Vemanti Group Inc. (OTC: VMNT) Breaking News - November 16, 2016

Vemanti Group Plans New Mobile Commerce And Payments Subsidiary
 

"A comprehensive mobile commerce and payments service for the emerging cannabis industry"

NEWPORT BEACH, CA -- (PRNewswire) -- 11/16/16 -- Vemanti Group, Inc. (OTC: VMNT) a diversified holding corporation, announced today that it’s preparing to launch a new wholly-owned subsidiary, which will look to provide a comprehensive mobile commerce and payments service for the emerging cannabis industry.

Through their smartphones, the service will enable retail customers to pay for goods at any participating dispensary without using physical cash. It will also present dispensaries, growers, and other legitimate participants of the industry with the opportunity of carrying out non-retail transactions among themselves in digital payments.

The Company believes that the emerging legal cannabis industry where retail and non-retail transactions, including vendor payments and payroll, are almost exclusively paid for with cash presents a real challenge for financial institutions. Concerned about the evolving conflict between federal and state laws, they are eager to avoid the inherent risks associated with this cash-intensive sector. It is widely acknowledged that many are unwilling to go to the expense of establishing and maintaining the type of thorough due diligence program for this emerging market at the present time in order to comply with growing demands of Know-Your-Customer (KYC) guidelines, anti-money laundering regulations, and the US Patriot Act. As the result, traditional banking and payment solutions have been out of reach for the vast majority of cannabis businesses.

Vemanti Group’s new planned subsidiary intends to offer a technology platform empowering the legal cannabis industry to transact safely, securely, and remain fully-compliant via a cash-free mobile payments service. The Company's CEO has an extensive background in providing mobile banking, commerce, security, and payments solutions to banks and financial institutions and intends to apply that experience to the new subsidiary.

“The cannabis industry needs access to digital payments in order to grow, and consumers want a safe and secure way to purchase marijuana products without always relying on cash. Our goal for the new subsidiary is to launch a service that alleviates the risk of cash transactions and helps dispensaries monitor and record data needed to address concerns about violating anti-money laundering laws, with the long-term goal of moving transactions away from cash altogether. It will comply with every relevant regulatory requirement and provide a sustainable solution for the cannabis industry”, commented Tan Tran, CEO of Vemanti Group.

Consumers will be able download an app which acts as a digital wallet to their smartphone and link their bank accounts or credit or debit cards. They can then pay using the app at participating dispensaries. At the point of sale, money is transferred from the consumer’s account and issued to the dispensary. Dispensaries can choose to leave the funds in their account, use them to pay other participants of the same system, or transfer funds out to a bank account. All transactions will take place in a secure proprietary cloud-based infrastructure.

Going forward, the Company plans to enhance this service to work as a “mobile shopping mall” with Point-of-Sales (POS), CRM, and team collaboration integration available to the dispensaries via Software-as-a-Service (SaaS). Consumers will be presented with multiple “mobile shops” plus different fulfilment options and customer loyalty programs. The first product demo is planned for first half of 2017 and, after the field-trial phase, will be available in areas where medical and recreational cannabis consumption has been legally approved. The Company intends to first roll this service out in California which just recently has become potentially the single biggest recreational cannabis market in the world.

“The unique combination of economic growth and restrictions of the cannabis industry will be a good validation point for our service. We could eventually look to offer the same technology on a global scale to the millions of the unbanked individuals like the undocumented and migrant workers as well as businesses in the emerging economies for bank-like services (without the costs associated with a traditional bank) like micro-financing, bill payments, online shopping payments, prepaid airtime purchase, and money transfer”, added Tan Tran.

About Vemanti Group
Vemanti Group, Inc. (OTC PINK:VMNT) is a diversified holding corporation that's looking to be active in high-growth and technology-driven markets. The company plans to grow by adding value-added and fundamentally-sound businesses to their portfolio. For details on Vemanti Group, Inc. and its portfolio, visit www.vemanti.com.

Legal Disclaimer
This release contains forward-looking statements within the meaning of Section 27a of the Securities Act of 1933, as amended and section 21e of the Securities and Exchange Act of 1934, as amended. Those statements include the intent, belief or current expectations of the company and its management team. Forward-looking statements are projections of events, revenues, income, future economics, research, development, reformulation, product performance or management's plans and objectives for future operations. Some or all of the events or results anticipated by these forward-looking statements may not occur. 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 projected in the forward-looking statements as a result of various factors. Accomplishing the strategy described herein is significantly dependent upon numerous factors, many that are not in management's control.

