MassRoots Issues Update on its Planned Acquisition of Empire Services, Inc., Which is Continuing its Expansion

MassRoots Issues Update on its Planned Acquisition of Empire Services, Inc., Which is Continuing its Expansion

MassRoots, Inc. recently entered into a Letter of Intent to acquire Empire Services, Inc., which is expected to result in MassRoots generating significant revenues and positive cashflows from operations

MassRoots, Inc. (“MassRoots” or the “Company”) (OTCPink:MSRT) is pleased to report that Empire Services, Inc. (“Empire”) recently entered into an agreement to acquire an additional metal recycling facility in Virginia. This is the first of several independent metal recycling facilities Empire plans to roll-up in the coming weeks to aggressively expand its footprint.

“We believe that the roll-up of independent, profitable metal recycling facilities will not only grow Empire’s revenues but could lead to greater profit margins through economies of scale”

MassRoots recently entered into a Letter of Intent to acquire Empire, which is expected to result in MassRoots generating significant revenues and positive cashflows from operations. Upon closing of the Empire acquisition, the Company intends to apply to uplist to the Nasdaq Capital Market or the NYSE American Market, which MassRoots believes would result in a significant increase in visibility, liquidity, and institutional interest for its stock.

“We believe that the roll-up of independent, profitable metal recycling facilities will not only grow Empire’s revenues but could lead to greater profit margins through economies of scale,” stated Danny Meeks, Chairman of MassRoots. “We’ve been operating metal recycling facilities since 2002 and our playbook has thrived through nearly every economic climate and a global pandemic. Our expansion, including the planned acquisition of this additional facility, has historically been funded primarily by our operating cashflows. By merging Empire with MassRoots, we believe we will have greater access to capital to aggressively expand our business and create value for our shareholders.”

Isaac Dietrich, Chief Executive Officer of MassRoots added, “The technology solutions we’ve implemented for Empire – a cloud-based ERP system, a corporate website with live metal prices, and an online junk car purchasing platform – have already resulted in organic revenue growth and cost savings through operating efficiencies. The planned closing of the Empire acquisition is proceeding on schedule and I believe it will be transformative for the more than 30,000 loyal and supportive MassRoots shareholders.”

Established in 2002, Empire currently operates 10 metal recycling facilities in Virginia and North Carolina and expects to continue expanding its footprint in the coming weeks. It has historically generated higher profit margins when market prices for metal rise.

About MassRoots

MassRoots, Inc. (OTC Pink: MSRT) is a technology company which aims to deliver quality information and create operating efficiencies through cloud-based solutions. MassRoots has been covered by CNBC, CNN, Financial Times, Wall Street Journal, New York Times, Reuters, and the Associated Press.

About Empire Services

Established in 2002, Empire Services, Inc. currently operates 10 metal recycling facilities in Virginia and North Carolina and expects to continue expanding its footprint in the coming weeks. Empire is headquartered in Virginia and has approximately 65 employees as of June 2021.

Forward-looking Statements

This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These include, without limitation, statements about expected closing of Empire acquisition, the future revenues of the Company and Empire, Empire’s plans of expansion, and the listing of the Company on a senior exchange. These statements are identified by the use of the words “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,” “predict,” “potential,” “project” and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations, and intentions reflected in or suggested by the forward-looking statements are reasonable, we can give no assurance that these plans, objectives, expectations, or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results may differ materially from those in the forward-looking statements and the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in our filings with the U.S. Securities and Exchange Commission. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events, or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

Contacts

Isaac Dietrich
(303) 816-8070
[email protected]

MassRoots, Through its Planned Acquisition of Empire Services, Inc., Poised to Benefit from Rising Metal Markets and Inflationary Pressures

MassRoots, Through its Planned Acquisition of Empire Services, Inc., Poised to Benefit from Rising Metal Markets and Inflationary Pressures

MassRoots, Inc. recently entered into a Letter of Intent to acquire Empire Services, Inc., which is
expected to result in MassRoots generating significant revenues and positive cashflows from operations

Norfolk, VA June 14, 2021 — MassRoots, Inc. (“MassRoots” or the “Company”) (OTCPink:MSRT) is
pleased to report that it expects Empire Services, Inc. (“Empire”) to realize significant revenue growth
and higher profit margins as a result of rising metal prices and inflationary pressures. Further, Empire
plans to aggressively expand its footprint over the coming weeks through the roll-up of independent,
profitable metal recycling facilities.

