LAS VEGAS, March 25, 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 acquired interest in the alternative energy company, Liberated Energy, Inc. (OTC:LIBE) by way of a signed Consultant Agreement. Per the agreement, IHMMCC will provide professional consulting services to help Liberated Energy, Inc. market and distribute their alternative energy products in the Industrial Hemp and Medical Marijuana industries.
"We are thrilled and looking forward to this new venture. After researching the industry and weighing our options, it was a no-brainer to collaborate with Hemp, Inc.'s Industrial Hemp and Medical Marijuana Consulting Company, Inc. (IHMMCC) to create new marketing and distribution capabilities for our Guard LiteTM Security Lighting System for the medical marijuana and industrial hemp industries," states Frank Pringle, CEO of Liberated Energy, Inc. (OTC:LIBE).
Bruce Perlowin, CEO of Hemp, Inc. (OTC:HEMP) said, "Liberated Energy, Inc.'s move into the industrial hemp and medical marijuana industries could not have come at a better time. The demand is expanding for growers and dispensaries to ramp up security for their operations with more comprehensive surveillance and monitoring, especially since most of these operations are high-volume, cash-based facilities."
According to Liberated Energy, Inc. CEO, Frank Pringle, the company has already sold ten Guard LiteTM Security Lighting Systems and is set to commence production of the units. A significant amount of orders is expected as companies in the medical marijuana sector seek to augment their surveillance and monitoring systems for their operational facilities.
The Guard LiteTM Security Lighting System is patent-pending and "uses wind and solar energy to power its security system, which consists of: High Tech LED Lighting WiFi HD Camera with 2 way audio Infrared and Motion Technology. The Guard Lite is self-powered and will use only approximately 10% of its maximum rated wind and solar energy." The objective, according to Liberated Energy, Inc.'s website, is to also "make small wind and solar turbine technology a significant contributor to the global clean energy supply portfolio by providing consumers with an affordable renewable energy option for their homes and business".
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 and medical marijuana sector and plans to market the Guard LiteTM Security Lighting System in states favorable to medical marijuana. As the country transitions to embrace more sustainable agriculture practices, public companies want to expand into the medical marijuana and industrial hemp industry and IHMMCC is leading the way. Hemp, Inc. executives say their subsidiary continues to be inundated with potential consulting agreements from companies seeking to capitalize in this multi-billion dollar industry that is spurring ecological and economic benefits.
"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 and medical cannabis arena.
ABOUT HEMP, INC.
Hemp, Inc. (OTC:HEMP) focuses on the vast market created by the growing, multibillion dollar industrial hemp industry and strives to be the most diversified company in the sector. Hemp, Inc. (OTC:HEMP) is not currently involved in the cultivation or marketing of medical marijuana. It is the company's belief that legalization of Industrial Hemp in all 50 states (which is now possible with the passage of the 2014 Farm Bill) will come to pass. With that in mind, the company continues to build infrastructure with the potential to gain substantial market share before and after Industrial Hemp prohibition totally ends.
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.