LAS VEGAS, Feb. 27, 2014 (GLOBE NEWSWIRE) -- Hemp,
Inc.'s (OTC:HEMP) wholly owned subsidiary, The Industrial Hemp and
Medical Marijuana Consulting Company, Inc. (IHMMCC), is pleased to
announce that it has signed an agreement with Greene Concepts, Inc.
(OTC:LKEN), an ink technology manufacturing and distribution
company. Under the terms of the Agreement, IHMMCC will provide
professional consulting services in an effort to help source
hemp-based products, including hemp-based ink, hemp paper and other
industrial hemp related products for their "hemp-centric" website,
The Hemp Exchange (http://hemp-x.com), as it expands into the
industrial hemp industry.
"Hemp, Inc. has been evaluating products in this
industry for the last 5 years. We have a vast resource of companies
that produce hemp products that can enhance The Hemp Exchange
portal and we have close relationships with these companies. Our
industry contacts are second-to-none and we look forward to making
the The Hemp Exchange one of the largest hemp portals on the
planet, and creating significant revenues for Greene Concepts, Inc.
while doing it," said Bruce Perlowin, CEO of Hemp, Inc. (OTC:HEMP).
(Companies interested in marketing their hemp products on Green
Concepts' Hemp Exchange should contact Hemp, Inc. as soon as
possible.)
The Hemp Exchange is an online destination for
hemp-related products and services that serves as a central
location point for industrial hemp producers, manufacturers,
consumers and experts alike.
Per the agreement, Greene Concepts, Inc. will pay
an initial professional consulting fee of 35,062,216 shares of
their common stock and then for each renewable term of the
Agreement (a total of 3 years) an additional 11,570,531 common
shares made payable to Hemp, Inc., on a quarterly basis. Based on
the market closing price day before yesterday, the agreement is
projected at approximately $596,057 down with approximately
$2,956,446, worth of stock, over the course of 3 years, in addition
to a cash component of $50,000 per month for a cash total amount of
$1,800,000 over the course of 3 years in profit for Hemp, Inc.
Our consulting division, IHMMCC, has far
outstripped Hemp, Inc.'s other divisions in profitiability and has
turned out to be an enormous economic goldmine for Hemp, Inc. and
for its current and future shareholders," said Perlowin. "In just
this month alone, we have not only made an exorbitant amount money
but we've created ongoing revenues for the next 3 years. We are
also in the midst of negotiating consulting contracts with numerous
other companies which will be announced as these contracts are
finalized."
The agreement with Green Concepts, Inc. (OTC:LKEN)
is creating substantial revenue for Hemp, Inc.'s first quarter and
a stable 3-year quarterly revenue, adding great value to Hemp,
Inc.
According to Perlowin, Hemp, Inc.'s subsidiary,
The Industrial Hemp and Medical Marijuana Consulting Company, Inc.
(IHMMCC), is well-entrenched and connected in the industrial hemp
sector. As the country transitions to embrace more sustainable
agriculture practices, public companies want to expand into the
industrial hemp industry and IHMMCC can help lead the way. Hemp,
Inc. executives say their subsidiary has been inundated with
potential consulting agreements from companies seeking to
capitalize in this multi-billion dollar industry tha is spurring
ecological and economic benefits.
To keep pace, Hemp, Inc. implemented a "Hemp
Ambassador" system, whereby the "Hemp Ambassador" works hands-on
with each company. Perlowin says the "Hemp Ambassadors" create a
sense of a "Community of Companies" all working together to pool
their resources, marketing connections and strategies in order to
help all the companies grow simultaneously. Thus far, the public
companies included within Hemp, Inc.'s "Community of Companies"
include VaporBrands International, Inc., Resource Ventures, Inc.,
Dewmar International BMC, Inc., WebXU, Inc.
"We feel the extensive time and effort it would
take to source a wide variety of hemp products for our hemp-centric
portal (The Hemp Exchange) will be dramatically reduced due to
IHMMCC's invaluable, personal relationships with their vast network
of industry companies that have already been in the industry for
years. Those relationships that have been fostered and cultivated
over the years are beyond calculable value for industry newbies,"
said Lenny Greene, CEO of Greene Concepts, Inc. (OTC:LKEN).
Greene Concepts, Inc. is looking forward to taking
advantage of the industry's explosive growth and stock feeding
frenzy. "We strongly believe the return on our investment will
yield huge profits for our company and for current and future
shareholders," concluded Lenny Greene, CEO of Green Concepts,
Inc.