MassRoots recently entered into a Letter of Intent to acquire Empire, which is expected to result in
MassRoots generating significant revenues and positive cashflows from operations. Upon closing of the
Empire acquisition, the Company intends to apply to uplist to the Nasdaq Capital Market or the NYSE
American Market, which MassRoots believes would result in a significant increase in visibility, liquidity,
and institutional interest for its stock.

“Over the coming weeks, we plan to aggressively expand Empire’s footprint through the roll-up of
independent, profitable metal recycling facilities,” stated Danny Meeks, Chairman of MassRoots. “With
inflationary pressures continuing to increase and unabating demand for metals independent of a potential
infrastructure investment package, we believe there will be a robust market for metals for the foreseeable
future. These are the market conditions in which Empire thrives and has historically generated the highest
revenues and profit margins.”

Isaac Dietrich, Chief Executive Officer of MassRoots added, “We have implemented several technology
solutions that have already increased metal volumes and operating efficiencies at Empire’s existing
facilities. These include a cloud-based ERP system, a corporate website with live metal prices, and in the
very near future, an instant online quoting system for people looking to sell their junk cars. The planned
closing of the Empire acquisition is proceeding on schedule and I believe will be transformative for the
more than 30,000 loyal and supportive MassRoots shareholders.”

Established in 2002, Empire operates 10 metal recycling facilities in Virginia and North Carolina and
expects to continue expanding its footprint in the coming weeks. It has historically generated higher profit
margins when market prices for metal rise.

About MassRoots
MassRoots, Inc. (OTC Pink: MSRT) is a leading technology company which aims to deliver quality
information and create operating efficiencies through cloud-based solutions. MassRoots has been covered
by CNBC, CNN, Financial Times, Wall Street Journal, New York Times, Reuters, and the Associated
Press.

About Empire Services
Established in 2002, Empire Services, Inc. operates 10 metal recycling facilities in Virginia and North
Carolina and expects to continue expanding its footprint in the coming quarters. Empire is headquartered
in Virginia and has approximately 65 employees as of June 2021.

Forward-looking Statements
This press release contains certain forward-looking statements within the meaning of the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995. These include, without limitation,
statements about expected closing of Empire acquisition, the future revenues of the Company, the future
synergy between the Company and Empire’s business, and the listing on a senior exchange. These
statements are identified by the use of the words “could,” “believe,” “anticipate,” “intend,” “estimate,
“expect,” “may,” “continue,” “predict,” “potential,” “project” and similar expressions that are intended to
identify forward-looking statements. All forward-looking statements speak only as of the date of this
press release. You should not place undue reliance on these forward-looking statements. Although we
believe that our plans, objectives, expectations, and intentions reflected in or suggested by the forward-
looking statements are reasonable, we can give no assurance that these plans, objectives, expectations or
intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some
of which are beyond our control) and assumptions that could cause actual results to differ materially from
historical experience and present expectations or projections. Actual results may differ materially from
those in the forward-looking statements and the trading price for our common stock may fluctuate
significantly. Forward-looking statements also are affected by the risk factors described in our filings with
the U.S. Securities and Exchange Commission. Except as required by law, we undertake no obligation to
update or revise publicly any forward-looking statements, whether as a result of new information, future
events or otherwise, after the date on which the statements are made or to reflect the occurrence of
unanticipated events.
Source: MassRoots, Inc.


