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JACKSONVILLE, FL / May 18, 2020 / BOTS, Inc. -formerly mCig, Inc. (OTCQB:MCIG) a leading distributor of innovative products, technologies, and services for the global medical cannabis industry – announced today that it has changed its corporate name to BOTS, Inc.  The name change reflects the company’s broader advanced technology commitment and its expertise in driving the innovations needed to shape the future of robotic automation management through digital technology and decentralized blockchain solutions.

“The new name – BOTS, Inc. – allows us to emphasize our wide-ranging business objective around changing the way automation is delivered between service providers and businesses, with the goal of increasing access, lowering costs and improving quality,” said Paul Rosenberg, CEO of the Company. 

During the economic recovery period related to the coronavirus, small and large businesses will be seeking new software automation solutions to enable business continuity and a safer return-to-work. 

Companies want cognitive solutions to make business improvements, enhance existing technologies/processes, helping management make better decisions, and reduce tedious tasks—while repurposing and retraining their human workforce.


Instead of relying on bots that attempt to handle everything automatically, customers will be better served by businesses that find a happy medium between human interaction and robotic process automation.

“Bots and humans—working hand in hand—can form a partnership that benefits employees and their employers,” according to Deloitte consulting research.

The “bots” market size is projected to grow to $9.4 billion by 2024 at a compound annual growth rate (CAGR) of 29.7%.

“Chatbots” (chatbot is a bot application used to conduct an on-line chat conversation via text or text-to-speech) can work in segments such as marketing, payments and processing, and services, but when it comes to revenue, chatbots services currently dominate this sectors market share. According to Lauren Foye, by 2022, banks can automate up to 90% of their customer interaction using chatbots. A survey conducted by Spiceworks showed that 40% of large companies employing more than 500 people plan to implement one or more intelligent assistant or AI-powered chat bots over corporate mobile devices.

According to Adobe, 28% of leading companies use AI for marketing, while 31% plan to use AI in the next 12 months. According to Opus Research, by 2021, 4.5 billion dollars will be invested in chatbots.

While our changed name is already effective in our home state of Puerto Rico, we also applied to FINRA for the symbol change to BOTS and will now apply to have our name similarly reflected in the stock market. We will be implementing this new direction indicated by our name change across the company’s products and services throughout the calendar year 2020 and beyond.

About BOTS, Inc

Headquartered in Jacksonville, Florida, BOTS, Inc (formerly mCig,Inc.) (MCIG) is a diversified company servicing the legal cannabis, hemp and CBD markets via its lifestyle brands. The Company is committed to drive the innovations needed to shape the future of robotic automation management through digital technology and decentralized blockchain solutions.

The Company has been featured in media nationwide, including CNBC, Bloomberg, TheStreet.com. For more information, visit www.mciggroup.com and our new website under development www.bots.bz 

Visit us on Facebook @ https://www.facebook.com/mCigInc/

Follow us on Twitter @mcigInc

Forward-Looking Statements

This press release may include predictions, estimates or other information that might be considered forward-looking within the meaning of applicable securities laws. While these forward-looking statements represent the Company’s current judgments, they are subject to risks and uncertainties that could cause actual results to differ materially. You are cautioned not to place undue reliance on these forward-looking statements, which reflect the opinions of the Company’s management only as of the date of this release. Please keep in mind that the Company is not obligating itself to revise or publicly release the results of any revision to these forward-looking statements in light of new information or future events. When used herein, words such as: potential, expect, look forward, believe, dedicated, building, or variations of such words and similar expressions are intended to identify forward-looking statements. Factors that could cause actual results to differ materially from those contemplated in any forward-looking statements made by the Company herein are often discussed in filings the Company makes with the United States Securities and Exchange Commission (SEC) available at www.sec.gov and on the Company’s website at www.mciggroup.com.

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JACKSONVILLE, FL, May 11, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE –mCig, Inc. (MCIG)  CEO Paul Rosenberg publishes an open status letter to Shareholders.

