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0 1108

FutureWorld (FWDG) CB Scientific to Deliver Affordable Legal Global Access to Complete Cannabis Testing for Potency & Detection

Denver, Colorado, Sept. 8, 2015 (GLOBE NEWSWIRE) — FutureWorld Corp. (FWDG), a cannabis technology accelerator and a leading provider of advanced technologies and solutions to the global cannabis industry, announced today that its subsidiary, CB Scientific, a leading Cannabis (hemp) Science and Technology company, has signed an exclusive global distribution agreement with uPREP Laboratory Test Kits Inc. The agreement pairs uPrep’s high-quality testing product portfolio and its industry-leading scientific laboratory testing, which enables quality assurance and patient safety within Cannabinoid Medicine, with CB Scientific’s technological innovations and marketing expertise.

Under the terms of the agreement, CB Scientific will employ its sales and marketing, eCommerce expertise, and the strength of its relationships with the cannabis and hemp community, to market and distribute the uPrep’s test kit product portfolio, globally. uPrep’s product portfolio distributed by CB Scientific includes;

THC/CBD/CBN Test kit – Lab tested test kits for complete breakdown of the potency level
Terpene Test kit – Lab tested test kits for complete terpene profile & residual solvents
Pesticide Test kit – Lab tested test kits for insecticides, fungicides & harmful chemicals
Hair Toxicology Test kit – Lab tested test kits for drug use pattern
Illicit Drug Urinalysis Test kit – Selftest & instand test kits for 7 illicit drugs and 5 prescription drugs
For more information, please visit http://www.uprep.ca

“CB Scientific is excited to offer the global cannabis (hemp) community access to uPrep’s leading portfolio of tests legally and without boundaries. The addition of the uPreps laboratory testing kits and tools supports our strategy to augment our current portfolio with quality products that accelerate Cannabinoid Medicine industry research and safety testing programs,” said Henry Biza, CEO of CB Scientific. “We look forward to working with uPrep through this relationship.”

“This agreement allows us to provide more customers with access to high-quality testing kit products through CB Scientific’s expanded eCommerce and distribution networks, “said Calum Hughes (Co-Director of uPREP). “In addition, this will provide us the flexibility to devote more resources to our primary focus areas.”

“We are excited to announce this worldwide distribution agreement. In our humble opinion, CB Scientific has the perfect blend of scientific knowledge and business acumen to represent and distribute the uPREP products worldwide. It is clear to us that CB Scientific is a company that achieves what it sets out to do. This, paired with a shared vision of quality and patient safety, is the perfect synergy that we were looking for. We are very excited to see the success to come.” Mr. Donald Schultz (Co-Director of uPREP).

Transition of the sales and marketing of uPrep’s portfolio (of products and services) to CB Scientific is expected to take place in October, 2015. The testing products and services are available in all States and Countries. The unique patented process creates a global legal environment to offer complete testing of cannabis related products.

For more information on how to access this portfolio of products, please email us at; sales@cbscientific.com.

About uPREP Laboratory Test Kits, Inc.

uPREP Laboratory Test Kits Inc, (www.uprep.ca) is a privately held corporation based in British Columbia, Canada. uPREP is on the leading edge of development for novel home preparation scientific laboratory test kits that enable quality assurance and patient safety within Cannabinoid Medicine. The uPREP vision is that every patient should be enabled with the science and knowledge of what is contained within their medicine. The novel, patented uPREP Kits walk the user through a safe, anonymous, and legal home preparation method to render the samples under the legal threshold of 10 parts per million. The samples can then be legally shipped to the uPREP gold standard laboratory and the results posted for download on the uPREP website. Included in the purchase of the kit is the laboratory where the proprietary re-hydration, testing and analysis happens. The uPREP laboratory boasts the highest standard Ultra High Performance Liquid Chromatography, (HPLC), Gas Chromatography (GC), and Mass Spectrometry analysis by our Research and Development team of PhD Scientists. There are many more products currently in the pipeline and we are very excited to see the market enjoy the science and patient safety that they bring to medicine.

To request further information about uPREP and current and future products, please email us at info@uprep.ca, 1-888-501-2644

About CB Scientific Inc.

CB Scientific (www.cbscientific.com) is a wholly owned subsidiary of FutureWorld Corp based in Denver, Colorado. CB Scientific is continuing to develop new technologies specifically for cannabis (hemp) analytics. CB Scientific believes every product sold to patients as “Medical Quality” should be inspected for health benefits, safety, consistency, purity, potency and packaged properly for distribution. CB Scientific has worked with many of the cannabis industry leaders in the country and have also been featured in cannabis industry publications including High Times Magazine, Culture and many trade publications, on-air interviews and panel discussions across the United States. CB Scientific’s focus has been the education and safety of consumers combined with innovation to put power into the hands of the patients. Values that FutureWorld is pleased to embrace while ever striving to raise the bar of cannabis analytics even higher.

The test kits have been featured on ABC, CBS, Fox, Telemundo, The Adam Dunn Show, as well as in publications such as High Times, Culture and Forbes Magazine. In December 2014, just 94 days after its launch the THC & CBD Test Kits were awarded “Product of the Year” by the Cannabis Business Awards in Colorado.

To request further information about CB Scientific, please email us at info@cbscientific.com, log onto our website athttp://www.cbscientific.com or visit us on FB at cbscientificinc and Twitter @cbscientific.

About FutureWorld Corp.

FutureWorld (FWDG), a Delaware corporation, is a leading provider of advanced technologies and solutions to the global cannabis industry. FutureWorld, together with its subsidiaries, focuses on the identification, acquisition, development, and commercialization of cannabis related products and services, such as industrial Hemp. FutureWorld, through its subsidiaries, provides personal and professional THC and CBD test kits, pharmaceutical grade CBD oil solutions, SafeVape vaporizers, smart sensor technology, communication network, surveillance security, data analysis for smart cultivation and consultation for the industrial hemp and legal medicinal cannabis. Our wireless agricultural smart sensor networks offer precision to the agriculture, irrigation systems, and greenhouses for the global cannabis and hemp industry. FutureWorld and its subsidiaries do not grow, distribute or sell marijuana.

As the only Cannabis Technology Accelerator, FutureWorld will incubate and fund leading technologies, products, and services for Cannabis industry (Industrial Hemp) for foreseeable future; bringing value to its core and its shareholders.

To request further information about FutureWorld, please email us at info@futureworldcorp.com, log onto our website at http://www.futureworldcorp.com or visit us at our Facebook page at futureworldcorp or on Twitter @futureworldinc.

Forward-Looking Statements

This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that we may not produce today and that meet defined specifications. When used in this press release, the words “plan,” “expect,” “believe,” and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets. This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.

Contact:
Contact:
Media Contact
FutureWorld Corp.