Contact Information
Vemanti Group, Inc.
Investor Relations
(800) 768-1288
ir@vemanti.com

Source:  Vemanti Group, Inc.
 

___________________________________________________
Recent VMNT News:

Vemanti Group's MedicatedOne Announces New Line of Cannabis-Infused Edibles
 

NEWPORT BEACH, CA -- (Marketwired) -- 11/03/16 -- Vemanti Group, Inc. (OTC: VMNT) a diversified holding corporation, announced today a new line of innovative cannabis-infused edible products to be developed and marketed by its wholly-owned subsidiary, MedicatedOne.

Eying the anticipated passing of Prop 64 in California and adoption of respective recreational products' guidelines, the target audience for these products is planned to be non-smokers who prefer dairy-free, gluten and sugar-free vegan edibles with lower dosages of cannabis derivatives for stress-relief and relaxation purposes.

"Think about a woman coming home after a long day and reaching out for a glass of wine to relax, or a flute of mimosa at Sunday brunch -- that was the inspiration for our R&D team to develop this new line of edibles to be offered soon by MedicatedOne," commented Tan Tran, CEO of Vemanti Group. He added, "Through our research groups, we found most people enjoyed and preferred cannabis consumption through non-smoking methods. Also, our findings showed that women in general felt more comfortable with a tapered down level of cannabis derivatives that featured better packaging design that fit their perception of being healthy-and-fun."

The company has engaged with an established, popular healthy food and lifestyle blogger who is advising it on recipes, packaging and other preferences of thousands of her followers. The new product line, which may start with such commonplace foods as homemade granola, peanut butter, energy bars and chocolate bites, will be eventually expanded and may include beverages and chewing gum. "Very few such products exist on the market today and we believe that we may be tapping into a potential multi-billion dollar market by introducing this new unique line of edible products designed for non-habitual recreational usage," further stated Tan Tran.

California, Prop 64

"A recent article from Forbes magazine stated, 'California is the biggest potential market in the country and the passage of Prop 64 will create an explosion in the value of compliant medical marijuana dispensary and cultivation licenses in good standing,'" said Steve Gormley, CEO of Seventh Point LLC, a private equity fund acquiring those kinds of assets throughout Los Angeles, California. "That's the precedent we've seen in Colorado, Oregon, Washington State, Alaska and D.C.," he said. "I have no reason to believe California will be any different."

Read the full Forbes article here: http://www.forbes.com/sites/julieweed/2016/10/17/marijuana-on-the-ballot-state-by-state-opportunities-for-entrepreneurs/#665706d75551

About Vemanti Group

Vemanti Group, Inc. (OTC PINK: VMNT) is a diversified holding corporation that's looking to be active in high-growth and technology-driven markets. The company plans to grow through acquisitions by looking for value-added and fundamentally-sound businesses to add to their portfolio. For details on Vemanti Group, Inc. and its portfolio, visit www.vemanti.com.

Legal Disclaimer

The statements contained in this press release contain certain forward looking statements, including statements regarding the company's expectations, intentions, strategies and beliefs regarding the future. All statements contained herein are based upon information available to the company's management as of the date hereof, and actual results may vary based upon future events, both within and without the control of the company's management.

Contact Information

Vemanti Group, Inc.
Investor Relations
(800) 768-1288
ir@vemanti.com

Source: Vemanti Group, Inc.
 

Vemanti Group's MedicatedOne Starts Shipping Its Cannabis-Infused Product
 

NEWPORT BEACH, CA -- (Marketwired) -- 11/02/16 -- Vemanti Group, Inc. (OTC: VMNT) a diversified holding corporation, announced today that its wholly-owned subsidiary, MedicatedOne, has started shipping cannabis-infused edible products.

The first shipment was delivered in mid-October to New Amsterdam Naturals (http://www.nanwla.com), one of the leading licensed dispensaries in the Los Angeles area. The company has also conducted a successful on-premises product presentation introducing its medical cannabis-infused microwave popcorn to the patients and members of the New Amsterdam Naturals Collective.

