DENVER, July 24, 2014 (GLOBE NEWSWIRE) -- Blue Line Protection Group, Inc. (OTCBB:BLPG) (OTCQB:BLPG), the leader in providing state regulatory compliance, financial services and asset protection to the lawful cannabis industry, today announced the Company has entered into an agreement with a recreational marijuana dispensary in the state of Washington to provide its full suite of security and compliance services.
The Company will provide security guards, armored transportation, cash safe leasing and financial solutions as outlined in the agreement. This represents the Company's first contracted marijuana dispensary in the state of Washington where the first lawful recreational dispensaries opened for business earlier this month.
"Blue Line has already established business operations in Washington in preparation of servicing dispensaries upon marijuana's legalization however the recent contract signing with our first client in this state represents a significant milestone for the Company and its shareholders. Following the opening of the state's first recreational marijuana dispensaries just a few weeks ago, Blue Line Protection Group has signed LOI's with three other dispensaries in addition to this agreement," commented CEO of Blue Line Protection Group, Sean Campbell.
He added, "The Company plans to steadily grow our client base in the state of Washington and continue to establish ourselves as the leading provider of effective and comprehensive 'seed-to-sale' security, legal and financial compliance services in the cannabis industry."
About Blue Line Protection Group, Inc.
Blue Line Protection Group provides state regulatory compliance, financial services and asset protection for businesses engaged in the legal cannabis industry. The company's security personnel are highly trained professionals with significant experience in the U.S. Armed Forces, Special Forces, and law enforcement. Blue Line provides top-tier asset protection from "seed-to-sale," currently serving marijuana dispensaries in Colorado, with operations in Washington and Nevada. For more information, visit www.BlueLineProtectionGroup.com.
Safe Harbor Statement
This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.