In a recent Hemp, Inc. release, Perlowin was
quoted saying, "The medical marijuana, recreational marijuana, and
industrial hemp industries are emerging out of the shadows of
illegality and the quote 'black market' and into the limelight of a
legitimate and legal industry, reminiscent of America's first
prohibition and post prohibition economic opportunities."
"The Industrial Hemp and Medical Marijuana
Consulting Company, Inc." pulls industry information from a vast
network of specialists that consists of other public industry,
public and private companies, public companies' CEOs and networks
of experts, bankers, investors, lawyers, other consultants,
industry analysts, and non-profits connected to this industry as
well as the traditional industry experts in all areas of the
various business opportunities the industry presents. The unrivaled
wealth of knowledge and experience is attracting companies looking
to diversify and expand into the industrial hemp arena.
ABOUT HEMP,
INC.
Hemp, Inc. (OTC:HEMP) focuses on the vast market
created by the quickly emerging, and growing, multibillion dollar
industrial hemp industry. Hemp, Inc. (OTC:HEMP) is not involved in
the cultivation or marketing of medical marijuana. It is the
company's belief that legalization of hemp in all 50 states and at
the federal level (which is now possible with the passage of the
2014 Farm Bill) will come to pass. With that in mind, the company
is building infrastructure with the potential to gain substantial
market share before and after industrial hemp prohibition totally
ends. (Pending any federal licensing or other requirements, that
may be enacted after hemp prohibition totally ends). To see Bruce
Perlowin on Bloomberg TV discussing industry realities visit
Bloomberg TV.
About Greene Concepts,
Inc.
Greene Concepts, Inc.
(http://www.greeneconcepts.com/) is an ink technology Manufacturing
and Distribution Company headquartered in Fresno, CA. Chairman and
Founder Lenny Greene has spent the past 30 years serving the
printing needs of businesses and consumers. Greene Concepts intends
to be the catalyst for the introduction of a number of innovative
products and marketing strategies, including its announced
hemp-centric website, and to bring the world the best products at
the lowest prices so consumers and business can save time, save
money, print more and print better.
ABOUT THE INDUSTRIAL HEMP
AND MEDICAL MARIJUANA CONSULTING COMPANY, INC.
The Industrial Hemp and Medical Marijuana
Consulting Company (IHMMCC) is a wholly owned subsidiary of Hemp,
Inc. (OTC:HEMP) that pulls industry information from a vast network
of specialists that consists of other public and private companies,
public company CEOs, bankers, investors, lawyers, industry analysts
and experts, and non-profits connected to the industry. IHMMCC is
entrenched in all the multi-faceted opportunities in the medical
marijuana and Industrial Hemp industry. (www.HempInc.com)
Hemp, Inc.'s TRIPLE BOTTOM
LINE
Hemp, Inc. (HEMP) seeks to benefit many
constituencies, not exploit or endanger any group of them. Thus,
the publicly-traded company believes in "upstreaming" of a portion
of profit from the marketing of their finished hemp goods back to
its originator. By Hemp, Inc. focusing on comprehensive investment
results-that is, with respect to performance along the interrelated
dimensions of people, planet, and profits - our triple bottom line
approach can be an important tool to support sustainability
goals.
FORWARD-LOOKING
DISCLAIMER
This press release may contain certain
forward-looking statements and information, as defined within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934, and is subject to the
Safe Harbor created by those sections. This material contains
statements about expected future events and/or financial results
that are forward-looking in nature and subject to risks and
uncertainties. Such forward-looking statements by definition
involve risks, uncertainties and other factors, which may cause the
actual results, performance or achievements of Hemp, Inc. to be
materially different from the statements made herein.
http://www.herbagenix.com (hemp-based supplements
division) |
http://www.basichemp.com (hemp protein with enhanced
nutritionals) |
http://www.mjlover.com (MJ Lover for Him; MJ Lover for
Her) |
http://www.hempinc.tv (media and entertainment division)
http://www.marijuanaincorporated.com |
http://www.marijuana.tv (educational site) |
http://www.cartelblue.com (eco-friendly clothing) |
http://www.ecoharmonycard.com (loyalty card sustainable
fundraiser for non-profits) |
http://www.supportpatchadams.com (hemp gemstone candles
and fundraiser for patch adams) |
CONTACT: phone:1-855-HEMPOUT
email:info@hempincsupport.com
http://www.hempinc.com
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Hemp, Inc. via Globenewswire
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