Contact Info:
Isaac Dietrich
(303) 816-8070
[email protected]

MassRoots Issues Update on its Planned Acquisition of Empire Services, Inc., Which is Continuing its Expansion

MassRoots Appoints Danny Meeks as Chairman of its Board of Directors

MassRoots, Inc. recently entered into a Letter of Intent to acquire Empire Services, Inc., which is expected to result in MassRoots generating significant revenues and positive cashflows from operations

Norfolk, VA June 7, 2021 — MassRoots, Inc. (“MassRoots” or the “Company”) (OTCPink:MSRT) is pleased to announce that it has appointed Danny Meeks, sole shareholder of Empire Services, Inc. (“Empire”), as the Chairman of its Board of Directors ahead of the planned closing of the Empire acquisition. 

MassRoots recently entered into a Letter of Intent to acquire Empire, which is expected to result in MassRoots generating significant revenues and positive cashflows from operations. Upon closing of the Empire acquisition, the Company intends to apply to uplist to the Nasdaq Capital Market or the NYSE American Market, which MassRoots believes would result in a significant increase in visibility, liquidity, and institutional interest for its stock.

“As Chairman of MassRoots, I believe it is my responsibility to deliver consistent revenue growth, acquire profitable businesses to expand our sources of revenue, and minimize dilution to our more than 30,000 loyal and supportive shareholders,” stated Danny Meeks, Chairman of MassRoots. “At its core, MassRoots is a technology company and the solutions we’ve already implemented for Empire have resulted in an increase in our weekly revenues and customers. Over the coming weeks, we intend to further expand MassRoots’ board of directors through the appointment of seasoned and diverse professionals to ensure we have independent directors who not only meet the requirements of a national exchange but also give confidence to institutions that we are establishing strong corporate governance. Upon closing of the Empire acquisition, I believe MassRoots will have one of the most compelling stories in the small cap market.”

Established in 2002, Empire operates 10 metal recycling facilities in Virginia and North Carolina and expects to continue expanding its footprint in the coming quarters. It has historically generated higher profit margins when market prices for metal rise. 

About MassRoots 

MassRoots, Inc. (OTC Pink: MSRT) is a leading technology company which aims to deliver quality information and create operating efficiencies through cloud-based solutions. MassRoots has been covered by CNBC, CNN, Financial Times, Wall Street Journal, New York Times, Reuters, and the Associated Press. 

About Empire Services

Established in 2002, Empire Services, Inc. operates 10 metal recycling facilities in Virginia and North Carolina and expects to continue expanding its footprint in the coming quarters. Empire is headquartered in Virginia and has approximately 65 employees as of June 2021.

Forward-looking Statements
This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These include, without limitation, statements about expected closing of Empire acquisition, the future revenues of the Company, the appointment of new directors, and the listing on a senior exchange. These statements are identified by the use of the words “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,” “predict,” “potential,” “project” and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, we can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results to differ materially from those in the forward-looking statements and the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in our filings with the U.S. Securities and Exchange Commission. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

Source: MassRoots, Inc.

Contact Info:

Isaac Dietrich

(303) 816-8070
[email protected]

MassRoots Issues Update on its Planned Acquisition of Empire Services, Inc., Which is Continuing its Expansion

MassRoots Issues Update on Its Expected Acquisition of Empire Services, Inc. and Plans to Uplist to a National Exchange

MassRoots, Inc. (“MassRoots” or the “Company”) (OTCPink:MSRT) is pleased to release the following update on its expected acquisition of Empire Services, Inc. (“Empire”) and plans to meet the listing requirements and apply to list its shares of common stock on a national exchange.

MassRoots recently entered into a Letter of Intent to acquire Empire, which is expected to result in MassRoots generating significant revenues and positive cashflows from operations. Upon closing of the Empire acquisition, the Company intends to apply to uplist to the Nasdaq Capital Market or the NYSE American Market, which MassRoots believes would result in a significant increase in visibility, liquidity, and institutional interest for its stock.

