DRNK Closes Acquisition of 1Tapp – A Mobile Web Application Designed to Service the Cannabis Industry

SCOTTSDALE, AZ / ACCESSWIRE / November 30, 2016 / NOHO, Inc. (OTCPINK: DRNK), a Wyoming corporation (the Company) announced the following:

The Company has completed an asset purchase agreement to acquire 1Tapp from The Weaver Group, LLC, a mobile web application. The transaction was accomplished using a portion of the newly converted preferred stock already issued to the insider shareholders and there will be no dilution to the common shareholders.

1Tapp is the Company’s new mobile web app that optimizes user interaction by providing an ease-of-use interface for customers to engage with the cannabis retail sector. The app allows customers to access and receive up to date information such as,

– Product promotions
– Rewards programs
– Gift cards
– Daily specials
– Store events
– Direct customer inquiry
– Pricing and new products

1Tapp gives cannabis dispensaries the ability to market directly to both patients and customers through a cost-effective web-based app.

CEO David Mersky, Chief Executive Officer of NOHO, Inc. commented, “This marks an enormous breakthrough in the Marijuana industry as dispensaries will no longer have to rely on stale directory sites that effectively prevent individual branding and do not provide metrics and user data. Dispensaries will now be able to take ownership of their own sales funnel, design their own engagement campaigns and compile their own customer data.

“To facilitate our marketing plans for the 1TAPP app,” continued CEO David Mersky, “We are opening a new state of the art telephone sales operation in Phoenix, AZ, located in the prestigious Biltmore area in January, 2017.

Currently, through our subsidiary, Meda360 Licensing, Inc., we are nearing completion of our proof of concept in Arizona, where we have 120 host sights installed, featuring the Company’s digital signage and media technology. The point of sale model will serve as the base for the Company to offer 1Tapp and other services as part of a larger suite of products, all designed for the small business to enhance customer engagement.

Finally, it gives me great pleasure to report that this model will be rolled out nationwide. We look forward to announcing updates as developments occur.

The Company has authorized its counsel to effectuate a name change from NOHO, Inc. to IMBUTEK Corporation, seeking to trade under the new proposed symbol of IMTK, or if not available then IUTK or IBTK. This change is intended to more accurately reflect the nature of the Company’s core advertising technology business. Until that process is completed, the stock will continue to trade under its current symbol: DRNK.

Safe Harbor for Forward-looking Statements:

This news release may contain forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey to the public the company’s progress, business opportunities and growth prospects, they are based on managements current beliefs and assumptions as to future events. However, since the company’s operations and business prospects are always subject to risk and uncertainties, the forward-looking events and circumstances discussed in this news release might not occur, and actual results could differ materially from those described, anticipated or implied. For a more complete discussion of such risks and uncertainties, please refer to the company’s filings with the Securities and Exchange Commission.

CONTACT:

Investor/Media Contact:
Phillip Sugarman
Investor Relations Partners
818-280-6800

SOURCE: NOHO, Inc.

ReleaseID: 450000