To our Shareholders,

The cannabis industry received a surprise classification during the Covid-19 pandemic, – “essential business.” This may be a harbinger of full legalization to come which should ultimately make our industry far easier to navigate.  It’s not just the US — cannabis legalization and consumption is taking the whole world by storm.

The international advancement towards medical and recreational legalization has dragged marijuana into the mainstream. The whole industry saw a spike in innovation as a result. No longer confined to the edge of the economy, innovative companies in the cannabis space are taking on challenges that the still-developing industry has yet to solve. From product quality assurance to consumption-related, law enforcement, government oversight, taxation issues, banking difficulties- lots of work is still ahead of them.

Visionaries in the cannabis industry are experimenting with using blockchain technology to explore how products can be safer and processes more efficient. Blockchain is revolutionizing the way companies and governments do business – and it will have great benefits for the cannabis industry. People are linking up on cannabis related, blockchain-linked social networks. Expert growers are using blockchain-powered platforms to register new strains and pass along their knowledge to novice growers. Fintech innovators are creating solutions for countless unbanked dispensary customers. Combined, these developments represent the growing impact of blockchain-powered technology in the legal cannabis industry.

The past years have been a demanding learning process that has resulted in discovering that our industry will move to numerous blockchain solutions starting from seed continuing the process to end consumer’s consumption as well as tracking the negative and efficaciousness affects thereof.

In fact, it would not be hard to imagine a world filled with blockchain solutions for every industry from finance to medicine and therefore we will not limit our exposure to the cannabis trade.

In the future, it is likely that most if not all shares, bonds, real estate mortgage transactions will move to blockchain solutions and even NASDAQ and DTCC have substantially delved into this new realm of the future as well as countless other major players.  The impact of the coming transition to blockchain could easily involve trillions of dollars in assets.

The newest components added to this evolution will be AI and robotics as a means to not only make distributed ledgers more efficient but also make them safer, protecting from hackers and malware both in centralized and decentralized environments.

As we seek acquisitions in this quickly expanding field, all of these components, blockchain combined with cryptography, cryptocurrencies, AI and robotics will be highlighted in our quest to position MCIG as a go-to leader.

We are already making moves in this direction, including change of jurisdiction to blockchain and tax friendly Puerto Rico, reserving a new name to match our added direction as well as negotiations under way to acquire a current leader in this field.

Our foresight to add crypto to our portfolio can be seen in a small dividend of Obitx Inc., (OBTX) shares to our shareholders paid years ago while continuing to hold a major stake in this long term investment.

Thank you so much for your ongoing support.  Come grow with us.

Sincerely,

Paul Rosenberg, CEO
MCIG Inc.

About MCIG Group

Headquartered in Jacksonville, Florida, mCig, Inc. (MCIG) is a diversified company servicing the legal cannabis, hemp and CBD markets via its lifestyle brands.

The Company has been featured in media nationwide, including CNBC, Bloomberg, TheStreet.com. For more information, visit www.mciggroup.com.

Visit us on Facebook @ https://www.facebook.com/mCigInc/

Follow us on Twitter @mcigInc

Forward-Looking Statements

This press release may include predictions, estimates or other information that might be considered forward-looking within the meaning of applicable securities laws. While these forward-looking statements represent the Company’s current judgments, they are subject to risks and uncertainties that could cause actual results to differ materially. You are cautioned not to place undue reliance on these forward-looking statements, which reflect the opinions of the Company’s management only as of the date of this release. Please keep in mind that the Company is not obligating itself to revise or publicly release the results of any revision to these forward-looking statements in light of new information or future events. When used herein, words such as: potential, expect, look forward, believe, dedicated, building, or variations of such words and similar expressions are intended to identify forward-looking statements. Factors that could cause actual results to differ materially from those contemplated in any forward-looking statements made by the Company herein are often discussed in filings the Company makes with the United States Securities and Exchange Commission (SEC) available at www.sec.gov and on the Company’s website at www.mciggroup.com.

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