SOURCE: Blue Line Protection Group

Blue Line Protection Group

May 24, 2016 13:33 ET

Blue Line Protection Group Extends Its Financial Compliance Platform

Achieves Integrated Software Vendor (ISV) Status With Hypur, Inc.

DENVER, CO--(Marketwired - May 24, 2016) -  Blue Line Protection Group, Inc. (OTCQB: BLPG), a leading security, transportation and risk mitigation solutions provider for financial institutions servicing the legal cannabis industry, today announced that the Company has become certified as an integrated software vendor (ISV) of Hypur Inc. ("Hypur").

Hypur, an Arizona-based software development company, provides software product solutions to financial institutions that extend the reach of their core banking systems and enable them to meet the enhanced requirements of banking cash-intensive businesses. Hypur's technology solutions include compliance tools for financial institutions and a secure mobile transaction platform for merchants and consumers.

Blue Line provides financial institutions with on-site compliance investigations of legal marijuana businesses, helping banks and credit unions comply with their "know your customer" requirements. Blue Line's independent, third-party assessment verification helps reduce business transactional fraud and risks to financial institutions offering banking services. Blue Line submitted its mobile tablet-based compliance investigations platform to Hypur for ISV certification.

As a Hypur ISV, Blue Line anticipates accelerated growth across its suite of compliance investigations services, with increased penetration into financial institutions seeking streamlined verification assessments integrated with Hypur's "fintech" infrastructure. 

Daniel Allen, CEO of Blue Line, stated, "We're pleased to become a part of Hypur's compliance and transaction network. Our integration with Hypur will help us tap into new revenue channels nationwide, and together we're building the foundation to enable cash-intensive businesses to have access to the transparent and legitimate banking services they need."

"Hypur empowers commerce in underserved markets by enabling legitimate banking and financial services to compliant and transparent businesses," said Hypur CEO Christopher E. Galvin. "The availability of banking for cash-intensive businesses improves the safety and soundness of our banking system and makes our communities safer."

For more information on Blue Line's compliance services, call 800-844-5576, or email Blue Line's Licensing Services Division at Compliance@BlueLineProtectionGroup.com

For more information on Hypur's banking technology services, visit www.Hypur.com.

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.

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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