TEMPE, AZ(Eteligis Inc.)
TEMPE, AZ, United States, via ETELIGIS INC., 09/12/2014 - -
American Green, Inc. (OTC Pink: ERBB) (PINKSHEETS: ERBB) announced
today that it has acquired the OG Tea Corporation
(https://ogtea.com) whose primary business supplies a system of
veganic products specially designed to promote the healthy growth
of general produce. The acquisition adds top and bottom line
revenues to American Green and strengthens its relationship with
entities throughout the legal cannabis industry while providing an
opportunity to sell products into the multi-billion dollar
agriculture market. After reviewing the market potential, the
company expects to increase OG Tea's revenues from over $1,000,000
for the next calendar year, based on current sales, to at least
$3,300,000 in top line revenues for American Green in the next
fourteen months with the additional sales and marketing expertise
contributed by the company.
OG Tea permeates the soil with beneficial microbes and
mycorrhiza, thus squeezing out bad bacteria, pathogens, molds, and
mildews. These microbes help break down nutrients in the soil
making them more readily available to the plants while improving
water retention and plant immunity. One of the company's most
sought-after products is its Veganic
Special Sauce(VSS) which is now registered as a
specialty fertilizer in several states, including California,
giving the company the ability to be carried on the shelves of
large-scale outlets such as Home Depot. The company has a variety
of veganic products already in use with more in testing and
production.
"For many years we have observed market forces producing an
environment that has fostered amazing innovation from
entrepreneurs, talented cultivators, and scientists alike to
develop methods for maximum yield of pure products with a minimum
of resources. From this knowledge, we are confident that
utilization of OG Tea products already proven inside the legal
cannabis market, will also have a significant impact on cultivation
outside the legal cannabis market," says Stephen Shearin, American
Green president.
"Committing to OG Tea should send a clear signal of our intent
to earn revenues while reducing the carbon footprint of food
production by enabling local farms to realize superior crops and
reinvigorate both local economies and the soil inalltypes of
cultivation," adds Shearin.
"We looked into the future and saw ourselves as part of
something larger by pairing with the right organization. By joining
OG Tea with the American Green team, we create the perfect platform
for all of us to bring unique cultivation techniques generated by
the science of the cannabis industry to big agriculture," says
Dustin Pebbles, COO at OG Tea. "We have spent countless hours
contributing to the rebuilding of the viability within the world's
food sources. Decades of using chemical-based and synthetic
nutrients on our agriculture has depleted the nutritional value and
overall health of our fruits and vegetables. We need to replenish
beneficial microbes and organic nutrients in the earth's soil which
can in turn pass those benefits on to the source of our food
supplies. We, at OG Tea, could not be more excited to have a
company like American Green sharing our vision. We look forward to
helping all sectors of agriculture with the products of OG
Tea."
"Our model is based on using advanced science to create
world-class products and at the same time create an easy to use,
affordable product that produces outstanding results," adds Jeff
Webster, founder and CEO at OG Tea. "Our products focus on
beneficial biology that works symbiotically with the plant's roots
system to produce results such as: a decrease in water usage, a
decrease in fertilizer use, an increase in yield, more
nutrient-dense results, more robust smells and flavors in fruits
and flowers, an increase in essential oils, and best of all,
sustainable and clean to the Earth. We believe what we offer scales
globally. Our goal and dream has always been to release
revolutionary products that will change the way we look at crop
production, fertilization, and pesticide use," Webster
concludes.
Details about the integration of OG Tea and Truth Lighting will
be managed as part of American Green's Jurassic Cultivation System
will be made available in the coming weeks. Be sure to visit the
company's newly designed website, www.americangreen.com and sign up
for the company's emails alerts to stay current on news.
Stay up to date with American Green Updates:
Twitter @American__Green (two underscores.):
https://twitter.com/American__Green
Facebook: https://www.facebook.com/americangreenusa
MORE ABOUT AMERICAN GREEN,
INC.
American Green became the first publicly-traded
medical marijuana dispensary brand in the world, back in 2009. The
Company now is keenly focused on developing, retailing, branding,
and establishing commercial cultivation solutions under its
proprietary American Green name along with our
partners who are licensed retail medical marijuana dispensaries.
American Green believes that the renewal of the
legalized cannabis industry in the United States will aid in
getting our economy back on its feet through increased employment
in all related sectors -- retail, real estate, contracting, farming
and more. Additional revenues, fueled by taxing cannabis sales, and
the decreased cost of housing prisoners who are no longer in prison
for possession of cannabis should contribute to the renewal. Hard
work and a clear vision propel American Green into
the future. The centerpiece of our company is
ZaZZZ, our unique automated vending solution
designed specifically around American Green's
licensed proprietary patent technology.
For a complete summary of all American Green products and
initiatives, please refer to our website's front page.
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.
CONTACT:
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
SOURCE: American Green, Inc.
Associated Documentation:
http://www.eteligis.com/ViewSubmission.aspx?submissionRequest=27762
- Link to submission on http://www.eteligis.com
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