TEMPE, AZ--(NewMediaWire - Aug 7, 2015) - American Green, Inc. (OTC
PINK: ERBB) -- The dispensary rollout that American Green
implemented last year has not achieved a sustainable level of
sales. In response, the company has substantially altered its
machine's design and marketing plan intended to bolster revenues
for both the company's deployed and future machines in the shortest
possible time.
The time spent as one of America's only companies in the
cannabis vending sector has been invaluable. Historically,
companies deploying vending machines assumed the responsibilities
of stocking, collection, and maintenance of those units. Due to
regulation in the cannabis sector, these responsibilities defaulted
to the dispensary owners. Despite the company's best support
efforts, a busy dispensary cannot devote the manpower required to
configure and maintain the ZaZZZ unit on an ongoing basis.
As a result of the new model a significant reduction in monthly
overhead has been achieved. Internal resources are no longer
required to maintain inventory levels and network connectivity at
all machine locations. As with the traditional vending model,
American Green affiliate employees, not dispensaries, will stock
machines with high quality American Green-branded products
available only when purchased from the ZaZZZ machine.
In related news, while the company recognizes the importance of
maintaining an online presence with social media, we are convinced,
at this time, that it is not a significant revenue-generating
factor. In furthering our efforts to consolidate operations
and reduce monthly overhead, all corporate communications will be
now be handled internally by American Green's Media Director.
"Navigating the entire cannabis sector has been extremely
challenging due to the amount of uncertainty that remains until the
federal government makes the decision to support the industry and
regulatory issues are better understood. While this sorts
itself out, challenges will be inevitable and when they happen it
becomes necessary, from time to time, to take a couple steps back
to find the best route forward. The question isn't
whether or not there will be challenges; it's whether or not we can
meet those challenges and remain a market leader a year or two from
now. That's a bet I believe we can make and win," stated Steph
Shearin, American Green's president.
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
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Twitter: @American__Green (two underscores), or
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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, Corp.
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.