LOS ANGELES, Feb. 12, 2014 /PRNewswire/ -- Primco
Management Inc. (OTCQB: PMCM), a fully integrated multi-media
entertainment and real estate development company, is pleased to
announce that it plans to acquire properties, which it will lease
to licensed retailers and manufacturers of medical marijuana.
The Company plans to initially acquire property in the greater
Los Angeles area with subsequent
plans to extend its operations to Western States where medical
marijuana is permitted by state law. The leased facilities will
meet all zoning and licensing requirements for the ongoing, legal
dispensing of medical cannabis. Primco will not engage in the
cultivation or sale of medical cannabis or any of its
byproducts.
"We are extremely excited about the new direction of our
property management division," stated David Michery,
CEO. "Today's political environment regarding the legalized
production of medical cannabis is the solution not only for
patients in need of the medicinal benefits of marijuana but also in
helping to keep the illegal dealing of marijuana off the streets.
The economic dynamics are perfectly aligned to make this business
opportunity a great success for us."
About Primco Management Inc.:
Through its wholly-owned subsidiaries, ESMG Inc., Top Sail
Productions and D & B Music, Inc., the Company operates as an
integrated entertainment company with divisions in music and film
production and distribution. Primco also operates in various
aspects of the real estate industry. (For additional information,
visit www.primcousa.com).
Disclaimer: The Company relies upon the Safe Harbor Laws of
1933, 1934 and 1995 for all public news releases. Statements, which
are not historical facts, are forward-looking statements. The
company, through its management, makes forward-looking public
statements concerning its expected future operations, performance
and other developments. Such forward-looking statements are
necessarily estimates reflecting the company's best judgment based
upon current information and involve a number of risks and
uncertainties, and there can be no assurance that other factors
will not affect the accuracy of such forward-looking statements. It
is impossible to identify all such factors. Factors which could
cause actual results to differ materially from those estimated by
the company include, but are not limited to, government regulation;
managing and maintaining growth; the effect of adverse publicity;
litigation; competition; and other factors which may be identified
from time to time in the company's public announcements.
Contact:
Alan Bailey - CFO
Primco Management/ESMG, Inc. & Top Sail Productions.
Office: (310) 407-5452
SOURCE Primco Management Inc.