Http://www.futureworldcorp.com

info@futureworldcorp.com
cox@futureworldcorp.com
(727) 474-1816 ext. 103
Twitter – @futureworldinc
Facebook – futureworldcorp

0 1089


Form 10-Q for FUTUREWORLD CORP.


17-Feb-2015

Quarterly Report

Item 2. Management’s discussion and analysis of financial condition and results
of operationsYou should read the following discussion and analysis in conjunction with the information set forth under Item 6, Selected Consolidated Financial Data, and our consolidated financial statements and related notes included elsewhere in this Annual Report on Form 10-K. The statements in this discussion regarding our expectations of our future performance, liquidity and capital resources, and other non-historical statements in this discussion are forward-looking statements. These forward-looking statements are subject to numerous risks and uncertainties, including, but not limited to, the risks and uncertainties described under “Risk Factors” and elsewhere in this Annual Report on Form 10-K. Our actual results may differ materially from those contained in or implied by any forward-looking statements. Our significant accounting policies are more fully described in Note 1 to the financial statements. However, certain accounting policies are particularly important to the portrayal of our financial position and results of operations and require the application of significant judgment by our management; as a result they are subject to an inherent degree of uncertainty. In applying these policies, our management uses their judgment to determine the appropriate assumptions to be used in the determination of certain estimates. Those estimates are based on knowledge of our industry, historical operations, terms of existing contracts, and our observance of trends in the industry, information provided by our customers and information available from other outside sources, as appropriate.

Overview

FutureWorld (Other OTC: FWDG), a Delaware corporation, is a leading provider of advanced technologies and solutions to the global cannabis industry. FutureWorld, together with its subsidiaries, focuses on the identification, acquisition, development, and commercialization of cannabis related products and services, such as industrial Hemp. FutureWorld, through its subsidiaries, provides personal and professional THC and CBD test kits, pharmaceutical grade CBD oil solutions, SafeVape vaporizers, smart sensor technology, communication network, surveillance security, data analysis for smart cultivation and consultation for the industrial hemp and legal medicinal cannabis. Our wireless agricultural smart sensor networks offer precision to the agriculture, irrigation systems, and greenhouses for the global cannabis and hemp industry. FutureWorld and its subsidiaries do not grow, distribute or sell marijuana.

Key Elements of Operating and Financial Performance

We monitor the key elements of our operating and financial performance to help us evaluate growth trends, determine investment priorities, establish budgets, measure the effectiveness of our sales efforts and assess operational efficiencies.

Revenue

Currently, we derived all of our revenue from sales of URVape vaporizer pens, PersonalAnalytics test kits, FutureLand land lease agreement and selling our CBD oil under “CBDESSENCE”. In 2014, lease and product revenue represented 100% of our total revenue.

We expect to diversify our revenue base by licensing and selling HempTech related products and services by the end of 2014 and beyond.

Cost of Revenue and Gross Profit (Loss)

Product cost of revenue consists of third party product costs, including raw materials, component parts and associated freight, and normal yield loss in the period in which we recognize the related revenue. In addition, product cost of revenue may include compensation, benefits and stock-based compensation provided to our personnel, and overhead and other direct costs, which are recognized in the period in which we recognize the related revenue. Further, we recognize certain costs, including logistics costs, expenses for inventory obsolescence, warranty obligations, lower of cost or market adjustments to inventory, and amortization of intangibles, in the period in which they are incurred or can be reasonably estimated.

Service cost of revenue includes compensation and related costs for our yearly maintenance service delivery, customer operations and customer support personnel, facilities and infrastructure cost and depreciation. In accordance with our accounting policies, we recognize service cost of revenue in the period in which it is incurred even though the associated service revenue may be required to be deferred as described under “-Critical Accounting Policies and Estimates-Revenue Recognition.”

Our gross profit (loss) varies from period to period based on the volume, average selling prices, and mix of products and services recognized as revenue, as well as product and service costs, expense for warranty obligations, and inventory write-downs. The timing of revenue recognition and related costs, which depends primarily on customer acceptance, can fluctuate significantly from period to period and have a material impact on our gross profit and gross margin results.

Operating Expenses

Operating expenses consist of research and development, sales and marketing, and general and administrative expenses, as well as legal settlement expenses and amortization of acquired intangibles. Personnel-related expense represents a significant component of our operating expenses.

Sales and Marketing

Sales and marketing expense consists primarily of; compensation, benefits, sales commissions and stock-based compensation provided to our sales, marketing and business development personnel, as well as facility costs and other related overhead; marketing programs, including expenses associated with industry events and trade shows; and travel costs.

General and Administrative

General and administrative expense consists primarily of; compensation, benefits and stock-based compensation provided to our executive, finance, legal, human resource and administrative personnel, as well as facility costs and other related overhead; and

fees paid for professional services, including legal, tax and accounting services.

RESULTS OF OPERATIONS

Revenues

Total revenue for three months ended December 31, 2014 and 2013 was $362,416 and $0.00, respectively, representing an increase of 100%. Substantially all revenue from 2014 was derived from few customers. The increase in total revenue is attributable to our successful ongoing product development efforts and inventions such as URVape and PersonalAnalytics test kits. We expect to substantially increase our total revenue by marketing HempTech related products and services for the next several quarters.

Total revenue for nine months ended December 31, 2014 and 2013 was $440,188 and $0.00, respectively, representing an increase of 100%. Substantially all revenue from 2014 was derived from few customers. The increase in total revenue is attributable to our successful ongoing product development efforts and inventions such as URVape, PersonalAnalytics test kits and our land lease. We expect to substantially increase our total revenue by marketing HempTech related products and services for the next several quarters.

Selling, General and Administrative Expenses.

Selling, general and administrative expenses for the three months ended December 31, 2014 and 2013 were approximately $367,453 and $40,312 respectively. The increase in selling, general and administrative expenses in 2014 as compared 2013 was due primarily to the cost of additional human resources, higher professional fees related to fees associated with additional debt financings. General and administrative expenses increased due to additional expenses incurred as the result of the Company’s start of operating activities.

Selling, general and administrative expenses for the nine months ended December 31, 2014 and 2013 were approximately $885,818 and $147,502, respectively. The increase in selling, general and administrative expenses in 2014 as compared 2013 was due primarily to the cost of additional human resources, higher professional fees related to fees associated with additional debt financings. General and administrative expenses increased due to additional expenses incurred as the result of the Company’s start of operating activities.

Net Loss from Operations. For the quarter ended December 31, 2014 and 2013, we incurred net losses of $167,996 and $52,730, respectively. Losses also include depreciation and amortization, non-cash expenses, in the amount of $112,304 and $9,870 for the quarter ended December 31, 2014 and 2013, respectively. There were no write downs in 2014: however, impairments and write downs of certain assets occurred in 2014 and 2013, due to valuation assessments by management, incurring charges of approximately $25,338 and $31,538 respectively.

