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Last $0.0013 USD
Change Today -0.0001 / -5.80%
Volume 1.1M
As of 11:11 AM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

futureworld corp (FWDG) Snapshot

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52 Week High
07/17/14 - $0.04
52 Week Low
05/8/15 - $0.0012
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futureworld corp (FWDG) Details

FutureWorld Corp., together with its subsidiaries, focuses on the identification, acquisition, development, and commercialization of hemp/cannabis products, services, and technologies worldwide. It provides smart sensor technology, communication network, surveillance security, data analysis for smart cultivation, and consultation for the industrial hemp and legal medicinal marijuana. The company offers CBD oil; URVape vaporizer pen to extract the active ingredients from cannabis; CaNNaLyTiX, a dashboard controller system that allows various computer systems to be integrated throughout a cultivator’s infrastructures; CaNNaTRAK, the barcode and RFID tracking systems for hemp/cannabis; and SPIDer (secure perimeter intrusion detection network), a system to meet the needs of theft and malicious attacks. It also provides SmartSense, which offers wireless security and smart sensor mesh network for precision agriculture, irrigation systems, and greenhouses for the hemp industry; Smart.NRG that offers tools to analyze various aspects of a cultivator’s energy usage; and CaNNaBoX machine, which operates with the swipe of a card to verify identity, age, and prescription information of a medical marijuana patient before releasing measured packages of marijuana. In addition, the company offers CaNNaBit that provides Bitcoin and Fiat currency exchange services, payment processing, on-line real-time currency trading, cash management, and digital currency exchange transaction services for transferrable electronic cash equivalent for dispensaries. Its target customers include first and foremost end consumers via Internet sales, direct-to-consumer health and wellness stores, collectives, cooperatives, affiliate sales, and master distributors. The company was formerly known as FutureWorld Energy, Inc. and changed its name to FutureWorld Corp. in June 2014. FutureWorld Corp. was founded in 2002 and is based in Saint Petersburg, Florida.

8 Employees
Last Reported Date: 07/17/14
Founded in 2002

futureworld corp (FWDG) Top Compensated Officers

Chairman of the Board and Acting Chief Execut...
Total Annual Compensation: $108.4K
Compensation as of Fiscal Year 2014.

futureworld corp (FWDG) Key Developments

Futureworld Corp. Announces Unaudited Financial Results for the Fourth Quarter Ended March 31, 2015

FutureWorld Corp. announced unaudited financial results for the fourth quarter ended March 31, 2015. For the quarter, revenue was $585,945 as compare to $0 a year ago. Net income was $21 million as compared with net loss of $156,319 a year ago (if sale of FutureLand included, net income will increase to an estimated $81 million). Diluted income per share was $0.023 as compared with a $0.0004 loss per share a year ago (if sale of FutureLand included, diluted income per share would increase to an estimated $0.10).

FutureWorld To Sell CB Scientific

FutureWorld Corp. (OTCPK:FWDG) board of directors have elected to sell/spin off MedTest, Inc. (CB Scientific) on May 4, 2015. We are currently in the process of negotiation and evaluation of the merger candidates. A third party valuation firm may be engaged for the merger value validation. The transaction will be based on all stock. More information will be provided when details on the merger candidate and the process is available.

FutureWorld Corp. Terminates Bill Short as the COO

On March 30, 2015, FutureWorld Corp, filed a fourteen count lawsuit in the Circuit Court in Pinellas County, Florida against several former consultants and two entities owned by such persons. The fourteen counts include counts for theft of intellectual and actual property, embezzlement, computer fraud, tortious interference with existing business relationships, and for an immediate injunction against all the defendants named to stop them from conducting any business transactions or being involved in the same business as CB Scientific and related FutureWorld entities. In the lawsuit it is alleged that these defendants purposefully stole test kit properties, plans, and attempted to derail and stall sales of test kits, all the while setting up their own businesses to compete with FutureWorld's CB Scientific, in violation of their agreements contractually. FutureWorld has sued Bill Short, Derek Lebahn, Charles Steinberg, Richard Buck, Ander Marlatt, Herbal Synergy, LLC and JCRAB Industries. On March 27, 2015, The company decided to terminated Mr. Bill Short's services to the company as the COO of FutureWorld Corp. effective immediately. The termination was in accordance with Company policy and mainly based on facts represented in the referenced lawsuit against Mr. Bill Short and other parties. The Company does not plan to replace this position at the present time.


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