LAS VEGAS, NV, United States, via ETELIGIS INC., 06/15/2015 – – Texas Wyoming Drilling (OTC Pink: TWDL) (PINKSHEETS: TWDL) announced today:
Over the past several months the board of directors and I have been active planning and organizing strategies that will result in positioning our Company to ensure future growth. During this time the board has voted to make changes to our strategic operational plan. I would like to update you on these changes.
1.) TWDL will undertake corporate actions in compliance with SEC Rule 10-17B to effectuate a symbol and name change. We will begin this process shortly in order to better define the company’s newly revised strategic plan of operations, which includes entering the Health and Wellness Industry. The company will be renamed to: Wellness Medical Holdings Inc., the company will have its corporate website up and running shortly after having its name and symbol change approved.
2.) TWDL has divested itself through mutual agreement of its wholly owned subsidiary Legacy Rock.
This disposition also includes the Blue Jacket Mine.
3.) TWDL will concentrate its mining operations and resources on the Yellow Jacket Mine and further make this operation a wholly owned subsidiary which will operate under the corporate name entitled Moapa Valley Mining, Yellow Jacket, Inc. The company will register this new entity in Nevada over the next several days.
4.) TWDL has joined in several other public companies to provide financing to three (3) medicinal marijuana cultivation operations: a) Cannaworx, b) Michigan Plant Technologies, c) World of Marihuana Productions.
TWDL is excited to be able to participate in the financing of these three innovative farming operations. This paves the way for us to be able to explore and ultimately acquire similar projects within a rapidly expanding industry. The value received for company stock that will be delivered in the future, over time and will provide a net income to TWDL in perpetuity.
The management of Texas Wyoming Drilling, Inc. recognizes the medical marijuana industry is poised for continued growth, and will continue to position the company to secure percentages of market share. The company will continue to seek out additional ventures in other areas of the lucrative health and wellness industry and will provide more updates as they become available.
5.) TWDL has entered into a joint venture agreement with Natural Crest Laboratories a state of Florida Corporation located in Melbourne, Florida. Natural Crest Laboratories (NCL) is a leading FDA, manufacture and contract packager with over 40 years of History. NCL offers extensive experience and specializes in manufacturing beauty care, personal care, health care and over-the-counter products as well as many other products for additional markets. NCL currently owns approximately 600 formulas across these markets to include Hemp Based Products. You can learn more about this dynamic entity by visiting the company’s website at: www.naturalcrest.com.
6.) TWDL board of directors at a recent board meeting elected Joseph Matuella, current Chairman of the Board of NCL to the position of director. Mr. Matuella’s wealth of business knowledge and his drive for success will be a valued asset to the board.
On behalf of myself and the Board of Directors we wish to thank our many loyal shareholders, and pledge to you that we the management of Texas Wyoming Drilling Inc. will continue to work hard on building shareholder value. We are and hope you are as well excited about this new direction that has us entering the lucrative and ever expanding health and wellness industry.
About Texas Wyoming Drilling, Inc.:
Texas Wyoming Drilling, Inc. is a 21st century life sciences company that operates as a holding company. We seek to foster innovation and assist our portfolio companies to develop strong market positions. We acquire interest in our portfolio companies either through direct cash investments or structured share exchanges.
Texas Wyoming Drilling, Inc
This press release contains statements which may constitute “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of the Company and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Investors are cautioned that due to the Company’s acquisition of the right to receive income from marijuana farming operations, an investment in this Company is extraordinarily risky, involving a multiplicity of extreme risks, that in some respects exceed that of any legal investment in the history of investing, particularly given the conflict of laws and the potential consequences of that conflict, including very substantial legal risk of federal prosecution, penalty and imprisonment, as marijuana is still classified federally as a Schedule 1 narcotic. It is a felony, in violation of the Controlled Substances Act, to distribute, cultivate or use marijuana; and the very comprehensive federal and international anti-money laundering statutes, including: Bank Secrecy Act (1970), Money Laundering Control Act (1986, Anti-Drug Abuse Act of (1988), Annunzio-Wylie-Money Laundering Act (1992), Money Laundering Suppression Act (1994), Money Laundering and Financial Crimes Strategy Act (1988), Uniting and Strengthening America by Providing Appropriate Tools to Restrict, Intercept and Obstruct Terrorism Act 0f 2001 (USA Patriot /act , Intelligence Reform & Terrorism Prevention Act of 2004. At least a portion of these provisions expressly include restrictions upon the use of the banking system to transfer the proceeds of such investments, which could be viewed as money laundering. These violations are irrespective of the laws of the jurisdiction in which the marijuana is produced, since, at any time, despite its current position, the Department of Justice could choose to prosecute the Company and its Officers, and all those who may be perceived to have aided and abetted in this process. Accordingly remains a substantial legal risk of federal prosecution, penalty, forfeiture and imprisonment, and for a multitude of potential violations. Additionally, the cost of assuring compliance and the cost associated with otherwise normal business transactions are substantially enhanced bt these circumstances. Risks also include a very substantial strategic risk associated with lack of ownership and consequent lack of control over the subject property and operations, which lack of ownership and control is mandated by laws and regulations of the jurisdiction in which the marijuana is grown. The risks also include a very substantial economic risk, including as a consequence of the foregoing recitation of other risks. It is just such risks that have prevented the growers from securing any financing from other sources, over a substantial period of time. Finally, given the extraordinary return on the investment, there is even a risk of the financial arrangement being construed as a “loan”, which may at least arguably, not be exempt from applicable usury laws, even though this financial arrangement is not a loan, let alone a conventional loan, but is in the nature of risk capital financing/provision of services and real estate and that the contemplated compensation appears to be, and has been represented by the pay oars to be commensurate with the multiplicity and magnitude of the risks, including those as above identified.
Texas Wyoming Drilling, Inc.
SOURCE: Texas Wyoming Drilling, Inc.