Net Loss from Operations. For the nine months ended December 31, 2014 and 2013, we incurred net losses of $816,542 and $208,677, respectively. Losses also include depreciation and amortization, non-cash expenses, in the amount of $115,109 and $42,810, respectively. There were no write downs in 2014: however, impairments and write downs of certain assets occurred in 2014 and 2013, due to valuation assessments by management, incurring charges of approximately $25,338 and $31,538 respectively

Compensation and consulting expenses were $124,296 and $39,132 for the three months ended December 31, 2014 and 2013 respectively, Compensation and consulting expenses were $354,578 and $146,055 for the nine months ended December 31, 2014 and 2013 respectively. The increases are due to the increase in operations and officer compensation.

LIQUIDITY AND CAPITAL RESOURCES

We had $150,794 in cash at December 31, 2014, and $60,047 respectively remaining on the lines of credit from Mr. Talari with which to satisfy our future cash requirements. Our management believes that the credit lines will support only limited activities for the next twelve months. The Company depends upon capital derived from future financing activities such as loans from its officers and directors, subsequent offerings of its common stock or debt financing in order to operate and grow the business either directly or through its subsidiary. There can be no assurance that the Company will be successful in raising such capital. The key factors that are not in the Company’s control and that may have a direct bearing on operating results. These factors include, but are not limited to, acceptance of the Company’s business plan, the ability to raise capital in the future, the ability to expand its customer base, and the ability to hire key employees to grow the business. There may be other risks and circumstances that management may be unable to predict. We had no other contractual obligation or material commercial commitments for capital expenditures.

Our critical accounting policies include:

Revenue Recognition. We recognize revenue from licensing our software upon the installation and acceptance of the software by customers in accordance with Statement of Position 97-2, Software Revenue Recognition. When a software sales arrangement includes rights to customer support, the portion of the license fee allocated to such support is recognized ratably over the term of the arrangement, normally one year. Revenue from professional services arrangements will be recognized in the month in which services are rendered over the term of the arrangement. We also recognize revenue from selling URVape vape pens and our THC and CBD testing kits calls, PersonalAnalytics when purchase orders received.

Long-Lived Assets – We depreciate property and equipment and amortize intangible assets, including software development costs over the respective assets’ estimated useful life and periodically review the remaining useful lives of our assets to ascertain that our estimate is still valid. If we determine a useful life has materially changed, we either change the useful life or write the asset down or if we determine the asset has exhausted its useful life, we write the asset off completely.

Stock Based Compensation – We account for stock based compensation under the provisions of Statement of Financial Accounting Standards No. 123, (revised 2004) Share-Based Payments. Under the fair value recognition provisions of SFAS 123R, we recognize stock-based compensation expense net of an estimated forfeiture rate and therefore only recognize compensation cost for those shares expected to vest over the service period of the award. Calculating stock-based compensation expense requires the input of subjective assumptions, including the expected term of the option grant, stock price volatility, and the pre-vesting option forfeiture rate. We estimate the expected life of options granted based on historical exercise patterns. We estimate stock price volatility based on historical implied volatility in our stock. In addition, we are required to estimate the expected volatility rate and only recognize expense for those shares expected to vest. We estimate the forfeiture rate based on historical experience of our stock-based awards that are granted, exercised or cancelled.

Income Taxes – We record federal and state income tax liability in accordance with Statement of Financial Accounting Standards No. 109 – Accounting for Income Taxes. Deferred income taxes are provided on the liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carry forwards, and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in our opinion, it is more likely than not that some portion or all of the deferred tax assets will not be realized.

Recent Accounting Pronouncements

The Company reviews new accounting standards as issued. No new standards had any material effect on these financial statements. The accounting pronouncements issued subsequent to the date of these financial statements that were considered significant by management were evaluated for the potential effect on these consolidated financial statements. Management does not believe any of the subsequent pronouncements will have a material effect on these consolidated financial statements as presented and does not anticipate the need for any future restatement of these consolidated financial statements because of the retro-active application of any accounting pronouncements issued subsequent to December 31, 2014 through the date these financial statements were issued.

Off-Balance Sheet Arrangements

We do not participate in transactions that generate relationships with unconsolidated entities or financial partnerships, such as special purpose entities or variable interest entities, which have been established for the purpose of facilitating off-balance sheet arrangements or other limited purposes.

Management Consideration of Alternative Business Strategies

In order to continue to protect and increase shareholder value management believes that it may, from time to time, consider alternative

management strategies to create value for the company or additional revenues. Strategies to be reviewed may include acquisitions; roll-ups; strategic alliances; joint ventures on large projects; and/or mergers.

The Company is currently in the final stages of selling all the assets of HempTech Corp to a publicly traded company. Management believes that acquisitions will be a catalyst for advancing the Company’s existing technology and products to attain greater market share. Additionally, we are seeking capital financing for the purposes of furthering our plan of operations.

0 1347

FutureWorld (FWDG) Subsidiary HempTech Introduces “Mithra”-LED Line of Products

Automated Smart LED Lighting System for

 ST. PETERSBURG, FL, Feb. 10, 2015 (GLOBE NEWSWIRE) — HempTech Corp., a FutureWorld Subsidiary (FWDG), focusing on the technology aspects of the commercial grow industry is announcing the availability of Mithra I, our first line of Automated Smart LED Lighting System for the commercial grows. In partnership with some of the leading manufacturers and technology developers, the Mithra(TM) LED line of products are designed with solid state relays and controlled by Programmable Logic Controllers (PLC) with the ability to manage the lights from a centralized management system. With the ability to adjust the frequency and intensity of the lights, various grow conditions can be imposed to manage the complete life cycle of the plants.

The lights are built for environmentally harsh conditions and as such will provide long life in indoor grow facilities. With high output of 5W per LED and life span between 50,000 and 100,000 hours, the growers will be able to realize considerable power savings over the years. Automated controls of several bands of light spectrum, gives the grower the ability to determine precisely what bands and how much intensity to use to increase yields during a grow cycle. The Mithra(TM) LED is the only patented product of its kind available solely from HempTech for the agricultural and grow industry.

The Mithra(TM) LED Lighting System is part of the overall secure automated grow platform called “GrowCOMM(TM)”. Mithra(TM) LED is also available separately. HempTech so far has received its largest order of “Mithra I” in February for 400+ smart LED.

For more information please contact; sales@hemptechcorp.com.

