SOURCE: Blue Diamond Ventures, Inc.

Blue Diamond Ventures, Inc.

May 21, 2015 09:45 ET

Blue Diamond Ventures, Inc. (BLDV) Updates Shareholders on Its Progress in Reorganizing

HOUSTON, TX--(Marketwired - May 21, 2015) - Blue Diamond Ventures, Inc. (OTC: BLDV) doing business as Green Growth Holdings Inc. today provides updates to shareholders about its progress in reorganizing the company.

On May 7, 2015, the company completed in the State of Nevada a successful merger whereas Green Growth Holdings, Inc. became the surviving entity in the transaction. Since the completion of this action, the company today filed a yearly report with OTC Markets in its efforts to become current in its reporting obligations.

The company has entered into a Memorandum of Understanding with Clean 1st LLC to be acquired as a wholly owned subsidiary. Further details will be announced soon. Clean 1st LLC produces, markets, and distributes an antimicrobial liquid solution entitled Cannabis Clean that is a complete grow room cleaning system. You can learn more about this great product by visiting http://cannabis-clean.com.

Our wholly owned subsidiary "Kickin' Grass LLP" which operates as a holding company buying, selling and leasing commercial real estate in Utah to agricultural-related companies, currently owns and leases a 13,000 (thirteen thousand) square foot commercial warehouse building in Springville, Utah 84663.

At present the company is in negotiations to acquire two Canadian companies; an established Hemp Cultivator seeking to expand its operations and a Cannabis Cultivator who is fully expecting to be approved within the next two months by Health Canada and should be revenue producing by late 2015/early 2016.

In addition to our targeted companies to become wholly owned subsidiaries, the company is also close to finalizing sales/licensing/distribution agreements with several companies that offer products and services to include; Indoor Cultivation Supplies for both Cannabis and Traditional Food Crops to include customized growing racking and irrigation systems; Next Generation WIFI control systems for indoor cultivation that monitors and automatically controls air flow - temperature - humidity levels and irrigation; Modified and customized shipping containers for use as Grow Rooms; Producer of High Efficiency/Low Heat Grow Lighting Systems.

The company has other products in the pipe line that are in early stages of discussions to include HEMP Infused Alcohol Beverages that will be imported from Canada and distributed through a strategic partner that is a licensed Beverage Alcohol Importer/Distributor located in Metro New York that has current distribution channels in place from Delaware to Maine with the abilities to expand these channels across the continental US.

In order to service and perform on the company's sales/licensing/distribution, agreements the company has formed internal sales marketing division named NOW BRANDS. This division has been created to manage sales of products secured via the companies contractual agreements and will also seek to private label products to be sold under the NOW BRAND Label.

The company has submitted to OTC Markets its year end filing and is preparing to submit its 1st quarter filing next week. With the latter filing being submitted and reviewed by OTC Markets, the company fully expects to be re-instated to OTC MARKETS Pink Current Information Status. Once re-instated, the company's Transfer Agent will contact broker/dealers and inform them of the improved status back to current which should remove any limitations that certain broker/dealers may have imposed on BLDV stock being traded.

As indicated in its current filing, the company is prepared to take additional actions by filing with the Financial Industry Regulatory Authority (FINRA) a 10B-17 Related Corporate Action Notification form. This filing will effectuate the following; name, symbol and CUSIP number change. In addition the company's board of directors has approved a small reverse split of 1-7 of its common stock thus reducing the outstanding share count from 4,700,585,689 to 671,512,242. The company also will lower its Authorized Shares from 7,000,000,000 to 999,000,000. The company will file with the State of Nevada this day its certificate of change form as required under Nevada Corporate Law.

The management of Green Growth Holdings, Inc. after careful consideration and much deliberation deemed these changes necessary for the company to operate successfully in enacting its business plan of attracting quality Acquisitions, Joint Ventures and Partnerships to build its "Ecosystem" operational methodology.

The company will provide additional updates as warranted to further confirm the current progress in the near future.

About Us:

Green Growth Holdings Inc. seeks to create value and inspire optimism by partnering with industry specific companies that share our vision of Green Growth. We value time and skills. Our overall objective is to focus on activities that provide comprehensive consultation resulting in positive growth for our company and our partners.

Safe Harbor:

This press release contains forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such statements. Forward-looking statements speak only as of the date made and are not guarantees of future performance. We undertake no obligation to publicly revise any forward-looking statements.

Contact Information

  • Contact:

    Blue Diamond Ventures DBA Green Growth Holdings, Inc.
    Cleve Tsai
    (972) 665-9822