Matica Assists in Dealer Financing for Electric Boat Maker
Toronto, Ontario--(Newsfile Corp. - October 7, 2015) - Matica Enterprises Inc. (CSE: MMJ) (FSE: 39N) (OTC PINK: MQPXF) ("Matica" or the "Company") is pleased to announce that Matica has facilitated the engagement of Meadowbank Asset Management Inc. ("Meadowbank") by Riopel Marine Inc. operating as Canadian Electric Boat Company ("CEBC") to secure dealer floor plan financing. Floor plan financing will allow boat dealers and marinas to carry a sufficiently large amount of inventory of CEBC electric boats. This is an important sales tool for CEBC as they increase their sales and is especially necessary for the all important California and Florida markets.
In September Matica signed a letter of intent to acquire 51 percent of Riopel Marine Inc. operating as Canadian Electric Boat Company. CEBC is a Montreal based manufacturer of high-end electric powered pleasure boats. CEBC designs and builds different models of electric powered boats from small launches that run at 10k/hr. to speedboats that run at speeds up to 65km/hr powered by lithium-ion batteries. Matica will be providing marketing and financing support to the company as it continues to develop sales worldwide.
For more information on CEBC visit their website: electricboats.ca
About Matica Enterprises Inc.
Matica Enterprises has mineral exploration assets including the Grumpy Lizard project in Nevada, and the Buckingham Graphite project in Buckingham Township in the Grenville Province in western Quebec, a well-known historic graphite producing area. Matica also currently holds a fifty percent interest in THC Dispensaries Canada, Inc ("THCD"), a Nova Scotia applicant under the Marijuana for Medical Purposes Regulation ("MMPR").
For more information on Matica Enterprises please visit the website at: www.maticaenterprises.com.
On behalf of the Board of Directors
MATICA ENTERPRISES INC.
Boris Ziger, CEO & Chairman
Disclaimer for Forward-Looking Information
Certain information in this press release may constitute forward-looking information. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. The Corporation assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to the Corporation. Additional information identifying risks and uncertainties is contained in the Corporation's filings with the Canadian securities regulators, which filings are available at www.sedar.com.
This news release contains statements about the Company's information that will be made available on the S&P Capital IQ Corporation Records Listing Program and the business of Matica, specifically any potential licensing under the MMPR, that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them as actual results may differ materially from the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include failure to receive its Licensed Producer designation for any reason whatsoever. The forward-looking statements contained in this news release are made as of the date hereof, and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, except as required by law.
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