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Solid Growth for Hemp, Inc. as Record Revenues and Purchase of Decortication Equipment Increases Value to Its Shareholders(July 10, 2014)
LAS VEGAS, July 10, 2014 (GLOBE NEWSWIRE) -- Reprinted from July 3, 2014, this material event warranted another release. For those who missed it the first time, Hemp, Inc. (OTC:HEMP) has purchased a whole line of automated Temafa decortication equipment designed to separate the fiber from the core of the hemp plant through a process known as decortication. The Temafa decortication line of equipment, the only one of its kind in the United States, purchased by Hemp, Inc. will now enable the company to process raw hemp for American farmers into two valuable base products (fiber and hurd) that can both yield hundreds of products. The equipment is currently located at a plant in North Carolina. Hemp, Inc. is set to move the equipment to a more suitable location such as South Carolina, North Carolina, or the Georgia area. Click here to see video of the processing plant.
"This purchase of decortication equipment was a critical step in order for Hemp, Inc. to help Americans transition from non-sustainable synthetic solutions to a hemp-based green solution. We are very excited at what we'll be able to achieve once our manufacturing facility ramps its hemp production volume up over the next few years," said Perlowin, CEO of Hemp, Inc. (OTC:HEMP).
Now that Hemp, Inc. has purchased the only decortication equipment of this scale in the country, executives said they are looking forward to purchasing the American farmers' hemp for processing which would allow the farmers to benefit from the move to a more sustainable, beneficial, and faster growing biomass supplied through hemp.
Up until a short time ago the Temafa decortication equipment had been in use in North Carolina for processing kenaf (Hibiscus cannabinus which is a plant in the Malvaceae family) ... a substance similar to hemp, often called Ambari Hemp and Deccan Hemp.
Due to the similarities of kenaf and hemp, the same equipment can process both raw materials. Appraised as "very good" condition, the decortication equipment was originally purchased for over $10,000,000. The recent purchase made by Hemp, Inc. (OTC:HEMP) not only included the machinery, but also included roughly 15 million pounds of raw and processed kenaf which can be sold to the automotive, paper, oil drilling, textile industries and as construction materials. The kenaf was an important source of bast or cordage fibers used in the manufacturing of rope, bagging and other coarse fiber products.
Since purchasing its line of automated decortication equipment and accompanying kenaf, Hemp, Inc. (OTC:HEMP) has already made its first sale of its raw and processed kenaf in the United States. According to Hemp, Inc. executives, a developer in Kingman, Arizona purchased approximately 12,000 pounds of raw kenaf and approximately 15,000 pounds of finished kenaf fiber for inclusion in the concrete and/or stucco home building materials for their environmentally sound eco-community.
Bruce Perlowin, CEO of Hemp, Inc. said, "Our first sizable sale was done just 3 weeks after the purchase of the decortication equipment."
"The kenaf will be incorporated as the base for the construction material to build out 4,500 acres for the Arizona Kins Domain. The kenaf is currently being used in lieu of hemp until our American farmers can increase their hemp crop(s) or until we import it from an outside source, such as China. Since the kenaf is a natural material, we are helping American farmers, and Americans in general, transition from non-sustainable synthetic solutions to a more environmentally friendly hemp-like solution," continued Perlowin.
"This first order reaffirms Hemp, Inc.'s long-term business goals of a hemp presence on two continents."
According to Perlowin, disassembling the decortication machinery has been successfully progressing and has put Hemp, Inc. ahead of schedule of moving the machinery to a suitable location for a facility, or plant. One Industry expert stated, "Hemp grows better in a hot and humid climate, similar to the climate favored by cotton, so the Southeastern part of the United States makes an ideal location. And since this decortication line of equipment is the only one of its kind in the United States, it has put Hemp, Inc. at a strong advantage."
Hemp, Inc. has not only received requests for samples of the kenaf, but has also since received a potential order for 200,000 pounds of kenaf. Other potential buyers of the kenaf are currently testing the kenaf and if it suits their needs, may purchase the entire inventory, according to Hemp, Inc. CEO, Bruce Perlowin. The kenaf is expected to be an easy sell. It has a history of being an important source of bast or cordage fibers used in the manufacturing of rope, bagging and other coarse fiber products.
Hemp, Inc. has been doing exceptionally well according to its executives. The company's first-quarter 2014 sales revenue of $5,490,874 (derived primarily from consulting fees through Hemp, Inc.'s wholly owned subsidiary, The Industrial Hemp and Medical Marijuana Consulting Company (IHMMCC) and its "Community of Companies") resulted in a net income for the quarter, alone, of $2,606,782, surpassing previous high marks for revenue, in any one quarter, since inception. (See Hemp, Inc. Reports 2014 First Quarter Results – 5/21/2014)
Last year (2013) sales, from nutraceuticals, were $2,357,266 which represented an increase of 26,359% over the previous year (2012). (See Hemp, Inc. Reports Full Year and Fourth Quarter 2013 Results – 4/8/2014). It was also the year Hemp, Inc. went from a developmental stage company to an operating company with stable, consistent growth through each quarter.
