SOURCE: The Amergence Group

The Amergence Group

November 16, 2010 09:15 ET

Amergence Group Subsidiary, Altitude Organic Licensing Corporation, Announces Planned Move Into Arizona After Passage of Prop 203 -- Legalization of Medical Marijuana

PHOENIX, AZ and DENVER, CO--(Marketwire - November 16, 2010) -  The Amergence Group (PINKSHEETS: AMNG), a company that focuses on developing, nurturing, and rapidly expanding selected emerging or disruptive companies across a wide range of industries and disciplines, announced today that its subsidiary, Altitude Organic Licensing Corporation (AO), plans to immediately target expansion into Arizona.  Eleven days after the midterm election and after all of the absentee ballots were counted, Arizona's medical marijuana measure, known as Prop 203, has officially passed by a margin of over 4,300 votes. 

The Amergence Group's Phoenix headquarters and significant the company's local relationships make expanding the Altitude Organic Medicine dispensary chain an ideal opportunity in Arizona. Altitude Organic™ is now prepared to move forward with its planned new facilities in Phoenix so it can support the effort to provide therapeutic cannabis for qualified medical patients in need. Altitude Organic Licensing Corporation plans to execute its turn-key licensing expansion system in Arizona, which has been successfully developed in Colorado and California thus far. The company's proprietary licensing system is the first of its kind in the medical marijuana industry and is designed to navigate the variances in regulations from state to state.

AO President Brian Cook added, "We are very excited the late vote count went in our favor! Arizona will become the second state -- Colorado being the first -- to provide a rational set of rules for acquiring state licenses for approved dispensaries. The Arizona process should look a lot like the Colorado process, where we were able to open four medical marijuana centers currently in business. Arizona is limiting state licenses issued to 120, so we will be moving fast, deploying through local contacts while we seek approval for up to 3 stores."

Arizona will also provide an excellent platform for the launching of the National Medical Marijuana Association "I'm a Patient" TV commercial campaign. The TV commercial was very beneficial in Colorado presenting the industry in a palliative manner to voters of all walks of life and view point.

The NMMA's "I'm a Patient" T.V. commercial can be viewed here: http://www.youtube.com/watch?v=hXQMsPlKJcc

To learn more about the National Medical Marijuana Association visit: http://nationalmedicalmarijuanaassociation.org/ 

In other Amergence news, it was announced today that for administrative reasons, the record date for AMNG shareholders to qualify for the forthcoming earned PanPacific International share dividend has changed from December 1, 2010 to December 31, 2010.

ABOUT THE AMERGENCE GROUP

The Amergence Group's (PINKSHEETS: AMNG) provides valuable advice and support to new businesses with its goal of accelerating their intended plans to introduce edgy, disruptive, and/or innovative technologies to the world market. The Company's 8-year-old Tranzbyte division continues to focus on the development and marketing of its innovative group of optical media enhancement technologies worldwide such as FLASHAlbum, a technology which enables distributors of optic disc media (CDs and DVDs) to combine the best features of both on one USB flash drive.

ABOUT ALTITUDE ORGANIC LICENSING CORPORATION

Altitude Organic Licensing Corporation was founded in Denver during the medical marijuana industry "fever" of early 2010. AO Licensing Corp. generates revenue in the fastest growing industry in the United States without carrying the liability of growing and selling marijuana. The company generates revenue by licensing its Altitude Organic Federal Trademark to dispensaries. The company also owns the National Medical Marijuana Association and offers medical cannabis advocacy and consulting services to its licensed dispensaries. The corporate website can be found at: www.AltitudeOrganicMedicine.com.

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 Information

  • Company and Contact:
    Peter H. Jacobs
    Managing Director
    md@amergencegroup.com
    14220 N. Northsight Blvd., Suite 139
    Scottsdale, AZ 85260
    (480) 443-1600

    Company and Contact:
    Brian Cook
    President
    info@altitudeorganicmedicine.com
    1716 Boulder St.
    Denver, CO. 80211
    (720) 855-6337