“We believe it is in the best interests of our more than 30,000 shareholders to put MassRoots on the quickest possible path to a listing on a national exchange,” stated MassRoots Chief Executive Officer Isaac Dietrich. “At its core, MassRoots is a technology company and when we took a look at Empire, we saw an incredible opportunity to apply our knowledge and expertise to an often overlooked yet highly profitable industry. We believe the Empire acquisition will put MassRoots on a stable financial footing, with positive cashflows from operations, and will likely enable MassRoots to meet all the listing requirements of both the Nasdaq Capital Market and the NYSE American Market.”

“Over the coming weeks, we intend to expand MassRoots’ board of directors through the appointment of seasoned and diverse professionals to ensure we have independent directors who not only meet the requirements of a national exchange but also give confidence to institutions that we are establishing strong corporate governance,” stated Danny Meeks, the sole shareholder of Empire. “Upon closing of this transaction, we believe MassRoots will have one of the most compelling stories in the small cap market and we could not be more excited to get to work for all of MassRoots’ loyal and supportive shareholders.”

Upon closing of the merger, Mr. Meeks will join MassRoots’ Board of Directors as its Executive Chairman. Established in 2002, Empire operates 10 metal recycling facilities in Virginia and North Carolina and expects to continue expanding its footprint in the coming quarters. It has historically generated higher profit margins when market prices for metal rise.

About MassRoots

MassRoots, Inc. (OTC Pink: MSRT) is a leading technology company which aims to deliver quality information and create operating efficiencies through cloud-based solutions. MassRoots has been covered by CNBC, CNN, Financial Times, Wall Street Journal, New York Times, Reuters, and the Associated Press.

About Empire Services

Established in 2002, Empire Services, Inc. operates 10 metal recycling facilities in Virginia and North Carolina and expects to continue expanding its footprint in the coming quarters. Empire is headquartered in Virginia and has approximately 65 employees as of June 2021.

Forward-looking Statements

This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,” “predict,” “potential,” “project” and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, we can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results to differ materially from those in the forward-looking statements and the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in our filings with the U.S. Securities and Exchange Commission. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

Originally published via Business Wire

Adult-Use Cannabis is Now Legal in New York

Adult-Use Cannabis is Now Legal in New York

On Tuesday, New York legislators decisively voted to pass a bill legalizing recreational marijuana for adults in the Empire State. 

In a show of overwhelming support, the state senate passed the bill 40-23 before handing it off to the assembly, where it was approved in a 100-49 vote. Despite the bill being released a short three days prior, Tuesday’s approval process took only a matter of hours. 

Today the legislation then headed to Governor Andrew Cuomo’s (D) desk, where within hours he signed the bill into law.


“Legalizing adult-use cannabis isn’t just about creating a new market that will provide jobs and benefit the economy—it’s also about justice for long-marginalized communities and ensuring those who’ve been unfairly penalized in the past will now get a chance to benefit. I look forward to signing this legislation into law,” the governor said in a statement signaling his support for the bill. 

Restorative justice and equity have been critical points in the discussions between the governors’ office and legislators during the past weeks. As it stands, New York’s legalization bill will do more than simply legalize marijuana. Senate Majority Leader and co-sponsor of the bill, Andrea Stewart-Cousins (D), said,

“There were many important aspects of this legislation that needed to be addressed correctly—especially the racial disparities that have plagued our state’s response to marijuana use and distribution as well as ensuring public safety—and I am proud that through strong collaboration, we have reached the finish line.”

Equity Provisions In MRTA

The Marijuana Regulation and Taxation Act (MRTA) will also immediately expunge prior marijuana convictions from New Yorker’s records as well as create protections for cannabis workers against discrimination in housing, educational access, and parental rights. In addition, marijuana odor will no longer be sufficient enough reason for police to conduct a search. 

It seems the governor has also acquiesced on another sticking point during preliminary discussions—the reinvestment of marijuana tax revenue in minority communities most affected by prohibition.

With the MRTA Bill, legislators aim to issue 50% of cannabis business licenses to social equity applicants. Additionally, 40% of cannabis tax revenue will go into a minority reinvestment fund, another 40% would be allocated to public schools, and 20% would fund drug rehabilitation programs. 

