SOURCE: Blue Line Protection Group

Blue Line Protection Group

March 01, 2016 08:00 ET

Blue Line Protection Group and Amercanex Streamline Wholesale Transactions for Colorado's Legal Cannabis Industry

DENVER, CO--(Marketwired - Mar 1, 2016) - Blue Line Protection Group, Inc. (OTCBB: BLPG) (OTCQB: BLPG), a leader in providing armed protection, regulatory compliance and secured transportation services to high-value asset industries, today announced its new strategic alliance with Amercanex, the American Cannabis Exchange, to provide secure cash processing and transportation services to Amercanex's ACE Marketplace transacting members.

"This new relationship is the product of many months of work between Blue Line Protection Group and Amercanex," said Daniel Allen, Blue Line's chief executive officer. "Now, Amercanex ACE Marketplace transacting members can engage in fully compliant transactions of lawful marijuana products, and we can provide the safe and secure product and currency transportation to minimize the risks associated with moving large amounts of currency from buyer to seller."

The legal cannabis industry still relies primarily on cash transactions. However, the presence of cash brings an increased likelihood of criminal threats directed towards dispensaries and wholesale cultivators who keep large amounts of currency on-site to enable them to engage in legal cannabis transactions. Amercanex's ACE Marketplace streamlines and economizes wholesale transactions of legal marijuana products, while Blue Line provides the logistical infrastructure to provide secure cash and product transportation.

"Our partnership with Blue Line gives our transacting members yet another edge in the cannabis industry," said Steve Janjic, Amercanex CEO. "We created this alliance in response to the need for a secure method of transporting cash and product as well as another payment method removing credit risk associated with sourcing inventory on the ACE Marketplace. As the nation's premier cash-based security and protection agency in the cannabis industry, Blue Line gives growers and dispensaries additional peace of mind while conducting business on our electronic marketplace."

"This solution is perfect for dispensary managers who want to engage in more cost efficient wholesale transactions, but who do not feel comfortable keeping large amounts of cash on-hand to facilitate those purchases," said Ricky Bennett, Blue Line's vice president of operations and compliance. "Now, dispensary owners can rely on Blue Line for secure off-site cash storage and secure product transportation. Less cash stored on-site at a dispensary makes that business, as well as the staff and customers inside, less attractive to criminals."

"With our new 12,000-square-foot Denver headquarters opening soon, not only will we have all of our operations consolidated into a single, secured and protected location, but we'll have a central hub for our transportation fleet to accommodate all of our clients' transactions," said Mr. Allen. "From our new centralized location, we'll be able to offer our full suite of services to our clients, our valued business partners across the nation, and our banking partners right here in Colorado who've been looking for a secure off-site facility that can accommodate cash processing."

About Blue Line Protection Group, Inc.

Blue Line Protection Group provides armed protection, professional compliance and investigative services, and secure transportation services to individuals, businesses and government entities who need to protect their licenses and business investments or who require professional protection services for their employees, clients and physical assets. The company's security operators, investigations personnel and consulting staff are trained professionals with significant experience in law enforcement and the United States armed forces. For more information, visit www.BlueLineProtectionGroup.com.

About Amercanex

Amercanex is the cannabis industry's first fully electronic marketplace. Its comprehensive suite of tools for cultivators, dispensaries, manufacturers, vendors and regulators helps create a neutral, transparent and non-manipulated arena for cannabis market participants and government regulators. The ACE Marketplace offers greater control of the buy/sell process, enabling better pricing, full regulatory reporting and lower costs. To learn more about Amercanex, please visit www.amercanex.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.

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