About HempTech Corp

HempTech, a subsidiary of FutureWorld, is a technology company catering to the cultivators of industrial hemp market and legal medical marijuana. HempTech provides cutting edge technology that allows cultivators to securely collect and analyze every aspect of a horticultural operation. SPIDer(TM) provides Secure Perimeter Intrusion Detection and is a state of the art security solution for a cultivation operation. Through their proprietary data collection system SmartSense(TM) and analytics dashboard CaNNaLyTiX(TM) HempTech Corp. provide growers unparalleled data analysis capabilities for their plants. SmartNergy(TM) not only controls every aspect of electrical usage within a cultivation operation it is actively managing settings and monitoring usage to make sure the #1 cost of an operation (Energy) is monitored and controlled at optimum levels at every stage of processing a harvest. Couple in CannaTRAK(TM), our ground up remodeling of a “Seed to Sale” tracking software system, and master growers will be handed a complete toolset that can provide the real answer to a grower’s ultimate question… “How did we do that?” CaNNaLyTiX’s sophistication will show the master growers exactly how a harvest came into being. Virtually every component of the plants vegetative growth matrix and ultimate flower harvest is tracked, documented and available in visible format both in real-time and historically to ensure that the baselines set by the master grower are adhered to by the cultivation staff. CaNNaLyTiX(TM), providing essential tools to Know Your Grow! HempTech – America’s Future Taking Root Today.

To request further information about HempTech, please email us at info@hemptechcorp.com, log onto our website at http://www.hemptechcorp.com or visit us at our Facebook pagehttps://www.facebook.com/hemptechcorp or on Twitter @hemptechcorp.

About FutureWorld Corp.

FutureWorld (Other OTC: FWDG), a Delaware corporation, is a leading provider of advanced technologies and solutions to the global cannabis industry. FutureWorld, together with its subsidiaries, focuses on the identification, acquisition, development, and commercialization of cannabis related products and services, such as industrial Hemp. FutureWorld, through its subsidiaries, provides personal and professional THC and CBD test kits, pharmaceutical grade CBD oil solutions, SafeVape vaporizers, smart sensor technology, communication network, surveillance security, data analysis for smart cultivation and consultation for the industrial hemp and legal medicinal cannabis. Our wireless agricultural smart sensor networks offer precision to the agriculture, irrigation systems, and greenhouses for the global cannabis and hemp industry. FutureWorld and its subsidiaries do not grow, distribute or sell marijuana.

To request further information about FutureWorld, please email us at info@futureworldcorp.com, log onto our website at http://www.futureworldcorp.com or visit us at our Facebook page facebook.com/futureworldenergy or on Twitter @futureworldinc.

Forward-Looking Statements

This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that we may not produce today and that meet defined specifications. When used in this press release, the words “plan,” “expect,” “believe,” and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets. This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.

Contact:
Media Contact
FutureWorld Corp.

Http://www.futureworldcorp.com

info@futureworldcorp.com
cox@futureworldcorp.com
(727) 474-1816 ext. 103
Twitter - @futureworldinc
Facebook - futureworldenergy

1 1336

Form 8-K for FUTUREWORLD CORP.


3-Feb-2015

Other Events

Item 8.01. Other Events.On January 25, 2015, the Company’s board of directors have elected to sell 100% interest in HempTech Corp. for an unspecified price to a publicly traded company. The decision was made based on the public company’s offer, shareholder interest and HempTech’s innate value through its extensive IP portfolios and signed agreements. The sell price is currently being negotiated and evaluated by a third party firm. The transaction will be based on all stock or stock and cash and it is expected to complete by the third week of February. Company is expected to dividend out the proceeds shortly after.

More information will be provided when details on the agreement including the purchase price has been clarified.

 

1 1601

FutureWorld (FWDG) Subsidiary CB Scientific Signs Wholesale Agreement with American Green (ERBB) Placing THC & CBD Test Kits

Denver, Colorado, Jan. 28, 2015 (GLOBE NEWSWIRE) — FutureWorld Corp. (FWDG), a leading provider of advanced technologies and solutions to the global cannabis industry, announced that CB Scientific, a subsidiary of FutureWorld Corp., has reached a definitive wholesale agreement with American Green (ERBB). The agreement places CB Scientific’s “Product of the Year”, PersonalAnalytics THC & CBD Home Test Kits (http://cbscientific.com) in American Green’s ZaZZZ network of robotic dispensaries. “We are excited to have these Test Kits available in the ZaZZZ Machines, it holds us to the highest standard of medicine since we’re willing to provide people with the means of testing, right on the spot.” says Stephen Shearin, American Green president. “As a tech company, I love the test products and I am not surprised to see it won such an award right out of the gate.”

The agreement with American Green will place PersonalAnalytics THC & CBD Starter test kits in the current network of machines in 5 states. The agreement will also include CB Scientific new “Double Kit” (Test Kits that can run 2 test vs only 1) which we expect to launch in the coming weeks. “We continue to recognize American Green and ZaZZZ as the market leader in this space. Working together allows CB Scientific to extend its product reach into new territories and dispensaries and grow along with the ZaZZZ Network.” comments Bill Short, CEO of CB Scientific.

CB Scientific’s PersonalAnalytics are the first tests for consumers that are available for personal use to test for cannabinoids, including THC and CBD, outside of a lab setting. These affordable and high-quality tests provide results in ten minutes or less, and have numerous uses for recreational and medical purposes, including patients who need to use medical cannabis and hemp-related products such as CBD oil.

Both THC and CBD home testing kits are available at multiple outlets in Colorado, California, Washington, Michigan, Alaska and Arizona, specifically: head shops, dispensaries and grow stores. The kits are also available for purchase worldwide online at www.cbscientific.com. The tests have been featured on ABC, CBS, Fox, Telemundo, The Adam Dunn Show, as well as in publications such as High Times, Culture and Forbes Magazine.

ABOUT CB SCIENTIFIC

CB Scientific (www.cbscientific.com) is a wholly owned company of FutureWorld Corp. based in Denver, Colorado. CB Scientific is continuing to develop new technologies specifically for cannabis analytics. The senior management team are some of the primary men advancing gas chromatography testing in Colorado having pioneered residual solvent testing for medical cannabis and always striving to help patients know exactly what they are buying. CB Scientific believes every product sold to patients as “Medical Quality” should be inspected for health benefits, safety, consistency, purity, potency and packaged properly for distribution. CB Scientific has worked with many of the cannabis industry leaders in Colorado and have also been featured in cannabis industry publications including High Times Magazine, Culture and many trade publications, on-air interviews and panel discussions across the United States. CB Scientific’s focus has been the education and safety of consumers combined with innovation to put power into the hands of the patients. Values that FutureWorld is pleased to embrace while ever striving to raise the bar of cannabis analytics even higher.

ABOUT AMERICAN GREEN, INC.