“My goal in carrying this legislation has always been to end the racially disparate enforcement of marijuana prohibition that has taken such a toll on communities of color across our state, and to use the economic windfall of legalization to help heal and repair those same communities,” said Senate Finance Committee Chairwoman Liz Krueger (D) who co-sponsored the bill alongside Stewart Cousins. “I believe we have achieved that in this bill, as well as addressing the concerns and input of stakeholders across the board.” 

Other Provisions In MRTA

The other major hurdle stalling progress on legalization efforts regarded whether driving while impaired by marijuana would remain a misdemeanor offense or be reduced to a traffic violation. 

For now, driving under the influence of cannabis will continue to be a misdemeanor, though the Department of Health will begin a study searching for technology that can more accurately determine if a driver is under the effects of marijuana while operating the vehicle.

Other provisions in the MRTA include allowances for adults to cultivate up to six cannabis plants for personal use with a maximum of twelve plants per household, allowances for marijuana delivery services, and the creation of a new Office of Cannabis Management that would operate within the umbrella of the New York State Liquor Authority. 

“After years of tireless advocacy and extraordinarily hard work, that time is coming to an end in New York State,” said Governor Cuomo.

New York Legislature Clears Huge Hurdle In The Way Of Marijuana Legalization

New York Legislature Clears Huge Hurdle In The Way Of Marijuana Legalization

The Big Apple is one giant step closer to legalizing marijuana for adult use.

Yesterday, State Senate Majority Leader Andrea Stewart-Cousins (D) told reporters that the State Legislature and Governor Andrew Cuomo (D) had overcome last week’s impasse regarding impaired driving. With that impediment removed, all signs point towards a bill passing in the next few days.

“I think we are really, really really close on (legalizing) marijuana, we have gotten past the impasse of the impaired driving,” Stewart-Cousins said. “We are looking to get language that will I think be satisfactory in the next day or so.”

What’s The Issue?

The issue at hand was whether driving under the influence of marijuana should be treated as a traffic infraction or criminal misdemeanor.

Law enforcement groups, including the District Attorneys Association of the State of New York, raised concerns that classifying impaired driving as a traffic infraction would send the wrong message to the public, endangering residents and visitors.

Conversely, legislators have emphasized the importance of reducing marijuana incarcerations, as well as ending the police practice of conducting searches on the basis of marijuana odor alone.

The lack of effective roadside testing technology further complicates things since present-day testing methods can not accurately determine how recently a driver has consumed marijuana.

At The Negotiating Table 

Currently, how exactly lawmakers resolved the impasse remains unclear. However, Governor Cuomo has already conceded two key provisions in his legalization plan to the legislature: social equity funding and home-grow. 

The Marijuana Regulation and Taxation Act (MRTA), co-sponsored by Stewart-Cousins and Senate Finance Committee Chairwoman Liz Krueger (D), starkly contrasted the governor’s original marijuana bill by allowing New York residents to cultivate cannabis inside their own homes, as well as by setting aside a percentage of marijuana tax revenue to be reinvested in the minority communities that have been most affected by marijuana prohibition.

While the exact language in the bill remains hazy, Senator Krueger said in a radio interview that she is “extremely pleased with the agreement that we have come to.”

Is The Third Time The Charm For Governor Cuomo?

This will be the governor’s third attempt at passing marijuana reform. In 2019 and 2020, Cuomo endeavored to pass a legalization bill through his executive budget, though each time he was thwarted by his own party who criticized the gubernatorial office for prioritizing tax revenue above criminal justice reform. This year, however, the legislature has made it clear that negotiations will take place outside of the budget process. 

Regardless of their differences, both Cuomo and the legislature are optimistic that they will reach an agreement soon. The governor made his intention to succeed in legalizing marijuana this go-round by saying, “We’ve tried to do that for the past three years, we have to get it done this year.”

“Since I’ve never gotten this close to the deadline before, I’m feeling that there is impetus to get this done as quickly as possible,” Senator Krueger recently said. “ I am prepared to do everything in my power to close this out, get this bill to both floors, and get it signed by the governor.”

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