TEMPE, AZ--(NewMediaWire - Jun 29, 2015) - American Green, Inc.
(OTC PINK: ERBB) is very pleased to announce today that it
has executed an acquisition agreement with TrackX,
LLC (www.TrackX.com). TrackX, a Denver-based
company, is one of the country's leading providers of complete
Radio Frequency Identification (RFID) tracking and cloud-based
physical asset management systems. TrackX owns and maintains
process patents and services designed to cater to numerous
nationally recognized customers. American Green believes that
TrackX is positioned to be the premiere RFID-enabled asset tracking
and supply chain solutions provider globally. Currently available
market data shows that in 2014, the world RFID market was worth
$8.89 billion, up from $7.77 billion in 2013 and $6.96 billion in
2012. This includes tags, readers, and software/services for RFID
cards, labels, fobs, and all other form factors. TrackX is well
positioned to be the next-generation platform for the "Internet of
Things" that is projected to generate $14.4 trillion in value by
2022.
TrackX services many recognizable brands (please see their
website), including Fortune 100 companies, with their unique and
proprietary software applications. This investment will allow
American Green to utilize state-of-the-art tracking technology in
all States offering (or planning to offer) a legal cannabis program
with a well-established seed-to-sale tracking platform.
"Our decade-long background in technology and our unique
position in this emerging sector made this opportunity ideal for
our company," says Stephen Shearin, American Green president. "We
are eager to assist TrackX in maximizing how it serves its
impressive client list; help them deliver the business in their
equally impressive pipeline and develop new business, aided by our
extensive tracking candidates our company has already developed in
this sector. The opportunities are endless in tracking and
efficiency which is why our team spent more than 3 months pursuing
and negotiating this critical acquisition," concludes Shearin.
"We worked for years to develop and service a strong client list
and the technology that enables us to offer our unique customers
cutting-edge solutions," says TrackX CEO, Tim Harvie. "I believe we
have more than succeeded in accomplishing that goal. Now, we are
ready to bring what we have created to a larger audience. Working
with American Green will allow us to do just that. We are proud of
what we have achieved up to this point and are particularly excited
about where the union with American Green and our next-generation
RFID-enabled asset tracking technology will take us."
Be sure to visit the company's website at www.americangreen.com and sign up for the
company's emails alerts to stay current on news.
Shareholders and interest holders may also stay current with
American Green Updates:
Twitter: @American__Green (two underscores), or
Facebook: https://www.facebook.com/americangreenusa
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.
About American Green, Inc.
In 2009, American Green, Corp., became one of the first
publicly-traded technology companies in the world serving the
medical cannabis industry beginning with the introduction of the
company's proprietary ZaZZZ machine developed to automate,
age-verifying dispensing of cannabis-based medicines. Our mission
is to remain a leader within the cannabis and industrial/medicinal
hemp industry embracing innovation within all seed-to-sale sectors
by leveraging our team of professionals, as well as value-added
companies and products. American Green is actively involved in
activities that span cultivation, manufacturing and extraction,
retail, and community outreach. We are challenged by this exploding
new industry every day and strive to develop sustainable and
responsible businesses that will thrive and endure in our
constantly evolving marketplace.
About TrackX
TrackX provides enterprise asset tracking and management
solutions that improve the visibility, accuracy, control and
utilization of a company's high-value, mission-critical assets. Its
cloud-based, auto-ID-enabled solutions combine highly configurable
and patented software and implementation services with technology
hardware from leading RFID, barcode, GPS and sensor device
providers. TrackX offers its browser-based AssetTrack™ solution
that tracks IT/electronics assets, returnable shipping assets like
pallets and racks, high- value equipment and other assets across
many industries, along with its YardTM and Supply Chain Management
Suite™ applications that are designed to efficiently manage assets
in and across logistics, distribution and transportation
environments. All of TrackX's solutions are platform- and
hardware-agnostic in order to meet any business or integration
requirement. Previously known as Fluensee, TrackX was founded by
top executives from the logistics, transportation, technology and
asset tracking industries, and is headquartered in Denver's Tech
Center. For more information, visit www.TrackX.com.