"Simply put, our divisions are strong. Now with a hemp processing plant of this caliber and magnitude, we expect over the long term our efforts will have positioned us to drive growth and increased value to our shareholders," concluded Perlowin. "Our new hemp processing plant is expected to be the most profitable division of Hemp, Inc. yet."
Bruce Perlowin, CEO of Hemp, Inc. said, "Hemp, Inc. is the pioneer of the Industrial Hemp industry. We are also advocators and educators who have promulgated for years hemp's viability as a sustainable resource. The possibilities are endless. Industrial Hemp is a burgeoning, relentless industry bursting at the seams. Its strength is in numbers and more people are demanding it as a greener alternative. Hemp, Inc. is now in the position to supply that demand. The future couldn't be more bright."
According to Perlowin, the future is also very bright for Hemp, Inc.'s subsidiary, The Industrial Hemp and Medical Marijuana Consulting Company, known as IHMMCC which is comprised of a "Community of Companies". IHMMCC has been touted as the best 'connected' consulting company in the industry. Thus far, the public companies include: Dewmar International BMC, Inc. (DEWM); Resource Ventures, Inc. (REVI); Webxu, Inc. (WBXU); Greene Concepts, Inc. (LKEN); Global Links Corp (GLCO); Strategic Global Investments, Inc. (STBV); Liberated Energy, Inc. (LIBE); Hollund Industrial Marine, Inc. (HIMR); Vapor Brands International, Inc. (VAPR); Cloud Medical Doctor Software Corp (NSCT); View Systems, Inc.; and, PPJ Enterprise (PPJE), which have all mutually benefitted from the network.
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 currently involved in the cultivation or marketing of medical cannabis. (www.hempinc.com) Watch Bruce Perlowin on Bloomberg TV.
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. IHMMCC is entrenched in all the multi-faceted opportunities in the medical marijuana and Industrial Hemp industry. (www.HempInc.com) Executives of IHMMCC are interviewing an additional 14 companies and expect considerably more to sign up with this network of companies in the coming weeks, and months.
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.
SAFE HARBOR ACT
Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.
Other "Community of Companies"
ABOUT PPJ ENTERPRISE (OTC:PPJE)
PPJ Enterprise (PPJ) is a leader in proprietary automated healthcare reimbursement cycle software, online health information digital-systems software and practice information management digital-system software. The company was founded in the year 2000. Headquartered in Reno, Nevada, the company serves as health care providers and general businesses worldwide. Their flagship product is their revolutionary medical billing software system. PPJ Enterprise's principal activity is serving as a medical reimbursement consulting firm. They help medical practices become more efficient and save money by allowing providers to outsource their insurance processing and medical billing functions. More information can be found at www.ppjenterprise.com.
ABOUT DEWMAR INTERNATIONAL BMC, INC. (OTC:DEWM)
Dewmar International BMC, Inc. is a leading provider of consumer brands to global markets. The Company's flagship product, Lean Slow Motion PotionTM 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. 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 entered into an agreement with Hemp, Inc.'s IHMMCC to create a co-branding partnership to strategically launch a series of its consumer goods that stem from the functional and nutritional components of hemp. The company has offices in Clinton, Mississippi; Houston, Texas and Las Vegas, Nevada.
ABOUT RESOURCE VENTURES, INC. (OTC:REVI)
Resources Printing & Graphics is a "Total Graphics" company with its roots in offset printing & direct mail. The company entered into an agreement with Hemp, Inc's IHMMCC to publish "The Hemp Nation Magazine". According to the agreement, while Hemp, Inc. will produce and edit all content for the industrial hemp magazine, REVI will bear responsibility for publishing the magazine. It is anticipated that hemp paper will be used for at least some of the material for publishing the magazine, including the cover. Although based in Southern California and Colorado, their production plants are located across the US and in China. Their model is simple; customer service is first, with the best quality products available and fast turnarounds. Their clients count on them for all their graphics needs, including offset printing, direct mail, promotional items, banners & posters, packaging, point of purchase, binders and more. Resource Ventures, Inc. has served customers nationwide for over 27 years and will be expanding into the international market. Resources Printing & Graphics is in the early stages of their new online print and graphics website "WikiClickPrint.com". Customers simply upload their artwork to the site or use templates to create unique graphics. The Company is well positioned for significant future growth. (www.resourcesprinting.com)
ABOUT CLOUD MEDICAL DOCTOR SOFTWARE CORPORATION (OTCQB:NSCT)
Cloud Medical Doctor Software Corporation (Cloud-MD) (OTCQB:NSCT), trades on OTCQB, the venture stage marketplace for companies that are current in their reporting with a U.S. regulator (SEC). With the help of Hemp, Inc.'s IHMMCC, Cloud-MD expects to bring a new level of professional encryption security and inventory management solutions to the Hemp and Medical Marijuana Industries. Investors can find Real-Time quotes and market information for the Company on http://www.otcmarkets.com. For further information about Cloud Medical Doctor Software Corporation go to http://www.cloud-mds.com or firstname.lastname@example.org.
