PotNetwork Holding, Inc. to Forego Corporate Name and Symbol Change in Light of Recent Acquisition of First Capital and Diamond CBD

FT. LAUDERDALE, FL / ACCESSWIRE / February 28, 2017 / PotNetwork Holding, Inc. (OTC PINK: POTN) is pleased to announce that, based upon a positive change in strategy and corporate direction, the Company will keep its current name and symbol designation, which suitably corresponds to the nature of the Company’s business model, as Diamond CBD continues to strengthen its position as an industry leader in the growth emerging market’s most thriving and popular sector.

Since then, the Company was presented with an advantageous opportunity to acquire a solid, rising, and profitable cannabis industry innovator. PotNetwork Holding, therefore, now representing a strong subsidiary in the cannabis market, will maintain its original corresponding designation. “Through many challenges and obstacles, we believe that we have struck an excellent means to move forward in our original market, bringing a truly enhanced value to the Company and our shareholders. We are very pleased with recent events and the new trajectory we have developed,” stated Gary Blum, Chief Executive Officer, PotNetwork Holding, Inc.

The Company had announced on August 1st of the past year, that upon FINRA approval, the Company would officially change its name to SND AUTO GROUP INC. In conjunction with the corporate name change, the Company had also announced its plan for a new symbol designation.

The prior rebranding initiative was based on the Company’s drive to build upon its previous plan to shift the corporate focus toward the subprime lending industry, whereas the Company’s singular subsidiary was in that market.

About Diamond CBD: Diamond CBD Inc. is an organization focused on the advanced research and development of the industry’s finest premium hemp extracts and making them available to the global marketplace. The Company’s notable team, consisting of hemp industry pioneers and natural product experts, chemists, and scientists, is dedicated to producing the finest and purest Cannabidiol (CBD) oil. The Company formulates advanced product quality to market through the team’s creation of diverse and top quality hemp extracts that contain a broad profile of cannabinoids and other natural hemp derived molecules, resulting in a robust selection of Industrial Hemp Derived Diamond CBD oils considered among the most powerful natural CBD E-Liquids on the market. For more information, please visit the website at www.DiamondCBD.com.

About PotNetwork Holding, Inc.: PotNetwork Holding, Inc. (OTC PINK: POTN) is a publicly traded company with two wholly owned subsidiaries, Sunrise Auto Mall Inc. and First Capital Venture Co., and its wholly owned subsidiary Diamond CBD. First Capital Venture Co., through its wholly owned subsidiary, Diamond CBD, is a progressive organization focused on the advanced research and development of the industry’s finest premium hemp extracts and making them available to the global marketplace. The Company’s notable team, consisting of hemp industry pioneers and natural product experts, chemists, and scientists, is dedicated to producing the finest and purest CBD oil. For more information, please visit the website at www.DiamondCBD.com.

Safe Harbor Act: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as “anticipate,” “if,” “believe,” “plan,” “estimate,” “expect,” “intend,” “may,” “could,” “should,” “will,” and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.

Contact:

PotNetwork Holding, Inc.

Investor Relations

Email:
IR@POTNetworkHolding.com

SOURCE: PotNetwork Holding, Inc.

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