LAS VEGAS, April 14, 2014 (GLOBE NEWSWIRE) -- Hemp, Inc. (OTC:HEMP) announces sales for the first quarter of 2014, of $5,463,215, surpassing previous high marks for revenue, in any one quarter, since inception. Total sales for first quarter 2014 represent an increase of 1,181% over the same quarter last year and a marked 656% increase over the previous quarter announced just days ago. Since its transition from a developmental stage company to an operational stage company, Hemp Inc.'s (OTC:HEMP) sales for first quarter 2014 alone have far outpaced all four quarters of 2013 by 132% which primarily reflects the added income from its consulting services.
"We are seeing the momentum continuing to build from our sales and marketing efforts. As the first all-hemp public company in the industrial hemp industry, Hemp, Inc. remains grounded and steadfast on ensuring the integrity of its guiding principles and commitment to our shareholders... the proof is in the numbers," said Bruce Perlowin, CEO of Hemp, Inc. (OTC:HEMP). "We continued the tenacious execution of our marketing strategy during the first quarter, further positioning the company for long-term growth and increased shareholder value," continued Perlowin.
Hemp, Inc. executives say due to the company's stability, both financially and operationally, and its commitment to the shareholders, the company expects to continue generating positive sales, in its consulting division as well as in its other corporate divisions, through the remaining fiscal year.
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.
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)
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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