Mr. Tan Tran, CEO of Vemanti Group, commented, "Our subsidiary, MedicatedOne, has been innovating in the field of the medical cannabis-infused edibles for some time now. We are positioning it as a leading product design bureau, eyeing vegan, gluten-free, and other variations of edibles not offered by the competition. Our partnership with New Amsterdam Naturals marks a step in the right direction. Not only the location of this dispensary and the size of their collective may ensure better exposure of our current and future products, but their long experience in the industry and established connections with dispensaries and other industry groups across California could serve as a springboard to our future product licensing and branding plans. We are looking forward to soon introducing new additions to our line of edibles and working to further our cooperation with New Amsterdam Naturals."

"We're planning to build our brand aggressively and create a steady revenue stream going forward with a strong belief that Prop 64 will pass through a majority vote in the coming days for California to become a recreational State, giving us access to a marketplace with the publicity and support that we believe could surpass Colorado," further stated Mr. Tan Tran.

California, Prop 64

"A recent article from Forbes magazine stated, 'California is the biggest potential market in the country and the passage of Prop 64 will create an explosion in the value of compliant medical marijuana dispensary and cultivation licenses in good standing,'" said Steve Gormley, CEO of Seventh Point LLC, a private equity fund acquiring those kinds of assets throughout Los Angeles, California. "That's the precedent we've seen in Colorado, Oregon, Washington State, Alaska and D.C.," he said. "I have no reason to believe California will be any different."

Read the full Forbes article here: http://www.forbes.com/sites/julieweed/2016/10/17/marijuana-on-the-ballot-state-by-state-opportunities-for-entrepreneurs/#19717fd75551

About Vemanti Group

Vemanti Group, Inc. (OTC PINK: VMNT) is a diversified holding corporation that's looking to be active in high-growth and technology-driven markets. The company plans to grow through acquisitions by looking for value-added and fundamentally-sound businesses to add to their portfolio. For details on Vemanti Group, Inc. and its portfolio, visit www.vemanti.com.

Legal Disclaimer

The statements contained in this press release contain certain forward looking statements, including statements regarding the company's expectations, intentions, strategies and beliefs regarding the future. All statements contained herein are based upon information available to the company's management as of the date hereof, and actual results may vary based upon future events, both within and without the control of the company's management.

Vemanti Group, Inc.
Investor Relations
(800) 768-1288
ir@vemanti.com

Source: Vemanti Group, Inc.
 

----------------------------------------------------------------------------------------------
About Vemanti Group Inc.

MWE ARE A DIVERSIFIED HOLDING CORPORATION. WE WORK WITH EMERGING COMPANIES IN HIGH-GROWTH MARKETS. OUR STRATEGY IS SIMPLE. WE DRIVE GROWTH BY...


Acquisition
To grow our portfolio, we search for and acquire emerging companies that we consider to be fairly valued with solid fundamentals or attractive growth potential.

Investment
Applying our long-term investment strategy, we seek accretive business combinations that can result in positive cash flow and increasing shareholder values.

Development
Once a company becomes part of our portfolio, we focus our efforts on advising the management team on trends and innovative avenues and strategies for growth and value creation.

Building Valuation
We seek acquisition scale-up targets that can result in positive cash flow and increasing shareholder values. We're not interested in companies that are operating in the "red".

Integration
It's important that we integrate any acquired business into our operations successfully and efficiently. We begin planning the integration process even before a deal is announced.

Diversification
We don't invest unless we can build a portfolio of multiple companies in high-growth markets, and we allocate resources in a way that reduces the exposure to any one particular subsidiary.

WHAT IS OUR COMPANY ABOUT?
We are a diversified holding corporation that seeks to be active in high-growth and technology-driven markets. We plan to grow through acquisitions by looking for businesses that have start-able products and partner with them, starting a joint-venture with an equity stake or making them a wholly owned subsidiary. We focus mainly on scale-ups, seeking to create long-term sustainable value for our businesses and shareholders. We operate our businesses in an integrated ecosystem manner which we believe distinguishes us from other holding groups.

WHAT MAKES US UNIQUE?
Being a publicly traded company, we offer a clean exit strategy for both entrepreneurs and investors. Our company was founded with a clear mission- to make it easier for entrepreneurs to raise capital and be part of public company and for investors to pursue opportunities in emerging companies without being locked in for several years without an exit strategy. For most founders, no matter how successful they are, fundraising tends to be the worst and most distracting part of sustaining and growing a company. Being part of public company is important because it has the potential to allow founders to cash out on their initial investment, spend less time fundraising and more time building their businesses, which is what really matters. And for investors, historically investing in startups or small companies has been reserved only for venture capitalists and highly-connected angel investors. Now anyone can access investment opportunities in startups or small companies through our portfolio and with a guaranteed exit.

