual results may differ
materially from those contained in the forward-looking statements in this press
release.
Investor Relations
Zoned Properties, Inc.
Phone: +1-877-360-8839
Email: investors@zonedproperties.com
SOURCE Zoned Properties, Inc.
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