CORAL SPRINGS, Florida, February 20, 2014 /PRNewswire/ --
Medical marijuana briefing: companies prepare for increased production as sector quickly expands: DirectView Holdings, Inc. (OTC: DIRV), PetroTech Oil and Gas, Inc. (OTC: PTOG), Dewmar International BMC Inc. (OTC: DEWM), Nuvilex, Inc. (OTC: NVLX) and Oculus Innovative Sciences Inc. (NASDAQ: OCLS)
DirectView Holdings, Inc. (OTC: DIRV), a company focused on ownership and management of leading video and security technology companies, today announced that its wholly owned subsidiary, DirectView Security Systems, Inc. ("DirectView Security"), has begun early stage discussions with several marijuana industry companies to provide a number of potential video surveillance and access control solutions. DirectView Security sees tremendous growth potential for the Company in this rapidly evolving industry as companies scramble to develop a foothold and meet the ever changing legal requirements for security for both growers and dispensaries. According to several published reports typical dispensaries will need to employ dozens of security cameras, motion detectors, infrared sensors, and 24/7 recording. At most dispensaries, those entering must pass through three doors, show ID and present a verified doctor's note. With the sale of medical marijuana being approved and rolled out in over 18 states and the sale of marijuana for recreational use already approved in Colorado and Washington, this industry is experiencing rapid growth. According to an April 2013 article published in the Wall Street Journal, an estimated 2,000 to 4,000 businesses produce marijuana legally under state laws.
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In each state a marijuana related company must meet strict guidelines for security and these requirements often vary. In Massachusetts, for example, according to a February 2014 article in the Boston Globe, the law requires video cameras to be installed and operating in all areas that contain marijuana: in parking lots, safes, vaults, sales areas, and in grow houses where marijuana is cultivated, harvested, processed, and dispensed. The article also cited that in recent years, robberies stretching from Colorado to California have been attributed to the flow of cash and lack of access to banks, plus the street value of stolen marijuana further emphasizing the need for security.
PetroTech Oil and Gas, Inc. (OTC: PTOG) is pleased to announce that they have set up a subsidiary company in Colorado, and Washington, to serve as the foundation for the company's entry into the emerging market for medical and recently legalized recreational marijuana in the United States. Through Legalizedpot.us, (LP.US Management Group Inc.) has been established to be the Management Company. This branch will specialize in managing the growers of legalized Marijuana and Hemp in the states where they are allowed to grow. "This management group is the first of its kind, we have three growers in Colorado and Two in Washington, that will be our first clients," said Steven Machat, the head of this new division.
Dewmar International BMC Inc. (OTC: DEWM) recently announced that in the interest of the Company's major expansion plans into the industrial hemp and medical marijuana industries, the Company has secured a co-branding and professional consulting services agreement with The Industrial Hemp and Medical Marijuana Consulting Company, Inc., a wholly-owned subsidiary of Hemp, Inc. (OTC Pink: HEMP). "Following an extensive face-to-face meeting in Las Vegas last month with Hemp, Inc. CEO, Bruce Perlowin and his advisors, both teams immediately recognized a natural synergy, and the potential to leverage each other's strengths to take full advantage of this 'once-a-quarter-century' boom that we are soon to experience within the industrial hemp and related industries," said Marco Moran, CEO of Dewmar International BMC, Inc.
Nuvilex, Inc. (OTC: NVLX) is a small biotech firm in Silver Spring, Maryland, that hopes to soon be mentioned with much larger biotechnology and pharmaceutical companies like Eli Lilly and Celgene. If the company's pancreatic cancer treatment that combines the proprietary cellulose-based live-cell encapsulation technology known as Cell-in-a-Box™ with the anti-cancer drug ifosfamide can produce the same or better data in its upcoming late-phase clinical trials in advanced, inoperable pancreatic cancer than were seen with this same combination in two earlier independent Phase II trials, then not only will it be mentioned with those larger companies, Nuvilex's treatment will likely be the new "gold standard" for the disease.
Oculus Innovative Sciences Inc. (NASDAQ: OCLS) a global healthcare company that designs, manufactures and markets prescription and non-prescription products in 31 countries, recently announced a regulatory approval in Mexico for the company's new Microcyn60(R) Oral Care family of products intended for use as an adjunct treatment in both mouth and throat infections. Bruce Thornton, executive vice president of Oculus, said: "This is an extremely exciting time for Oculus since it's the first Microcyn-based product approved anywhere in the world for the antiseptic treatment of both mouth and throat infections. The commercialization of our Microcyn Technology for this promising new indication lays the foundation for its introduction into other international markets, in particular Europe. As we did with our recent Mexican approval of Microcyn for acne, we will leverage this Mexican approval for oral care by using the approved dossier in our submission to the European notified body for CE Mark approval. This two-step approach to regulatory submissions provides us the opportunity to migrate these new products to Europe in the quickest time possible."
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