InternetArray Collaborates with Health Sciences Group to Fund
Medical Marijuana Social Media/Mobile Apps Development
NEW YORK, Jan. 31, 2013 /PRNewswire/ -- InternetArray,
Inc., (OTCPink: INAR), today announced that it has entered
into a joint venture/collaboration arrangement with Health Sciences
Group (OTCPink: HESG) to develop Social Media/Mobile Apps for the
Medical Marijuana industry. These new specialized apps will
enable prescribed patients much needed information to make a better
decision on whether or not cannabis is an appropriate treatment
option, and access to local resources. Together, both
companies have set up a new offshore software
development facility in Ho Chi Minh
City, Vietnam, providing hardware/software leasing
arrangements and deploying high level account executives
and project managers to oversee the entire projects operation from
start to finish. Concurrently, InternetArray will provide
marketing, finance, accounting and
administrative support.
Management believes mobile apps developers from Vietnam and China have been playing a dominant role in
designing and developing some of the world's finest mobile
applications. With many social media sites coming out on a
regular basis, mobile apps programming will lend itself as a
must-have and complementary tool to attract its visitors and retain
logins and memberships.
Additionally, InternetArray, Inc., announced in December that it
had eliminated nearly $2 million in
long-term debt and accrued expenses. The Company is committed
to providing shareholders' value and this restructuring is underway
because management believes our common stock is extremely
undervalued at these levels, and wants to instill shareholders'
confidence by collaborating and investing in promising start-ups
with exponential growth potential.
"We are very pleased to launch this joint venture with
InternetArray. Our development team is very excited
about our new, unique technology for the Social
Media Networking market in the medical marijuana space. We
plan aggressive marketing campaign upon launch, and to be
competitive with other healthcare-related major social
media networks. Our association with InternetArray will
certainly amplify our launch," comments Nhue "Nick" Le, CEO of
Health Sciences Group Inc.
About InternetArray, Inc.
(www.internetarray.com)
InternetArray, Inc. provides guidance and investment for
innovative, early stage Internet companies. The Company's
mission is to identify and develop collaborative business partners
into viable and profitable companies.
About Health Sciences Group, Inc.
(www.HESciencesgroup.com)
Health Sciences Group, Inc. is an investment technology
portfolio company that acquires nascent health sciences technology
and related innovations, inventions and IP assets to enhance their
growth and development. The company builds revenues and asset value
through a model of continuous growth, income from or sale of its
portfolio holdings, and technology licensing or distribution
agreements.
This press release may contain certain statements that are not
descriptions of historical information, but are forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Exchange Act of 1934. These
forward-looking statements refer to matters that involve risks and
uncertainties. Such statements reflect management's current views
and are based on certain assumptions. Actual results could
differ materially from the assumptions currently anticipated.
Contact:
Investor Relations
InternetArray, Inc.
contact@internetarray.com
SOURCE InternetArray, Inc.