American Green became the first publicly-traded medical marijuana dispensary brand in the world, back in 2009. The Company now is keenly focused on developing, retailing, branding, and establishing commercial cultivation solutions under its proprietary American Green name along with our partners who are licensed retail medical marijuana dispensaries. American Green believes that the renewal of the legalized cannabis industry in the United States will aid in getting our economy back on its feet through increased employment in all related sectors – retail, real estate, contracting, farming and more. Additional revenues, fueled by taxing cannabis sales, and the decreased cost of housing prisoners who are no longer in prison for possession of cannabis should contribute to the renewal. Hard work and a clear vision propel American Green into the future. The centerpiece of our company is ZaZZZ, our unique automated vending solution designed specifically around American Green’s licensed proprietary patent technology.

For a complete summary of all American Green products and initiatives, please refer towww.americangreen.com.

ABOUT FUTUREWORLD CORP.

FutureWorld (Other OTC: FWDG), a Delaware corporation, is a leading provider of advanced technologies and solutions to the global cannabis industry. FutureWorld, together with its subsidiaries, focuses on the identification, acquisition, development, and commercialization of cannabis related products and services, such as industrial Hemp. FutureWorld, through its subsidiaries, provides personal and professional THC and CBD test kits, pharmaceutical grade CBD oil solutions, SafeVape vaporizers, smart sensor technology, communication network, surveillance security, data analysis for smart cultivation and consultation for the industrial hemp and legal medicinal cannabis. Our wireless agricultural smart sensor networks offer precision to the agriculture, irrigation systems, and greenhouses for the global cannabis and hemp industry. FutureWorld and its subsidiaries do not grow, distribute or sell marijuana.

To request further information about FutureWorld, please email us at info@futureworldcorp.com, log onto our website at http://www.futureworldcorp.com or visit us at our Facebook page facebook.com/futureworldenergy or on Twitter @futureworldinc.

Forward-Looking Statements

This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that we may not produce today and that meet defined specifications. When used in this press release, the words “plan,” “expect,” “believe,” and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets. This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.

1 1453

FutureWorld (FWDG) Subsidiary HempTech Unveils “GrowCOMM”

Secure Integrated Automation Platform for Commercial Grow Industry

ST. PETERSBURG, FL, Jan. 26, 2015 (GLOBE NEWSWIRE) — HempTech Corp., a FutureWorld Subsidiary (FWDG), focusing on the technology aspects of the commercial grow industry, is announcing the development of GrowCOMM(TM). GrowCOMM(TM), a Secure Integrated Automation Platform, will incorporate currently available products or in development, as well as solutions by others, to provide a one-stop-shop for every aspect of the commercial grow facility. Solutions such as smart energy management and automated grow systems such as nutrient dosing, water management, climate control and lighting are controlled and monitored via a centralized computer system through the use of smart sensors and programmable logic controllers.

The GrowCOMM(TM) software platform is a robust industrial grade suite of programs with advanced database and analytics functions that can be tailored for any commercial grow application. The integration of sensors, security systems, automated controls and Seed to Sales tracking provides the grower the flexibility of monitoring and managing the grow cycle through dashboard point and click functionality. Many of the daily grow activities can also be automated to minimize manual intervention. GrowCOMM(TM) can be scaled and customized to address the needs of small as well as large multi-facility indoor growers.

GrowCOMM(TM) clients will be provided solutions from enhancing an existing grow to a complete turnkey solution, be it a greenhouse or an indoor grow facility. From property development to installing grow system and computer automation, GrowCOMM(TM) will provide the design, systems, personnel and professional services to bring the facility on line.

GrowCOMM(TM) Secure Integrated Automation Platform includes;

1- SmartNergy(TM) – The SmartNergy product line provides controls and sensors for energy related aspects of a plant grow facility. The technology integrates with HVAC systems using industry standard building automation protocols. Modules and intelligent power receptacles provide voltage and current reading of lighting, motors and any equipment that is electrically powered. Automated software programs gather the data and provide real time data views on easy to use dashboards and graphical presentations. HempTech Corp has developed smart LED lights that can be remotely controlled and can vary output and frequency based on growth cycles or plant profiles created in computer software.

2- SmartSense(TM) – SmartSense is a family of sensors and controllers specifically designed and configured for the agriculture and grow industries. Environmental sensors measure common gases such as O2 and CO2 as well as air and soil temperature, humidity, air movement and light intensity. Macro nutrient sensors, such as PH, salinity, dissolved CO2 and O2, for both earthen and hydroponic environments provide automated chemistry sampling. Automated dosing, irrigation and fertilizing can be controlled by the appropriate sensors.

3- CaNNaLyTiX(TM) – CaNNaLyTiX is a real time and historical analytics software platform specifically developed for the cannabis growth industry. This technology works with SmartNergy and SmartSense to provide profiling of current and historical data. CaNNaLyTiX, together with SmartNergy, SmartSense and intelligent LED lighting will provide an environmental and chemistry sensor network to fully automate the growth cycle of the cannabis plant and provide detailed analytics for precise repetition of plant growth cycles.

4- SPIDer(TM) – The SPIDer Intrusion Detection network is a multifaceted product family which provides near real-time detection of intruders for either a remote inside facility or large open air agricultural facilities. Product examples include but not limited to; active fence systems, HD infrared and color camera networked via radio systems, motion detectors microwave security systems and smart LED lighting systems.

5- CannaTRAK(TM) – CannaTRAK’s Seed to Sales Asset Tracking Management Software automates the major aspects of the Asset Life Cycle. The Product suite is made up of modules, which are able to operate independently of one another, are able to be configured to work together, or to be integrated with non-native applications. CannaTRAK’s software easily tracks assets using bar coding, radio frequency (RFID), imaging, and wireless technologies.

For more information please contact; sales@hemptechcorp.com.

About HempTech Corp

HempTech, a subsidiary of FutureWorld, is a technology company catering to the cultivators of industrial hemp market and legal medical marijuana. HempTech provides cutting edge technology that allows cultivators to securely collect and analyze every aspect of a horticultural operation. SPIDer(TM) provides Secure Perimeter Intrusion Detection and is a state of the art security solution for a cultivation operation. Through their proprietary data collection system SmartSense(TM) and analytics dashboard CaNNaLyTiX(TM) HempTech Corp. provide growers unparalleled data analysis capabilities for their plants. SmartNergy(TM) not only controls every aspect of electrical usage within a cultivation operation it is actively managing settings and monitoring usage to make sure the #1 cost of an operation (Energy) is monitored and controlled at optimum levels at every stage of processing a harvest. Couple in CannaTRAK(TM), our ground up remodeling of a “Seed to Sale” tracking software system, and master growers will be handed a complete toolset that can provide the real answer to a grower’s ultimate question… “How did we do that?” CaNNaLyTiX’s sophistication will show the master growers exactly how a harvest came into being. Virtually every component of the plants vegetative growth matrix and ultimate flower harvest is tracked, documented and available in visible format both in real-time and historically to ensure that the baselines set by the master grower are adhered to by the cultivation staff. CaNNaLyTiX(TM), providing essential tools to Know Your Grow! HempTech – America’s Future Taking Root Today.

