SOURCE: Blue Line Protection Group

Blue Line Protection Group

October 14, 2014 11:38 ET

Blue Line Protection Group CEO Reveals Federal Banking Compliance Efforts to The Stock Radio

DENVER, CO--(Marketwired - Oct 14, 2014) - Blue Line Protection Group, Inc. "Blue Line" (OTCBB: BLPG) (OTCQB: BLPG), a leader in providing regulatory compliance, security consultation and protection services to high-value asset industries, today announced that the company's Chief Executive Officer, Sean Campbell, was recently interviewed by The Stock Radio regarding federal compliance mandates and risk mitigation for banks.

Blue Line Protection Group has experienced enormous growth providing security and transportation services to businesses involved in the recreational and medical marijuana industries. "Although (Blue Line) grows largely by the number of dispensaries and the number of grows we're looking after," said Mr. Campbell in The Stock Radio interview, "going forward, the compliance piece of our business is becoming increasingly important. To get banking is very difficult for these businesses; as a result, they have large amounts of cash that they cannot use and cannot really even store."

The Stock Radio (www.thestockradio.com) provides small-cap and OTC stock companies the ability to maintain a branded web-presence and highlight their information to potential investors through audio interviews and in-depth company profile articles. To listen to the rest of Mr. Campbell's interview, go to: http://thestockradio.com/wp-content/uploads/2014/09/BLPG.mp3.

Mr. Campbell spoke of the problems banks face in complying with the federal mandates related to the marijuana industry. "The problem is that 99.9% of these banks cannot possibly meet the requirements on their own," said Mr. Campbell. "So it serves us very well that we are vertically integrated, so we have the guard at the door checking the ages, we have the transportation so we're weighing the product as it comes in. We're transporting the revenue from these various dispensaries so we know what the sales are."

Blue Line investigators are able to provide the chain-of-custody compliance measures related to proceeds from lawful cannabis dispensaries. "On most occasions, we're taking that same cash to the tax people to pay their taxes so we know that we can reconcile the sales with the taxes," said Mr. Campbell. "Therefore, there's no criminal enterprise going on underneath and the bank can be more certain that these enterprises are meeting the federal requirements."

Mr. Campbell spoke of how Blue Line assists new dispensaries and cultivation facilities acquire their cannabis licenses in states new to the marijuana industry. "We want to expand going forward into each of the states as they legalize cannabis. (Local dispensaries) need to be able to get their licenses. It helps them to get their licenses if they're using the right guards and the right transportation company. When I say right, I mean the one with the best and the biggest reputation. We think we have both."

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.

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