Hemp, Inc. (OTC: HEMP) Inks Lucrative Deal for Its Nutraceutical Division -- HerbaGenix™
LAS VEGAS, April 26, 2013 /PRNewswire/ -- Hemp, Inc. (OTC: HEMP) announced today that it has entered into an Agreement with Bruce Perlowin to sell its 3 Complete Protein through its Nutraceutical division, HerbaGenix™. The lucrative agreement is a result of the company's efforts in continuing its strategy of delivering exceptional hemp-derived products to consumers worldwide. The deal will bring in over $1 million in company profits.
Specifically, under the terms of the agreement, the Buyer, Bruce Perlowin, will purchase $50,000 of the protein each month for the duration of 2 years to total $1.2 million in real dollars for the company. According to the legally binding agreement, "The 3 Complete Protein shall be commensurate with the quality normally provided by Seller in the market."
"This transaction further strengthens our balance sheet and clears the way for Hemp, Inc. to focus all of its attention on maximizing the value of the company's core business. The Board is now in a position to begin considering options that are in the best interest of the company's shareholders for deploying the net cash proceeds harvested from this particular asset," said Perlowin.
Bruce Perlowin, CEO of Hemp, Inc. (OTC: HEMP) said the Agreement is based on the same concept of the "New Economic Paradigm", "Purchasing Matrix". His innovative purchasing matrix has already generated over $40,000 in purchases. "With the Purchasing Matrix beta-tested and producing, it's very obvious it will reach $50,000 in purchases each month in the near future, so I decided to match that amount. Since this "Humanitarian Economic Model" allows that first $50,000 to generate very large profits for the company and gives the protein to starving people in the U.S. and around the world, I wanted to celebrate this accomplishment by matching and thus duplicating that achievement.
Perlowin has indeed "Reversed Engineered The Economics Of Industry." Through the "Benefactors of Humanity" Perlowin demonstrates that a public company can do acts of kindness and make a huge profit at the same time. His philosophy is, "Those who give the most earn the most in a "New Economic Paradigm" that is now operating in the world today." (See Benefactors of Humanity.)
Other Hemp, Inc. business divisions that include the aged URL Hemp.com plan to drive industrial hemp back to the homes of consumers across the world as the "go-to" site for all things hemp; MarijuanaInc.TV to "edu-tain" its viewers on the latest, greatest cannabis news and happenings in the industry; BasicHemp (www.basichemp.com), MJ Lover (www.mjlover.com); Eco Harmony Loyalty and Rewards Card; and, Hemp, Inc.'s newly acquired hemp and natural fiber clothing Scrubnuts.
According to David Tobias, Hemp, Inc.'s President, "There is tremendous opportunity ahead and we are ecstatic with the Agreement and know our shareholders will be as well."
ABOUT Hemp, Inc.
Hemp, Inc. (OTC: HEMP) focuses on the vast market created by the quickly emerging, and growing, multibillion dollar industrial hemp industry, allowing to freely market in all 50 states. Hemp, Inc. currently is not involved in the cultivation or marketing of medical marijuana. It is the company's belief that legalization of growing hemp and medical marijuana in all 50 states and at the federal level will come to pass very quickly now. With that in mind, the company is building the infrastructure with the potential to gain substantial market share before and after industrial hemp and medical marijuana prohibition ends.
Hemp, Inc.'s TRIPLE BOTTOM LINE
Hemp, Inc. (OTC: 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, in which most cases will one day be the American farmer, cultivating natural, sustainable products. 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.
CEO of Hemp, Inc., Bruce Perlowin, positioned the company as a leader in the industrial hemp industry, with a social and environmental mission at its core. In fact, he wanted to, consciously, found a business with non-financial goals that weren't an after-thought, but are part of its DNA.
http://www.herbagenix.com (hemp based supplements division)
http://www.basichemp.com (hemp protein with enhanced nutritionals)
http://www.mjlover.com (MJ Lover for Him; MJ Lover for Her)
http://www.re-load.biz (hemp-based nutraceuticals)
http://www.ecoharmonycards.com (loyalty card sustainable fundraiser for non-profits)
http://www.supportpatchadams.com (hemp gemstone candles and fundraiser for patch adams)
http://www.hempinc.tv (media and entertainment division)
http://www.cartelblue.com (eco-friendly clothing)
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.
SOURCE Hemp, Inc.