To request further information about HempTech, please email us at info@hemptechcorp.com, log onto our website at http://www.hemptechcorp.com or visit us at our Facebook page facebook.com/hemptechcorp or on Twitter @hemptechcorp.

About FutureWorld Corp.

FutureWorld (Other OTC: FWDG), a Delaware corporation, is a leading provider of advanced technologies and solutions to the global cannabis industry. FutureWorld, together with its subsidiaries, focuses on the identification, acquisition, development, and commercialization of cannabis related products and services, such as industrial Hemp. FutureWorld, through its subsidiaries, provides personal and professional THC and CBD test kits, pharmaceutical grade CBD oil solutions, SafeVape vaporizers, smart sensor technology, communication network, surveillance security, data analysis for smart cultivation and consultation for the industrial hemp and legal medicinal cannabis. Our wireless agricultural smart sensor networks offer precision to the agriculture, irrigation systems, and greenhouses for the global cannabis and hemp industry. FutureWorld and its subsidiaries do not grow, distribute or sell marijuana.

To request further information about FutureWorld, please email us at investors@futureworldcorp.com, log onto our website at http://www.futureworldcorp.com or visit us at our Facebook page facebook.com/futureworldenergy or on Twitter @futureworldinc.

Forward-Looking Statements

This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that we may not produce today and that meet defined specifications. When used in this press release, the words “plan,” “expect,” “believe,” and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets. This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.

Contact:
Media Contact
FutureWorld Corp.

Http://www.futureworldcorp.com

info@futureworldcorp.com
cox@futureworldcorp.com
(727) 474-1816 ext. 103
Twitter - @futureworldinc
Facebook - futureworldenergy

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Form 8-K for FUTUREWORLD CORP.

Entry into a Material Definitive Agreement, Financial Statements and Exhibits

Item 1.01 Entry into a Material Definitive Agreement.On January 20, 2015, the Company enters into a Commercial Lease Agreement between FutureLand Properties, LLC, a Colorado corporation (“Landlord”) and GPS La Vita, Inc. (“Tenant”). FutureLand is the owner of the land LOT 19, PHASE 1, MAJORS RANCH, ACCORDING TO Plat Map No. 343, recorded April 30, 1995 in Pocket 7, Folder 3, Plat Map No. 351, recorded August 26, 1995 at Pocket 7, Folder 3, Plat Map No. 355, recorded September 29, 1995 at Pocket 7, Folder 3, Plat Map No. 392, recorded December 31, 1996 at Reception No. 327236, ACCORDING TO THE RECORDS OF THE CLERK AND RECORDER FOR HUERFANO COUNTY, COLORADO, La Vita Colorado 81011 (hereinafter the “Property”). FutureLand will lease out five (5) acres of the 200 Acres to GPS La Vita, Inc. The Commercial Lease Agreement is for five (5) years and FutureLand shall also grant to the Tenant additional (3) 5-year options to renew this Commercial Lease at Tenant’s sole discretion. The Commercial Lease Agreement calls for $50,000 for leased Acres per month ($10,000 per Acre per month) for the term of the lease.

The company will be obligated to buy back any and all improvements on the property within 36 months of operations at cost plus cumulative 10% cost of funds per annum. GPS shall have first right of refusal to participate in future grows on the property.

 

Item 9.01. Financial Statements and Exhibits(d) The following exhibits are filed as a part of this Report.

Exhibit No. Description

10.1 Commercial Lease Agreement dated January 20, 2015

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Form 8-K for FUTUREWORLD CORP.

Change in Directors or Principal Officers

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersFutureWorld announces today that on January 1th, 2015, the Company has elected Mr. John Verghese as the Chief Executive Officer (CEO) of HempTech Corp., effective January 15, 2015. Mr. Verghese is a communication and telecommunication expert with over 20 years of experience including 3+ outside of the US in building and operating local and wide area networks. Well rounded in all the functional areas of the communication and telecom industry from planning, engineering and operations to sales and customer support. Efficiently manage large capital budgets ($100M+) per year, identify and implement cost cutting measures. Key individual in the planning and engineering of Progress Telecom’s fiber based core telecommunication system between Miami and New York which included over 9,000 fiber route miles, 30 metro networks and 240 POPs. Network technologies included 10 Gigabit DWDM, T-1 to OC-192 SONET, Digital Cross-connect Systems, Ethernet, Microwave, WiFi and 10 Gigabit IP Routers.

Mr. Verghese has been instrumental in building the state-of-the-art products and solutions for HempTech through Infrax systems. Mr. Verghese will continue his extensive contribution by bringing HempTech to its next stage of development by generating revenue through delivering products and solutions to the grow industry in 2015. Mr. Verghese will also prepare the company for the ensuing spin-off or purchase.

The FutureWorld Facebook Page (https://www.facebook.com/futureworldenergy)

The FutureWorld Twitter Feed (https://twitter.com/futureworldinc)

 

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FutureWorld (FWDG) Unveils “Essence” Real Hemp CBD Oil Through its New Subsidiary, NutraCann Labs, Inc.

Concentrated Pharmaceutical Grade Hemp CBD Oil for Wholesale & Retail Sale 

ST. PETERSBURG, FL, Jan. 14, 2015 (GLOBE NEWSWIRE) — FutureWorld Corp. (FWDG), a leading provider of advanced technologies and solutions to the global cannabis industry, announces today the launch of EssenceTM CBD, a high concentration, all-natural, Cannabidiol-rich Hemp Oil through its subsidiary, NutraCann Labs, Inc.

Initial retail sales will be through 1ml cartridges, 10ml & 50ml bottles and starter kits with the sleek URVape vaporizer pen. Bulk rate kilograms will also be available at the wholesale level. The product is available immediately online at www.cbdessence.com and www.urvape.com . “We anticipate rolling out a full-line of products relating to CBD in the very near future. I am excited to be teaming up with our sister company URVape, Inc. to provide high quality, CBD rich, vapable hemp oil through “SafeVape” vaporizers online”, said CEO of NutraCann Labs, Inc., Don Ballou.

The Company has spent the last few months ensuring all source material was free of heavy metals or other toxins. The results of the company’s efforts have made available an absolutely pristine quality whole-food supplement that represents “the Essence” of the plant says Don Ballou. There are some hundreds of phytonutrients that exist in hemp plants and it is absolutely essential to capture the full spectrum of these valuable & beneficial molecules. Using Super Critical Extraction Technology (CO2) makes it possible to extract the essential phytonutrients without the use of excessive heat or other undesirable solvents.

