LAS VEGAS, Jan. 10, 2014 (GLOBE NEWSWIRE) -- Hemp, Inc. is pleased to announce that its shareholders of record, as of close of business on January 13, 2014, will receive a dividend in the form of BioAdaptives, Inc. which is now, officially, a fully reporting development stage company. The S-1 filed, effective today, makes the 2,000,000 BioAdaptives, Inc. shares issued to Hemp, Inc. freely trading shares. This equates to approximately 1 share of BioAdaptives, Inc. for every 923 shares of Hemp, Inc. common, owned by a shareholder.
As a fully reporting public company, BioAdaptives, Inc. is now requesting a trading symbol and DTC eligibility. "Although this has taken longer than expected, we have made good on our commitment to spin-off one of Hemp, Inc.'s most viable divisions that isn't specifically in our core industry. This spin-off allows Hemp, Inc. to focus on its core business, plus gives our shareholders free stock in a new company brimming with opportunities," said Bruce Perlowin, CEO of Hemp, Inc.
Hemp, Inc. has been producing hemp-based products proven to increase the body's overall health and performance. The company boasts HerbaGenixTM nutraceuticals (www.herbagenix.com); BasicHemp (www.basichemp.com), their hemp protein shakes brand; and, custom-branded MJ Lover for Him and MJ Lover for Her (www.mjlover.com).
Other products include hemp gemstone candles made on the Kins Domain; the Eco-Harmony Loyalty Card (www.ecoharmonycards.com); Hemp, Inc.'s flagship website and aged URL (www.hemp.com) which is the portal for all industrial hemp products and what is quickly becoming the "Amazon" of the industrial hemp industry; hemp and natural fibre clothing (www.cartelblue.com) coming Spring 2014; education and media (www.marijuanaincorporated.com); bruceperlowin.com; hemp industry information and education (www.hemp.com, www.marijuanainc.tv, www.hemp.tv); and Hemp, Inc.'s Hemp Ambassador program, which Perlowin discussed during TheStockRadio.com's radio interview.
Hemp, Inc.'s TRIPLE BOTTOM LINE
Hemp, Inc. (OTC: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.
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