WHAT ARE OUR PRIORITIES?
Grow our current businesses with a focus on our core strengths.

Identify and deliver new growth via innovation, expansion into new segments and markets and strategic M&A.
Hold ourselves to high standards for quality, compliance, customer reliability and productivity.
Develop the best team and create a high performance culture and organization where members feel valued, motivated and empowered.

WHAT DEFINES US?

We believe our purpose is to be the very best partners for entrepreneurs.
We believe entrepreneurs should demand that their partners do more than just give their time, make valuable connections, and offer strategic insight. Those things – while important – are just the table stakes.

We believe that being a good partner is key to our success.True partnership means being honest about present threats, and having the mutual trust to navigate those treacherous waters together. It means being accountable to each other and having a willingness to make difficult choices. It’s earning the trust to have the hard conversations about building teams and inventing product and unearthing new market opportunities, and working through these very real challenges together. It means being open about mutual interests, as well as being upfront about where those interests diverge.

These beliefs lead us to do the necessary work to be the best partners we can be. We want to sweat through the night, side-by-side with a company founder, helping to carefully construct a product launch. We like to incubate small teams with big ideas that later can potential grow to become powerhouses. We are often keen on taking long walks with to discuss strategy and user experience.

We see it as our job to make it possible for creators to create and for innovators to innovate.
At the companies in our portfolio, we helped build out the core management, design and product teams. This is because we believe that in order to create maximum value for the companies we have, we need to be generous with our time.

We treat each company in our portfolio with the same importance.
We understand that while we have different portfolio companies, each individual entrepreneur will have their whole lives riding on their one company. We go much further to recognize this conflict and do everything we can to bias on the side of the entrepreneur. We believe entrepreneurs deserve this commitment.

We run things a little bit differently.
We make succession planning a priority for the company, and invest heavily in the development of our newer team members. We manage firm transitions with integrity, because we understand that how we treat our own team is a direct reflection of how we will treat the entrepreneurs we back.

TEAM

TAN TRAN
CHIEF EXECUTIVE OFFICER
Tan Tran is the Founder and the CEO of Vemanti Group. He started the company in 2014, bringing more than 25 years of seasoned hi-tech industry experience, solid computer hardware/software and telecommunications knowledge, strong sales/marketing expertise, and executive management background to his role with the company. He oversees the general corporate direction and strategy for Vemanti Group and its subsidiaries. Prior to founding the company, he worked at various leading technology companies include Western Digital, SMC Networks, Sync Research, Alcatel-Lucent, Veraz Networks, GenBand, Fronde, Metaswitch Networks, and Exalt Communications where he held a variety of management, operations, sales, and marketing roles, covering U.S., Canada, Asia-Pacific, and Latin America markets with revenues in multiples of tens of millions. During that span, he gained expertise in the areas of market/product development, sales/revenue planning and execution for both International and US markets; helping tier-1 service providers and banking institutions develop business and revenue strategies around next-generation network architecture. From 2007-2012, Tan served as a consultant to banks and financial institutions in Southeast Asia on mobile banking, commerce, security, and payments projects and also for U.S. companies looking to establish a market presence in Vietnam. Since founding Vemanti Group, Tan has worked to share Vemanti's strategy and vision with customers, partners, shareholders, and investors. His mission is to turn Vemanti Group into an investment and incubation platform for emerging companies with great growth potential. He attended Fullerton State University with B.S.E.E.

RACHEL BOULDS
CHIEF FINANCIAL OFFICER
Rachel brings more than 15 years of experience to Vemanti’s Finance Team and has spent much of her career building new or transforming existing businesses. She has been engaged in private practice as an accountant and consultant. She specializes in preparation of full disclosure financial statements for public companies to comply with GAAP and SEC requirements. From August 2004 through July 2009, she was employed as an audit senior for HJ & Associates, LLC, where she performed audits and reviews for public and private companies, including the preparation of financial statements to comply with GAAP and SEC requirements. From 2003 through 2004, Rachel was employed as an audit senior for Mohler, Nixon and Williams. From September 2001, through July 2003, she worked as an ABAS associate for PriceWaterhouseCoopers. From April 2000 through February 2001, she was employed an an eCommerce accountant for the Walt Disney Group's GO.com division. Rachel holds a BS in Accounting from San Jose State University.

