The market conditions are changing continuously over the past few years. One trend that has been followed most is to form a partnership, with another company in the same or different industry and expand operations. In this series, American Green Inc (OTCMKTS:ERBB) has decided to enter into a joint venture deal with Mediatechnics Corporation (OTCMKTS:MEDT) to make the most of the prevailing market conditions.
There can be different reasons that prompt two companies to come together and expand their businesses, but one thing that remains constant is growth. The case of American Green and Mediatechnics is no different. The primary objective of this joint venture deal is to increase the revenues and market control.
According to reports, Evergreen Systems Incorporated, the wholly owned subsidiary of Mediatechnics has finished the development of BlazeNow. It is one of the best in class suites available for mobile applications for the Android and iOS operating systems. It can be used to provide a consumer review system for various doctors, dispensaries, and delivery services in the legal cannabis industry. It can also be used for the location specific advertisement services by the companies operating in the same industry. The company is looking forward to launching it as soon as possible. According to reports, if everything goes fine, then BlazeNow will be released on April 20, 2015.
Apart from this, Mediatechnics Corporation (OTCMKTS:MEDT) has also made significant developments in the reasoning behind indoor cultivation lighting. It is also looking forward to initiating a call center that will focus on the medical cannabis industry. Apart from sharing important information about cannabis industry, this call center will also sell products of American Green on revenue sharing basis. Management of both the companies is optimistic about the success of this joint venture and hopes that both the companies will touch new heights in the near future with each other’s help.