Medican Enterprises Inc. (MDCN:OTC) Acquires Mobiweb Network Inc., a Florida Conglomerate

Medican Enterprises Inc. (MDCN:OTC) is pleased to announce that, through extensive negotiations,  it has acquired  Mobiweb Network Inc., a conglomerate based out of Florida. 

Mobiweb Network Inc. owns the following business interests: (a) Seven professional drivers to race in NASCAR, IMSA and RALLY; (b)Strategic mobile  technology websites; (c) The Trending Entertainment Broadcast Networks; (d)Affiliates  NBC Sports Radio Mobiweb Mid Florida, MRN, Sports USA and Classic, Hip Hop and The Touch radio broadcasts; (e) A Distribution  Partnership for  Playboy Energy Drink in the U.S. 

 Mobiweb Network Inc.’s strategic focus is to continually place racing talent on the track so as to receive endorsements;  utilize technology so as to  grow the popularity of our websites; to launch the Trending Entertainment Broadcast Network within the next few months; to continue our affiliation with dedicated outlets for our radio broadcasts; and to  increase our market share of the energy beverage industry by exponentially increasing sales of our licensed Playboy Energy Drink.

As a term of the acquisition of Mobiweb Network Inc., Kelvin Lindsey will become the new CEO. In addition, Stephen Lind will be  named the Chief Operating Officer and  Chris Schafer  will be been named the Chief Logistics Officer. Ken Williams will remain as an officer and director but not as Chairman of the Board. His term will be for  a period of three months so as to assist in the transition.  

Kelvin Lindsey, CEO of Mobiweb Network Inc., states the following, “Shareholders will benefit from our interests in different  industries that are rapidly  growing.  However, the directors  have collectively decided to exit the marijuana industry completely. As a result, we  will change Medican’s name to  Mobiweb Racing

 

This press release and statements of representatives of Medican Enterprises, Inc. (the “Company”) related thereto includes forward-looking statements within the meaning of the U.S. federal securities laws. Forward looking statements are statements that are not historical facts. Such forward-looking statements are subject to significant risks and uncertainties that are subject to change based on various factors (many of which are beyond the Company's control), which could cause actual results to differ from the forward looking statements. Such statements may include, without limitation, statements with respect to the Company's plans, objectives, projections, expectations and intentions and other statements identified by words such as "projects," "may," "will," "could," "would," "should," "believes," "expects," "anticipates," "estimates," "intends," "plans," "potential" or similar expressions. These statements are based upon the current beliefs and expectations of the Company's management but are subject to significant risks and uncertainties, including those detailed in the Company's filings with the Securities and Exchange Commission. Actual results (including, without limitation, the results of the Company’s efforts to acquire and integrate Future Harvest as described herein) may differ from those set forth in the forward-looking statements. Except as required by applicable law, the Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.