LAS VEGAS, May 21, 2014 (GLOBE NEWSWIRE) -- Hemp, Inc. (OTC:HEMP) today announced first-quarter 2014 sales revenue of $5,490,874 resulting in a net income for the quarter of $2,606,782, surpassing previous high marks for revenue, in any one quarter, since inception. First quarter sales increased 1,188% over first quarter sales the previous year and a marked 660% increase over the previous quarter. Since Hemp, Inc.'s transition from a developmental stage company to an operational stage company, sales have increased as shown by 2014's first quarter. Specifically, sales from the first quarter, which primarily reflects the added income from its consulting services, have far outpaced all four quarters of 2013 by 133%.
"In the first quarter we continued to build our sales and marketing efforts and investments," said Bruce Perlowin, CEO of Hemp, Inc. (OTC:HEMP). "As we progress through 2014, we'll continue to form an organized and unified cohesive 'Community of Companies' with very interactive ambassadors who interface with each of these companies in order to expand their presence, products and services into the medical marijuana and Industrial Hemp industries with all its many facets. So, we're eagerly looking forward to bringing more hemp-based green solutions to the American people. Over the long term, our efforts will position us to drive growth and increased value to our shareholders."
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 earnings, cash flow and sales through the remaining fiscal year.
According to Perlowin, IHMMCC's "Community of Companies" is the best 'connected' consulting company in the industry. Thus far, the public companies include: Dewmar International BMC, Inc.; 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); and, Cloud Medical Doctor Software Corp (NSCT) which have all mutually benefitted from the network.
ABOUT HEMP, INC. (OTC:HEMP)
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 – not yet. ( www.hempinc.com ) Watch Bruce Perlowin on Bloomberg TV .
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.
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.
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 POTION(TM) 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 an agreement with Hemp, Inc's IHMMCC to publish "The Hemp Nation Magazine". According to the agreement, while Hemp, Inc. will to 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 mdlg@cloud-mds.com .
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 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)
About Liberated Energy, Inc. 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 VAPORBRANDS INTERNATIONAL, INC. (OTC:VAPR)
VaporBrands International, Inc. is a marketing and development partner for manufacturers of electronic cigarettes. Electronic cigarettes represent the future of smoking; they produce no smoke, tar, ash or offensive odor while containing about the same amount of nicotine as traditional tobacco cigarettes. Unlike traditional tobacco cigarettes, electronic cigarettes can be used in many public places currently restricted from smoking. VAPR intends to focus on creating opportunities for culturally relevant brands seeking to acquire significant market share in the rapidly growing "vaping" sector of the global marketplace. VaporBrands International, Inc. will also be marketing an electronic vapor delivery system for the medical marijuana-based dispensaries and for hemp oil products. ( www.vaporbrands.com )
FORWARD-LOOKING DISCLAIMER
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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