LAS VEGAS, Feb. 13, 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 Dewmar International BMC, Inc. to strategically launch a series of consumable goods that stem from the functional and nutritional components of hemp. The products will qualify to be sold in all 50 states.
Per the agreement, Dewmar International BMC, Inc. will pay an initial professional consulting fee of 30 million shares of their common stock and then for each term of the Agreement (a total of 3 years) an additional 10 million shares made payable to Hemp, Inc., on a quarterly basis. "Our consulting division is booming. Based on day before yesterday's closing price, this agreement, worth about $1,200,000, has created more revenue for Hemp, Inc.'s first quarter. Based on Dewmars current stock, our initial consulting fee was equivalent to $240,000 in stock. It also creates a stable 3-year quarterly revenue ... $960,000 over the next 3 years, adding great value to Hemp, Inc. and its shareholders," said Bruce Perlowin, CEO of Hemp, Inc.Hemp, Inc.'s IHMMCC also has a similar agreement with Resource Ventures, Inc. with similar terms.
The industrial hemp and medical marijuana industry is on the verge of becoming a multi-billion dollar industry, according to industry analysts. Bruce Perlowin, CEO of Hemp, Inc. said, "The Industrial Hemp and Medical Marijuana Consulting Company is the best 'connected' consulting company in the industry, since we were the ones that started the sector and have been there since the very beginning." IHMMCC specializes in helping other public companies move into the medical marijuana, recreational marijuana and industrial hemp industries by finding new products and channels of distribution that fit within these industries to help create real revenues in our industry's market.
Perlowin stated, in a past release, "I know where all the gold is hidden in this industry, every nuance of business niche, what will work and won't work, what has been tried before and what new ideas and concepts for the industry will fly or fail. When I'm not sure of something, or it's in one of the many areas outside my particular expertise then I know who to go to, who is an expert in this area and who more likely, than not, will immediately know all the answers or where to find them quickly. Our consulting division is extremely diverse and broad."
Marco Moran, CEO of Dewmar International BMC, Inc. added, "We look forward to continuing to identify beneficial relationships to broaden Dewmar's international consumer footprint with pioneers such as Mr. Perlowin. He was years ahead of everyone in recognizing the many applications of the hemp plant and the enormous economic opportunity. The world is just beginning to catch up with his insight. Bruce Perlowin and Hemp, Inc. are the perfect partners."
Moran added, "This consulting agreement was well worth the payment terms. Our stock share trading increased from 1,400,000 volume to 24,442,816 in volume in just over a week. We are definitely looking forward to the next phase of this new relationship with Hemp, Inc.'s IHMMCC, where we will bring our combined marketing talents to creat significant sales revenues for both companies."
According to Dewmar International BMC, Inc., the company plans to introduce products infused with hemp into the marketplace. "We believe that the ultimate economic opportunity that is being created by the new legislation regarding hemp farming is incalculable. Hemp oil, seeds and fiber can be used in many different products and it makes the products better, stronger and greener than the current products on the market. Since Dr. Moran is a licensed pharmacist with extensive relationships within the healthcare community, I believe he will also take advantage of opportunities within healthcare," said Perlowin.
ABOUT HEMP, INC.
Hemp, Inc. (OTC Pink:HEMP) focuses on the vast market created by the quickly emerging, and growing, multibillion dollar industrial hemp industry. Hemp, Inc. (OTC Pink: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 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 ends. (Pending any federal licensing or other requirements, that may be enacted after hemp prohibition fully ends). To see Bruce Perlowin's interview on Bloomberg TV, speaking on Hemp, Inc. and the industrial hemp industry, click here.
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 Pink:HEMP) that pulls industry information from a vast network of specialists that consists of other public industry, public company CEOs, bankers, investors, lawyers, industry analysts, 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)
About Dewmar International BMC, Inc.
Dewmar International BMC, Inc. is a leading provider of consumer brands to global markets. The Company's flagship product, LEAN SLOW MOTION POTION(TM) whose three flavors are Yella, Purp and Easta Pink, is rated as one of the top 3 national selling relaxation beverages currently available in the U.S. market, Trinidad & Tobago, Puerto Rico and Mexico. The Company has entered into significant relationships and business discussions intended to leverage the explosion in national popularity of both the industrial hemp and medical marijuana industry, and forecasts a strong presence in the space for the immediate and long-term future. The company has offices in Clinton, Mississippi; Houston, Texas and Las Vegas, Nevada.
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.
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.re-load.biz (hemp-based nutraceuticals)
http://www.hempinc.tv (media and entertainment division)
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)
Source: Hemp, Inc.