GrowLife Debuts First Kiosk-Based Payment, Cash Management, and Regulatory Compliance Technology for Legal Cannabis Dispensaries Live Model Debuted at National Marijuana Business Conference and Expo
WOODLAND HILLS, Calif., Nov. 15, 2013 /PRNewswire/ -- GrowLife, Inc. (OTCBB: PHOT), a diversified company operating in the legal cannabis industry which develops, markets and deploys products and services addressing the needs of legal cannabis growing and retail operations, including hydroponic growing equipment and retail support software, is pleased to announce the successful debut of its proprietary kiosk-based retail software solution at the recent National Marijuana Business Conference and Expo in Auburn, Washington.
Through the GrowLife Financial brand, the software is installed on a dedicated kiosk providing not just a media rich point of sale experience for dispensary customers, but a cash and credit reporting system assuring tax and regulatory compliance for operators. Operating problems such as "cash shrinkage" and intense government focus primarily upon cash transactions are now addressed on a real-time basis allowing owners online access to detailed reporting tools.
"Our GrowLife Financial brand deploys into a new market segment for us: cannabis industry software development and electronic regulatory compliance. While we will continue to focus upon our core competency of hydroponic equipment and growing support, we now supplement these offerings with hardware and software tools geared specifically to the cash intensive regulatory environment of our customers," stated Sterling Scott, CEO, GrowLife Inc. "Recent developments in Washington and Colorado, as well as many other states, now mandate high levels of transaction security by management and geared to the specific regulatory setting unique to each location."
"Our kiosks provide dispensary customers with a user friendly product ordering system which then receives cash and credit payments," added Scott. "While we believe customers will greatly benefit from our built-in ease of use, we also believe that the 'stress level' of regulators looking to quickly assess dispensary sales activity is now also alleviated. We further confirm ongoing discussions with a number of 'seed-to-sale' cannabis software companies who have expressed interest in integrating their systems with our new product. We will continue to identify customer needs and distribute and develop products in response to these needs. We believe that our industry stands at the edge of monumental change and growth; GrowLife Financial is yet another way for our company to maintain our position at the forefront of these developments."
The GrowLife kiosk was included in a Fox news broadcast about the conference and industry. View here: http://bit.ly/1avdJ3n
For more information please visit: http://ezdispensarypay.com/
A GrowLife Investor Presentation can be viewed online at: http://growlifeinc.com/growlife-presentations-october-2013/
To view GrowLife's Cannabis.org Facebook page and TELL THE TRUTH movement please visit: https://www.facebook.com/tellthetruthfederalgovernment
About GrowLife, Inc.
GrowLife, Inc. (PHOT) (www.growlifeinc.com) develops, markets and deploys products and services addressing the needs of legal cannabis growing and retail operations, including hydroponic growing equipment and retail support software. The Company provides these solutions in our nationwide retail network, as well as online sites Greners.com, Phototron.com and RockyMountainHydro.com. The Company also operates the political and social forum, Cannabis.org
Cautionary Language Concerning Forward-Looking Statements
This release contains "forward-looking statements" that include information relating to future events and future financial and operating performance. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management's good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause these differences include, but are not limited to: fluctuations in demand for GrowLife's products, the introduction of new products, the Company's ability to maintain customer and strategic business relationships, the impact of competitive products and pricing, growth in targeted markets, the adequacy of the Company's liquidity and financial strength to support its growth, and other information that may be detailed from time-to-time in GrowLife's filings with the United States Securities and Exchange Commission. Examples of such forward-looking statements in this release include statements regarding future sales, costs and market acceptance of products as well as regulatory actions at the State or Federal level. For a more detailed description of the risk factors and uncertainties affecting GrowLife, Inc. please refer to the Company's Securities and Exchange Commission filings, which are available at www.sec.gov. GrowLife, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Kyle Tracey, (800) 977-5255
Investor Relations Contact:
Kurt Divich (702) 396-1000
SOURCE GrowLife, Inc.