NutraCann’s Real Pharmaceutical Grade CBD-rich hemp oil comes from the whole hemp plant and does not contain any synthetics nor is it an isolate.

FutureWorld is committed to being a leader in the space for product safety and quality control. With so many snake oils, imitations and down-right “zero-potency” CBD oil being sold on the market today at obscene prices, we have made it our cause to bring much needed legitimacy and integrity back to the market.

“Since our announcement on December 10, 2014, we have received numerous phone calls, emails, and other inquiries regarding the sale of our CBD products. While we have already begun to sell some to wholesale suppliers, we have also created our own brand to make sure that we can take advantage of the burgeoning retail market,” commented CEO Sam Talari. “We are determined to create a brand with CBD EssenceTM that will instill customer trust and loyalty well into the future. CBD EssenceTM is only the first in many planned offerings of CBD-infused pharmaceuticals and nutraceutical under our umbrella.”

Tetrahydrocannabinol (THC), the psychoactive phytocannabinoid (planet-based) found in cannabis, has rapidly become eclipsed by the non-psychoactive phytocannabinoid, Cannabidiol (CBD), and derived mainly from Hemp, which is considered to have wider-ranging medical applications. CBD has even received orphan drug status in the U.S., fast-tracking the substance for use in treating a severe, rare form of crippling epilepsy known as Dravet Syndrome. A highly purified CBD extract developed by UK-based GW Pharmaceuticals, has now gone into landmark clinical trialing for epilepsy at the biggest children’s hospital in the country with initial trials that began in April of 2014 which has already shown encouraging results in kids with treatment-resistant epilepsy. There is increasing major demand across the board for hemp based CBD oil, due to a compelling combination of study data, mounting empirical evidence, and positive feedback from parents whose children suffer from debilitating seizures.

About FutureWorld Corp

FutureWorld (Other OTCQB: FWDG), a Delaware corporation, is a U.S. Diversified Holding Company formed to capitalize on the burgeoning Cannabis markets globally. FutureWorld, together with its subsidiaries, focuses on the identification, acquisition, development, and commercialization of cannabis related products, such as industrial Hemp. FutureWorld, through its subsidiaries such as HempTech and CB Scientific, provides personal and professional THC and CBD test kits, pure CBD oil solutions, smart sensor technology, communication network, surveillance security, data analysis for smart cultivation and consultation for the industrial hemp and legal medicinal cannabis. Our wireless agricultural smart sensor networks offer precision to the agriculture, irrigation systems, and greenhouses for the global cannabis and hemp industry. FutureWorld and its subsidiaries do not grow, distribute or sell marijuana. To request further information about FutureWorld, please email us at info@futureworldcorp.com, log onto our website at http://www.futureworldcorp.com or visit us at our Facebook pagehttps://www.facebook.com/futureworldenergy.

Forward-Looking Statements

This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that we may not produce today and that meet defined specifications. When used in this press release, the words “plan,” “expect,” “believe,” and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets. This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.

Contact:
Media Contact
FutureWorld Corp 
Investor Relations

http://www.futureworldcorp.com

info@futureworldcorp.com
cox@futureworldcorp.com
(727) 474-1816 ext. 103

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FutureWorld (FWDG) Provides Shareholder Update I – 2015

Corporate Progress Report – Moving at Light Speed

ST. PETERSBURG, FL, Jan. 12, 2015 (GLOBE NEWSWIRE) — FutureWorld Corp. (FWDG), a leading provider of advanced technologies and solutions to the global cannabis industry, announces the following letter to its shareholders from our Chairman & CEO Sam Talari:

Dear Fellow Shareholders, as the CEO of FutureWorld, I would like to update all of you on our current business progress and upcoming events:

To reiterate my previous letter, we are currently involved in many “picks and shovel” ancillary business enterprises associated with the Hemp/Cannabis industry and will continue to delve even further as the space continues to evolve. Our overall strategy is to have a foot print in all states that have a legalized Hemp/Cannabis marketplace with diverse products and services. This will allow us to be at the forefront of this growth industry which may at some point surpass even the tobacco market, now worth close to $200 billion per year.

We are on the verge of creating perhaps the most enormous agricultural industry ever contemplated. Industrial Hemp alone could generate billions of dollars per year and create thousands of jobs. Cannabis, on the pharmaceutical level, will become a major competitor to the global trillion dollar pharmaceutical industry. We are living at a great point in history that may never repeat itself. Our job at FutureWorld is not only to become part of this history but also influence this history.

From the beginning we have decided, with total certainty, to be vertically integrated and cover the most important and profitable sectors of the cannabis market. Hence, we have developed business lines that have much better revenue trajectory than other segments of the industry. Of course, building a business in an industry that has just come into existence has not been easy, but that has only strengthened our resolve. We have had to invest heavily in the market segments that we deemed more profitable than others, while not neglecting our responsibility for the needs of the industry as a whole.

Since our last shareholder update, we have been able to monetize our investment in the segments of the market we have chosen. To summarize our accomplishments, I have categorized our discussion points in this shareholder letter based upon upcoming events and individual subsidiary business progress.

Upcoming Events – Revenue

Our third quarter (Q) ending December 31st, 2014, will demonstrate the revenue trajectory of our company and our overall progress so far. It will show close to 140,000% increase in revenue from prior quarter ending December 31st, 2013 and close to 550% increase in revenue from the second quarter 2014. Revenue increase was contributed by two of our subsidiaries; CB scientific and FutureLand properties. We expect the revenue trajectory to continue increasing momentum when all of our subsidiaries are running full throttle in the coming quarters.

Upcoming Events – Spin-Offs

Also per our business model, our goal has always been to return meaningful or even substantial ROI to our investors by spinning-off our subsidiaries. Hence, we have started the process of the spinning-off our first three subsidiaries in the coming months of 2015. These are CB scientific, HempTech, and URVape.

The spin-off shares of these three companies initially will be held by an independent trustee, subject to irrevocable instructions to distribute those shares to FutureWorld shareholders of record as of January 1, 2015, February 1, 2015, March 1, 2015, April 1, 2015 and May 1, 2015. The distributions will be made when the shares could be sold by the holders pursuant to an effective registration statement filed with the Securities and Exchange Commission or an exemption from such registration.

We have finished the initial process of our first spin-off, URVape, and starting the development of CB scientific and HempTech as we proceed further. We expect one to three spin-offs per year as we progress developing the business in this revolutionary burgeoning industry. We may consider speedier processes by reverse merging the subsidiaries if the right opportunity arises.