MATTHEW MCMURDO
GENERAL COUNSEL
As Vemanti’s General Counsel, Matt advises the leadership team on a variety of legal and business matters, and manages our core legal functions, including SEC securities and regulatory compliance. Prior to starting his own firm in 2008, he was Of-Counsel at Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C., in New York from August 2007, where he specialized in securities transactions and private equity and venture transactions. From April 2006 until August 2007, he was an associate at Greenberg Traurig, LLP in New York where he specialized in securities transactions and merger and acquisitions transactions. From November 2005 through April 2006, he was a corporate associate at Sullivan & Worcester LLP in New York where he practiced general corporate law and securities law. From September 2000 through November 2005, he was a corporate associate at Bingham McCutcheon LLP in New York where he began his practice in securities law and further specialized in corporate governance and secured lending. He began practicing law in September 1998 at Brown & Wood LLP in New York as a pooled investment entities associate focused on the 1940 Act. Matt earned his JD from Bingham N. Cardozo School of Law, where he graduated cum laude in 1998. He received a BS in Finance from Lehigh University in 1995.

KEVIN PICKARD
CORPORATE ACCOUNTANT
Kevin brings a deep breadth of accounting and finance experience to Vemanti Groupl which is integral to our growth strategy and success. His understanding of capital markets and reporting expertise are important characteristics as we continue to expand our business. He has extensive accounting experience in the securities industry that includes serving as CFO and providing advisory services for publicly held companies in technology and software sectors. He served as the CFO of NetSol Technologies, Inc., CelLynx Group, Inc., Relm, Tel-Voice Communications Inc., Heart Tronics, Inc., Triton Distribution Systems Inc., Seaena Inc. (formerly, Crystalix Group International Inc.), and Cobalis Corp. Additionally, Kevin has expertise advising on acquisitions and financial reporting for growth-stage companies. His areas of expertise include due diligence on potential acquisitions, the preparation of projections and business plans, assistance with restructuring of companies, posturing companies for initial public offerings, review and preparation of filings with the Securities and Exchange Commission. From August 1996 to July 1998, Kevin was a Partner of Singer Lewak Greenbaum & Goldstein, LLP, Los Angeles, California, where he co-managed the accounting its securities industry practice group. He served as a Business Assurance Manager of PricewaterhouseCoopers, LLP (formerly, Coopers & Lybrand, LLP) in various offices from September 1987 to July 1993 and from April 1994 to August 1996, where he focused on auditing companies in insurance, high-tech and industries. He is a Certified Public Accountant, licensed in North Carolina, Arizona, and California and practiced for over 20 years. He is involved in a number of public offerings and private placements. Kevin holds a BS in Accounting and a Master of Accountancy from Brigham Young University.

RICHARD ORAVEC
COMMUNICATIONS DIRECTOR
Richard is a respected and well-connected veteran in the securities industry. He has repeatedly and successful guided many companies, both US and International-based, become publicly traded on US stock exchanges. As our Communications Director, Richard has the overall responsibility for the company’s external communications. He sets and guides the strategy for our website, press releases, investor relations, and public relations messages. His role is strategic and has a heavy emphasis on brand management. He is responsible for managing and building external relationships with Vemanti's constituencies, including investors and the media. He started his career as a Broker and a Financial Adviser at UBS, a global Swiss financial services company who is considered as the world's largest manager of private wealth assets. Prior to joining our team and over the past 15 years, he has served small to mid-tier companies in Private Equity, Investment Banking and Financial Services. His areas of expertise include M&A, direct public offering, reverse/shell mergers, crowdfunding, corporate branding, 15c-211 filing, and transfer agency services. He co-authored the book "Seeking Your Fortune: Using IPO Alternatives to Find Wealth in the U.S. Stock Markets" which was released in November, 2014 and is currently available on Amazon. Richard is a graduate of Boston University with a BA in Economics and International Relations. He also holds an MBA in Finance from Fordham Gabelli School of Business in New York City.)

SOURCE: www.vemanti.com

Disclaimer