PAO Group Proudly Announces
New MJ Entity Acquisition
SANDUSKY, OH -- January 10,
2019 --
InvestorsHub NewsWire -- PAO Group, Inc. (PAOG),
a
physicians
practice
management company, focused on the proper use of cannabis for
treatment of chronic pain, opioid addictions, and terminal
patients, is pleased to announce that it has completed the process
of transferring all existing corporate assets to Rising
Biosciences, Inc. (RBII).
Simultaneous with the
transfer of all old assets to Rising Biosciences, PAO Group has
acquired RSB Management Inc., a business management company in the
cannabis sector. The definitive acquisition agreement between PAO
Group and RSB Management has been executed by all necessary parties
and the Company is proud to report that the acquisition was closed
on December 31st, 2018.
PAOG is now in the process of
posting its financial statements with OTC Markets in order to
achieve current status. Upon completion of this process interim CEO
Arthur Hall will be stepping down and new management changes will
take effect.
Outgoing PAOG Interim CEO
Arthur Hall stated: "This new acquisition will become the new PAOG.
The outgoing executive team is fulfilling our stated commitment to
shareholders by adding an entity of immense value that is in line
with PAOG's historic philosophy, mission, and industry sector. I am
very proud to hand the baton to the experienced and successful
leadership of RSB Management and believe that there will be future
synergies between the incoming company and Rising Biosciences, Inc.
It is now my pleasure to introduce our valued investors to the
superstar team that is RSB Management."
Incoming PAOG CEO Karl Riedel
was employed most recently as Executive Vice President of Marketing
for VMR Products LLC, the largest online vendor of electronic
cigarettes and vapor devices. He was with the company for 8+ years
and helped carry VMR through a recent acquisition by JUUL Labs,
Inc. for $75M (https://vaping360.com/vape-news/72683/why-did-juul-buy-v2-and-vmr-products/).
As Executive VP, he was responsible for overseeing online marketing
initiatives, E-Commerce sales & promotions, Merchandising both
domestically and internationally, Press and Media relations, Search
Engine Optimization (SEO), Social Media influencers and engagement,
and Affiliate Marketing initiatives. He built the largest affiliate
program in the vapor industry the V2 Profit Affiliate Network with
9000+ affiliates worldwide generating traffic and sales to VMR's
e-commerce websites.
With 14+ years experience
across a diverse
array of technical fields including Content Management, IT and
software implementation, and Affiliate Marketing, Karl leveraged a
diverse, multi-platform marketing strategy across VMR's brands. He
has held a variety of positions in the new media and technology
industries; most recently management positions in two of the
portfolio companies of Verleur Capital Ventures, LLC. Karl
possesses a Bachelors of Arts from Miami University (Oxford, OH)
where he graduated with Honors in Psychology, and he attended law
school at University of Miami (FL).
Karl has been interviewed by
magazines like Forbes and the MJ Business Journal. The articles
below represent an assortment of places where Karl has been quoted
while serving as Executive VP for VMR:
Incoming CFO Tom Sawyer
boasts not only an Accounting Degree from Henry Ford College, but
he is also a Master Grower who has been a member of the Michigan
medical marihuana* program since its inception (circa 2008). With
10+ years in the cannabis industry, he is well-versed in standard
business practices within the state of Michigan. Tom previously
worked at an accounting firm under a financial advisor with a $27M
portfolio, and he managed payroll and bookkeeping for approximately
30 companies and 100+ employees. Tom's diverse and unique mix of
skills give PAO Group an added advantage by having an accounting
professional with real world cannabis experience to manage the
daily operations of cultivation and processing. His background in
both financial and managerial accounting ensures shareholders are
provided with up-to-date and accurate business metrics data at all
times.
Incoming COO Patrick
Blasko
is a proven
Entrepreneur versed in both business management and start-up
experience, with 12+ years' experience in B2C retail. Patrick's
vast knowledge pertaining to the wholesale and retail side of the
industry allowed him to grow and expand his current business to
multiple brick-and-mortar locations. Understanding profit and
growth challenges along with inventory management skills, Patrick
will be the key component to establishing and growing vendor
relations. He has forged solid business relationships with
distributors, shops and dispensaries which gives PAOG a serious advantage with
sourced product, particularly during periods of rapid growth or
business transformation when execution risks are high.
Incoming PAOG CEO Karl Riedel
enthusiastically commented: "After my experience with VMR, I
decided that I wanted to do something
bigger. I am passionate about the cannabis industry and am
confident that we can build a powerhouse brand in the Michigan
market through a coordinated effort of delivering high quality
products, combined with effective branding and targeted marketing.
We have assembled a team of dedicated, hard-working, and skilled
professionals with a unique array of talents to drive these
initiatives. With the recent legalization of recreational
marijuana, and transition to licensed-only grow operations and
processing facilities within the state, the market is prime for
entry. We already have the infrastructure and relationships in
place to be strategically positioned in the Michigan cannabis
market. My goal for PAOG is to be the dominant player in Michigan
regarding the cultivation, processing, and transportation of
medical and recreational marijuana. We are hitting the ground
running in 2019. I'm very excited to begin telling investors about
our plans to achieve these objectives. My long term vision for PAOG
is to continue to drive this business growth, as well as focus on
expansion to other markets."
*NOTE: marihuana is
specifically spelled this way in Michigan Law.
Visit our website at:
www.PAO.Group Contact us: info@pao.group or 1-888-PAO-Group
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Forward-Looking
Statements: Certain statements in this
news release may contain forward-looking information within the
meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6
under the Securities Exchange Act of 1934, and are subject to the
safe harbor created by those rules. All statements, other than
statements of fact, included in this release, including, without
limitation, statements regarding potential future plans and
objectives of the company, are forward-looking statements that
involve risks and uncertainties. There can be no assurance that
such statements will prove to be accurate and
actual results and future events could differ materially from those
anticipated in such statements. Technical complications, which may
arise, could prevent the prompt implementation of any strategically
significant plan(s) outlined above. The Company undertakes no duty
to revise or update any forward-looking statements to reflect
events or circumstances after the date of this release.
CONTACT
INFORMATION
Contact us:
info@pao.group
1-888-PAO-Group