ABOUT HOLLUND INDUSTRIAL MARINE INC. (OTC:HIMR)
Headquartered in Blaine, WA, Hollund Industrial Marine Inc. (OTC:HIMR) seeks to align the interests of businesses, communities, utilities and governments by offering an integrated business model for underwater forest management. Per an agreement with Hemp, Inc.'s IHMMCC, IHMMCC will advise Hollund on a market strategy focusing on nations with progressive legislation on hemp cultivation, that also have viable underwater timber projects -- such as Panama, France, Canada and China. Hollund's model -- including resource and needs assessment, permitting, environmental and project planning, logging, milling, product branding and sales adds value for its shareholders, partners and reservoir based communities. (www.hollundindustrial.com)
ABOUT LIBERATED ENERGY, INC. (OTC:LIBE)
Liberated Energy, Inc. is a growing alternative energy company seeking to reduce the purging of our planet's resources by bringing patentable and, more importantly, affordable ideas to the marketplace. After entering into an agreement with Hemp, Inc.'s IHMMCC to help Liberated Energy, Inc. market and distribute their alternative energy products in the Industrial Hemp and Medical Marijuana industries, IHMMCC facilitated the largest order, to date, for Liberated Energy, Inc.'s (OTC:LIBE) Guard Lite Security Lighting System, less than one week after its strategic partnership. The order was for twenty (20) lighting units which created revenue for Liberated Energy, Inc. For more information on Liberated Energy, Inc., visit www.liberatedenergyinc.com.
ABOUT STRATEGIC GLOBAL INVESTMENTS (OTC:STBV)
Strategic Global Investments is a company engaged in developing the two primary sectors of the business; providing various venues to reach the client's target audience with on demand programming or advertising through Wazillo.com and WazilloMedia.com and creating a considerable position in the emerging marijuana industry. WazilloMedia.com is involved in the production of videos for customers and consumers permitting the use of the Company's state of the art studios to produce their own videos and the use of a website where subscribers can make available live, streaming video for their potential audience. The company entered into an agreement with Hemp, Inc.'s IHMMCC to develop a larger network of business relationships, enhance its sales and marketing tactics, public communications, public partner company ventures, and receive general industry specific guidance. Strategic Global will also provide video production and professional video development, and online streaming for Hemp, Inc. as well as make services available to other Hemp, Inc. and IHMMCC clients through their high tech studios in San Diego and their collaboration with Emmy Award winning Soapbox Multimedia, Inc. The Company produces Internet content, taped video shows, in their state-of-the-art studios in San Diego, California, where the productions can be stored and replayed on Demand 24/7 through the Company's cutting edge Content Management System. For more information visit its website at: www.strategicglobalinvestments.com.
ABOUT WEBXU, INC. (OTC:WBXU)
Webxu, Inc. is a media company that develops branded consumer Websites and acquires and integrates consumer-oriented businesses in the customer acquisition and e-commerce categories. The company also provides marketing solutions for online businesses, media agencies, and marketers. By working with Hemp, Inc.'s IHMMCC, Webxu will be able to expand its reach and provide ongoing services in the areas of online web development and advertising initiatives for businesses in the Industrial Hemp and Medical Marijuana industry. Webxu was founded in 2010 and is based in Los Angeles, CA. For more information about Webxu, visit http://www.webxu.com.
ABOUT GREENE CONCEPTS, INC. (OTC:LKEN)
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. By joining forces with Hemp, Inc.'s IHMMCC, LKEN expects to bring additional sources of hemp-based products, including hemp-based ink, hemp paper and related products, to its hemp-centric website, The Hemp Exchange (http://hemp-x.com). 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 GLOBAL LINKS CORP. (OTC:GLCO)
Global Links Corp. is a holding company committed to exploring business opportunities in emerging industries. The company now has three subsidiaries, one of which is Hemp Life Today, a growing online source for industry information and branded products related to Hemp and Medical Marijuana. The company signed an agreement with Hemp, Inc.'s IHMMCC in which both companies will work together to introduce and sell specific hemp products on Hemp Life Today's website as part of the revenue sharing agreement. For more information on Global Links Corp, please visit www.globallinkscorp.com or visit http://www.hemplifetoday.com.
ABOUT VIEW SYSTEMS (OTC:VSYM)
View Systems, Inc. is a fully reporting OTC.BB company that designs, manufactures and installs weapons detection systems combined with video management platforms, on-line monitoring and Alarm and Fire communications networks. More information can be found at www.viewsystems.com.
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