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Tumbleweed Holdings, Inc. Announces Additions to Its Leadership Team

NEW YORK, April 20, 2015 (GLOBE NEWSWIRE) -- Tumbleweed Holdings, Inc., a leader in the emerging cannabis economy, is pleased to announce that Bill Hewson and Patrick Moore are joining the Tumbleweed leadership team in the roles of Chief Strategy Officer and Chief Technology Officer, respectively.

Mr. Hewson joins Tumbleweed after spending the past year as a strategy consultant for the company, developing the company's future direction. Over a 30 year career in strategy, marketing, advertising and planning, he has held leadership positions in a variety of public and private marketing and communications companies, serving the world's leading brands. His work includes creating ground-breaking data-driven marketing programs for global enterprise clients including American Express, AT&T, General Motors, Kellogg, Mars and Philips Electronics. Bill now leads Tumbleweed's company and operating unit strategies, including data strategy, product development, positioning, marketplace penetration, customer segmentation, branding, and communications. Bill has a degree in Economics from St. Lawrence University.

Mr. Moore has over 25 years of advanced technology leadership and innovation to his credit in both enterprise and start up organizations. Prior to joining Tumbleweed, Patrick was President of Blackhawk Technology Group, a leading innovator of digitally enabled business solutions. Prior to founding Blackhawk, Patrick was co-founder and CTO of Lemonade, Inc., a leading digital social commerce company where he was responsible for the company's technology leadership and product development. Lemonade was named the Time Magazine/CNN "Website of the Year" in 2007. Previously, Patrick was Chief Technology Officer for eLUXURY and Sephora.com, both LVMH companies where he was responsible for designing and developing e-commerce architecture and systems. Patrick attended Oregon St. University.

Gary Herman, Tumbleweed's Chairman and CEO, "With Bill and Patrick's backgrounds in strategy and technology, as well as their deep understanding of the emerging cannabis marketplace, we are well positioned to implement Tumbleweed's business strategy across multiple segments of this emerging economy's value chain."

About Tumbleweed

The Company's strategy is to pursue acquisitions and investments in the emerging legal cannabis sector, with a goal of operating businesses in product testing, business intelligence, and technology and data applications, as regulations permit. We acquire, invest in and operate both established businesses and innovation-focused start-ups with strong management teams and business models in this sector.

Opportunities under active consideration include scientific product testing facilities, software applications and data systems for the legal cannabis market, and other related product development solutions.

Forward-Looking Statements

This release contains "forward-looking statements" that include information relating to future events and future financial and operating performance. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management's good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause these differences include, but are not limited to: fluctuations in demand for Tumbleweed's products, the introduction of new products, the Company's ability to maintain customer and strategic business relationships, the impact of competitive products and pricing, growth in targeted markets, the adequacy of the Company's liquidity and financial strength to support its growth, and other information that may be detailed from time-to-time in the Company's filings with the United States Securities and Exchange Commission. Examples of such forward-looking statements in this release include statements regarding future sales, costs and market acceptance of products as well as regulatory actions at the Federal and State levels. For a more detailed description of the risk factors and uncertainties affecting the Company, please refer to the Company's Securities and Exchange Commission filings, which are available at www.sec.gov. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACT: For more information please contact: Gary Herman, Chairman & CEO gary@tumbleweedhldgs.com Tel: (212) 247-0581Source:Tumbleweed Holdings, Inc.