DENVER, CO -- (Marketwired) -- 01/29/15 --Blue Line Protection Group, Inc. (OTCBB: BLPG) (OTCQB: BLPG), a leader in providing regulatory compliance, security consultation and protection services to high-value asset industries, today announced a new transportation and security contract with a cannabis cultivation facility under construction in Colorado.
The new cultivation complex, located in southern Colorado, will first consist of a 20-thousand-square-foot cannabis growing facility. Additional cultivation buildings are planned to accommodate the enormous expected demand for state-licensed, lawful cannabis products from dispensaries and infused processing facilities throughout the state.
"We're pleased to expand our southern Colorado security and transportation operations with our newest client," said Ricky G. Bennett, Blue Line's Vice President of Operations and Compliance. "As we expand our foothold across Colorado, we're better able to respond to our clients' security requirements, and we can leverage our statewide exposure through more efficient transportation strategies and more responsive response to local security needs."
Blue Line armed security personnel, consisting primarily of former law enforcement and military professionals, will provide around-the-clock armed protection services to the new grow facilities as they become staffed and operational. Initially, Blue Line expects to see nearly $190,000 in gross revenue annually from its protection services. As the cultivation campus grows in size and becomes fully operational, Blue Line expects to see up to a fivefold increase in revenue from its fully engaged security and transportation services.
In addition to providing its complete suite of security and transportation services, Blue Line will also be conducting on-site compliance audits, designed to assist banks with meeting federal requirements for marijuana-related businesses. Blue Line investigators perform state and federal compliance assessments to collect the necessary data to demonstrate its clients are operating responsible and legitimate businesses, in line with federal requirements as outlined in the Cole Memo, as well as FinCEN and BSA standards.
"Blue Line is pleased to provide vital services to the industry that can help ensure legitimacy and transparency, streamline operational procedures for these businesses, and help establish a healthy operational framework as we continue our expansion into other states," said Sean Campbell, Blue Line's Chief Executive Officer.
About Blue Line Protection Group, Inc.
Blue Line Protection Group provides secured transportation, state and federal regulatory compliance, security consultation and training, and professional protection services to high-value asset industries. The company's security operators, investigations personnel and consulting staff are highly trained professionals with significant experience in law enforcement and the United States armed forces. For more information, visit www.BlueLineProtectionGroup.com.
Safe Harbor Statement
This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact
Blue Line Protection Group, Inc.
800-844-5576
Media@BlueLineProtectionGroup.com
