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.
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.
Source: Hemp, Inc.