American Green Set to Acquire Rights to Important Intellectual Property for Its Marijuana Vending System
August 07 2014 - 2:12PM
eTeligis
TEMPE, AZ(ETELIGIS INC.)
TEMPE, AZ, United States, via ETELIGIS INC., 08/07/2014 - -
American Green (OTC Pink: ERBB) (PINKSHEETS: ERBB)
has made a move toward securing and expanding its business model
regarding age-related purchases via any automated device.The
company has entered into an agreement with Robert Tomassi, owner of
intellectual property (IP) that pre-dates, and may supersede
patents owned by competing companies operating in a similar market
space. Mr. Tomassi's patents, numbered 6,711,465 and 7,493,190 were
produced for the purpose of safely vending age-controlled,
identity-specific items, all of which fits directly into American
Green's business plan.
While working in a family-related deli 14 years ago, Mr. Tomassi
noted the easy access by minors of some controlled substances and
was motivated to work on what became his accepted patent in this
space. "It seemed like a good idea at the time, though most people
thought I was a little crazy. As the market for safe access to
controlled substances has increased, perhaps it was just an idea
ahead of its time," says Tomassi of Levittown, PA.
"We are very excited about the opportunities that have been
created with our expanding library of intellectual property. This
new IP helps us to create a clear path to development upgrades and
will ensure the safest, most protected methods are employed. This
intellectual property acquisition will also open new, potentially
larger opportunities ranging from segment expansion to licensing
agreements with collaborators and competitors alike," added Stephen
Shearin, American Green president.
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ABOUT AMERICAN GREEN, INC.
American Green, formally Altitude Organix, became the first
publicly-traded medical marijuana dispensary brand in the world.
Beginning in 2009, the company has developed retailing, branding,
and commercial cultivating strategies in conjunction with its
licensed medical marijuana retail dispensaries operating under the
Altitude Organic Medicine brand name.While the Company is no longer
associated with the Altitude Organic Medicine outlets in Colorado
and has replaced the Altitude Organix brand with American Green, it
has spent the past 18 months developing an "automated dispensary"
that will offer the company's proprietary products to qualified
adults in the US and around the world under its "ZaZZZ" brand.
ABOUT TRANZBYTE
Tranzbyte, now a wholly-owned subsidiary of American Green, will
continue its plan to acquire, hold, or spin out successful
divisions in what has been described in previous news releases as
"dividend farming," Companies that qualify and decide to become
public on their own will agree to carve out shares for Tranzbyte
and dividends for ERBB shareholders.
Tranzbyte also houses the company's 10-year-old technology
division which is actively engaged in the sale of its optical media
enhancement products to potential customers in the US and Asia.
Products in the Tranzbyte division include FLASHAlbum and FlixStix
-- technologies that the company plans to be incorporated into the
Company's ZaZZZ Machine while enabling distributors of optical
media (CDs, DVDs, etc.) to consolidate the best features of each
medium onto a single content-protected USB flash drive.
ABOUT PROXIMARF AND APPLIED RFID
Founded in 2006, Applied RFID and its operating subsidiaries
(www.proximarf.com), have a versatile and leading-edge portfolio of
RFID reader, sensor tag and data logging products based on the ISO
15693 standard of high frequency (13.56Mhz) RFID.
Once the acquisition agreement with Tranzbyte is finalized
(Q2/14), the company has plans to increase its network of global
distributors and value-added resellers with plans to incorporate
the technology as a tracking system for legal marijuana
movements.With its "Proxima RF" line of RFID readers, sensor tags,
sensor probes and data logging products, the Company seeks out
opportunities with partners who have a unique software offering
within market verticals where the implementation of secure data
collection and temperature sensing bring real and immediate ROI to
users. These key markets include: food safety, cold chain logistics
and healthcare/pharmaceutical as well as factory and field
maintenance applications.
NOTES ABOUT FORWARD-LOOKING STATEMENTS
Except for any historical information contained herein, the
matters discussed in this press release contain forward-looking
statements that involve risks and uncertainties, including those
described in the Company's Securities and Exchange Commission
reports and filings. Certain statements contained in this release
that are not historical facts constitute forward-looking
statements, within the meaning of the Private Securities Litigation
Reform Act of 1995, and are intended to be covered by the safe
harbors created by that Act. Reliance should not be placed on
forward-looking statements because they involve unknown risks,
uncertainties and other factors which may cause actual results,
performance or achievements to differ materially from those
expressed or implied. Forward-looking statements may be identified
by words such as estimates, anticipates, projects, plans, expects,
intends, believes, should and similar expressions and by the
context in which they are used. Such statements are based upon
current expectations of the Company and speak only as of the date
made. The Company undertakes no obligation to update any
forward-looking statements to reflect events or circumstances after
the date on which they are made.
Companies and Contacts:
American Green, Inc.
Mr. Stephen Shearin
President
1221 W Warner Rd Suite 103
Tempe, AZ 85284
480-443-1600
stephen@americangreen.com
http://www.americangreen.com
Tranzbyte Corporation - Hong
Kong
Mr. John Martin
Managing Director
Rm 802, 8/F, Kai Tak Commercial Building
317-319 Des Voeux Road Central,
Hong Kong (SAR)
SOURCE: American Green, Inc.
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