Subsidiaries Business Progress

1. FutureLand Properties, LLC.

FutureLand Properties, LLC, closed on 237 acres in southern Colorado on October 30th, 2014 for the purpose of leasing to licensed Cannabis and Hemp growers. The decision was made based on increased demand for medical and recreational cannabis and loosening of some restrictions in Colorado. Since the purchase the value of the property has increased 1400%, making it one of the most valuable asset held by the company.

The Company will finance and build cutting-edge grow facilities for qualified licensed participants using HempTech technologies. Due to the large available acreage on the purchased land, we foresee multiple multi-million dollar large grow facilities and vast agricultural space available for farming hemp. The Company will grow Hemp for its own production in the near future. FutureLand also plans on similar projects in other legal cannabis states.

On December 2014, FutureLand Properties entered into a land and greenhouse lease agreement with Colorado Flower Company, LTD, a Colorado LLC, for the growing of medical and recreational cannabis. The master lease agreement calls for six figure monthly lease payments for the land, the greenhouse and the technology. The Commercial Agreement is for five (5) years and for a consideration of $370,000 per month. As we build other grow facilities, we will expand our revenue exponentially for FutureLand and its parent company, FutureWorld Corp.

2. URVape, Inc.

URVape was started to contribute to the current revolution, which has become an international phenomenon, known as the “Vaping” industry. After studying the marketplace, with more than 466 vendors attempting to reach nicotine consumers, we recognized early on that there were unsupported claims and deficiencies in the products and e-liquids being sold. As a result, URVape has dedicated itself to providing products that are free of any substances which, when heated for vaping, could be harmful. Through our in-house Product Development personnel, and through the hiring of a consultant whose area of expertise is microbiology, specific to cannabis and vaping, we have developed two primary device changes that are being patented.

The goal is to become the market leader of safe vaping materials. To that end, URVape has Trademarked “SafeVape” for use in describing the technologies utilized in bringing both devices and e-liquids to the marketplace. The E-cigarette, Cannabis and Herbal vaping industry is an ever growing and evolving industry. We are fortunate to be part of this historical moment in time where consumers around the globe will finally have access to natural plant derivatives to enhance their health and enjoyment without the inherent side effects of synthetic medicines.

So after months of redevelopment, URVape will be introducing “SafeVape” products in the beginning of February, 2015. With the unveiling of our new products, URVape will ramp up production selling vaporizer pens in legal cannabis states in conjunction with licensed cannabis extract (oil) and hemp (CBD) providers. The company has recently signed a major agreement with such a provider in the state of Colorado and expects to sign more agreements in the coming months.

3. CB scientific, Inc.

CB scientific, located in Denver Colorado, has introduced the most technologically advanced product in the entire industry; PocketLabs or PersonalAnalytics for THC and CBD. These personal test kits have allowed individuals and companies the instant power to test their products for potency and viability without the need for expensive and time consuming labs. The extent of this innovation was appreciated recently by industry insiders when PersonalAnalytics was awarded “2014 Product of The Year” after only 94 days since product launch.

So far, we have sold thousands of the kits all around the country and we expect to heavily increase our sales even further in 2015 by signing substantial distribution agreements with major distributers and promoters, selling thousands more kits per month in 2015. CB scientific has created a niche in a segment which was non-existent only few months prior. CB scientific is on track to contribute heftily to the Company’s bottom line as it expands its current product lines and opens up new ones.

4.

HempTech Corp.

HempTech Corp has several products available right now specifically geared to helping cultivators of industrial hemp and medical cannabis to maximize yields while helping to control costs. HempTech products includes CaNNaLyTiX(TM) , SPIDer(TM) , SmartSense(TM), SmartNergy, and CaNNaTRAK(TM). HempTech has developed key technologies using sensor automation and big data to create grow profiles on successful cannabis/hemp strains. This revolutionary model would allow the growers to replicate cannabis strains for profitability and effectiveness. We are in the process of showcasing our products to major grow facilities.

Since our last update, HempTech has signed a major Commercial Agreement with a grower in Colorado to provide high-tech automation solutions to control all processes in the greenhouse based on HempTech’s state-of-the-art technologies. The Commercial Agreement is for five (5) years and for consideration of $205,000 per month. We expect similar agreements in the coming months from other grow facilities which will make HempTech one of the largest providers of grow technology to the cannabis/hemp industry and beyond.

5. NutraCann Labs, Inc.

Although you may have heard about this new subsidiary, FutureWorld has organized a new company to manage the extensive interest in our new line of CBD oil called “Essence”. CBD market is currently a $300M industry and growing at a dizzying pace. It is estimated to reach in billions by 2018.

We have factored (pharmaceutical grade) CBD oil to be one of the greatest revenue generating potentials for our company going forward. Initial retail sales will be through 1ml cartridges, 10ml & 50ml bottles and starter kits with the sleek URVape vaporizer pen. Bulk rate kilograms will also be available at the wholesale level. We have plans to increase distribution of the CBD oil up to 1000 Kilograms by the end of the year, making it our most profitable endeavor thus far.

FutureWorld is determined and pleased to continue down this exciting path to create a global company, bringing value to the industry by introducing world-class technologies and creating value for our shareholders by increased revenue and profitability. As the only company in the industry with such a diverse amount of products and services, we will continue bringing the market up to Cannabis 2.0.

Regards

Sam Talari
CEO

About FutureWorld Corp

FutureWorld (Other OTCQB: FWDG), a Delaware corporation, is a U.S. Diversified Holding Company formed to capitalize on the burgeoning Cannabis markets globally. FutureWorld, together with its subsidiaries, focuses on the identification, acquisition, development, and commercialization of cannabis related products, such as industrial Hemp. FutureWorld, through its subsidiaries such as HempTech and CB Scientific, provides personal and professional THC and CBD test kits, pure CBD oil solutions, smart sensor technology, communication network, surveillance security, data analysis for smart cultivation and consultation for the industrial hemp and legal medicinal cannabis. Our wireless agricultural smart sensor networks offer precision to the agriculture, irrigation systems, and greenhouses for the global cannabis and hemp industry. FutureWorld and its subsidiaries do not grow, distribute or sell marijuana. To request further information about FutureWorld, please email us at info@futureworldcorp.com, log onto our website at http://www.futureworldcorp.com or visit us at our Facebook pagehttps://www.facebook.com/futureworldenergy. FutureWorld and its subsidiaries do not grow, distribute or sell marijuana.

Forward-Looking Statements

This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that we may not produce today and that meet defined specifications. When used in this press release, the words “plan,” “expect,” “believe,” and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets. This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.

Contact:
Media Contact
FutureWorld Corp 
Investor Relations

http://www.futureworldcorp.com

info@futureworldcorp.com
cox@futureworldcorp.com
(727) 474-1816 ext. 103

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