SOURCE: Blue Line Protection Group

Blue Line Protection Group

May 26, 2015 09:00 ET

Blue Line Protection Group Hires Cannabis Financial Services Veteran Robin Swinney to Blue Line Advisory Services Team

DENVER, CO--(Marketwired - May 26, 2015) - Blue Line Protection Group, Inc. (OTCBB: BLPG) (OTCQB: BLPG), a leader in providing regulatory compliance, security consultation and protection services to high-value asset industries, today announced the hiring of financial services professional Robin Swinney to its Blue Line Advisory Services team. Created to respond to the licensing and bookkeeping needs of lawful marijuana businesses across the nation, Blue Line Advisory Services is a wholly-owned subsidiary of Blue Line Protection Group.

"We're pleased to have Robin bring her wealth of experience to Blue Line," said Sean Campbell, Blue Line Protection Group's Chief Executive Officer. "Not only do our clients face never-ending revisions to complicated regulations, but they have the incredible burden and time pressure of counting and re-counting cash and accounting for its movements. Robin's expertise will help ensure our clients are able to respond to all reporting requirements of state and federal licensing and regulatory agencies."

Ms. Swinney founded Park Pointe Financial Services in 2004 to respond to the needs of talented entrepreneurs with great business ideas who had no time or experience to manage the financial aspects of running their businesses. Since then, Ms. Swinney has become a respected professional in providing services specifically tailored to the lawful cannabis industry, and Park Pointe Financial has grown into a family operated business with offices in both Park City, Utah and Boulder, Colorado.

"Our Park Pointe clients will now be serviced by Blue Line Advisory Services bookkeeping professionals," said Ms. Swinney. "With Blue Line as the established authority on protection and compliance services for the marijuana industry, we can leverage that nationwide name recognition and provide our clients with industry-specific, economical bookkeeping and audit protection solutions."

"I've worked with Robin for the past five years, developing and fine-tuning systems and processes to enable these lawful businesses to operate responsibly and transparently," said Jim Marty, prominent cannabis industry CPA who sits on Blue Line Advisory Services' board of directors. "This new collaboration is a win-win for the entire marijuana industry."

"The nature and intricacies of the marijuana industry demand more precision and responsiveness," added Ms. Swinney. "Normal book keepers and their services may have been fine in a normal business setting, but Blue Line Advisory Services financial professionals are trained in the unique reporting requirements of cannabis businesses and minimize the burden of maintaining complex financial records."

Blue Line Advisory Services' team of financial and accounting professionals offer:

  • Licensing and insurance administration and compliance
  • Bank activity reconciliation
  • Daily point-of-sale system validation
  • Payables and receivables organization and resolution
  • Payroll and time sheet entry, correction and validation
  • Monthly sales tax deposits and quarterly sales tax returns and state franchise tax deposits
  • Reconciliation of checking, merchant processing accounts and company-held credit-cards
  • Bi-weekly point-of-sale reports and after-hours backups
  • Expense accounts and quarterly reports
  • Reconciliation of whole-chart accounts
  • ... and much more.

"By combining the protection and compliance services of Blue Line Protection Group with the financial expertise of the professionals at Blue Line Advisory Services," added Mr. Campbell, "we can help our clients respond to the due diligence requirements as stated in the Cole Memo, FinCEN and BSA regulations to help them form strong, trusted and lasting relationships with banks."

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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