Bethesda, MD, May 4, 2015 (GLOBE NEWSWIRE) -- India Globalization Capital, Inc. (NYSE-MKT: IGC) announces a date change to its inaugural Major Themes Investment Conference featuring a legal cannabis presentation track. The investment conference originally scheduled for June 9, 2015 will be held in NYC at the Harvard Club on June 16, 2015.
The event will feature corporate presentations, key note speakers and will include a specialized track of North American companies in the emerging legal cannabis industry. Midtown Partners & Co., LLC ("MTP"), New York based broker-dealer, will host the conference.
"We have higher demand than we anticipated. In order to accommodate the expected crowd we needed to change the venue, which necessitated a change in the date. We also have considerable demand from high quality private companies that want to present. We are excited to add an additional new format to accommodate private companies and accredited investors. Along with an array of compelling corporate presentations, the conference will feature thought leaders who will detail cannabis related market and regulatory analysis and investment opportunities in an industry that we believe is an emerging major investment theme" said John Clarke Managing Director of Midtown Partners.
"We remain confident in our plan to build shareholder value by focusing on three exciting verticals within the legal cannabis sector: a) facilities and technologies, b) legal cannabis research and investment banking, and c) pharmaceuticals and nutraceuticals that harness the medicinal value of cannabinoids," stated Ram Mukunda, CEO of IGC, Inc.
About IGC and Midtown Partners & Co., LLC
Based in Bethesda, Maryland, IGC has articulated a strategy of developing verticals in the emerging legal cannabis industry. We are currently engaged in trading, building vertical farming facilities, and rental of heavy equipment in India, China and the United States. IGC's website: http://www.igcinc.us.
Follow IGC's latest developments on: Facebook https://www.facebook.com/IGCINCUS and Twitter @IGCIR
Based in New York City, New York, Midtown is an independent investment bank focused on facilitating growth by providing creative and unique financial solutions to high growth companies within the lower middle market. For more information about Midtown please visit its website at http://www.midtownpartners.com.
Some of the statements contained in this press release that are not historical facts constitute forward- looking statements under the federal securities laws. Forward-looking statements can be identified by the use of the words "may," "will," "should," "could," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "intends," "potential," "proposed" or the negative of those terms. The term "crowd funding" or "crowdfunding" is not a recognized regulatory term and is meant as a reference to offerings of investment securities under the JOBS Act of 2012 for regulations both currently adopted and to be adopted in the future by the Securities & Exchange Commission and FINRA as a result of that legislation. These statements are not a guarantee of future developments and are subject to risks, uncertainties and other factors, some of which are beyond IGC's control and are difficult to predict. Consequently, actual results may differ materially from information contained in the forward-looking statements as a result of future changes or developments in our business, our acquisition and diversification strategy, our competitive environment, infrastructure demands, iron ore availability and governmental, regulatory, political, economic, legal and social conditions in, among other places, China and India. Except as required by federal securities laws, IGC undertakes no obligation to publicly update any forward- looking statements, whether as a result of new information, future events, or otherwise. Other factors and risks that could cause or contribute to actual results differing materially from such forward- looking statements have been discussed in greater detail in IGC's Form 10- K for fiscal year ended March 31, 2014, and in subsequent reports filed with the U.S. SEC.
CONTACT: Investors Contact Information: Claudia Grimaldi 301-983-0998
Source:India Globalization Capital