SOURCE: Blue Line Protection Group, Inc.

Blue Line Protection Group, Inc.

July 01, 2014 10:26 ET

Blue Line Protection Group Launches Proprietary Financial Compliance Platform With First Security Bank of Nevada

DENVER, CO--(Marketwired - Jul 1, 2014) - Blue Line Protection Group, Inc. (OTCBB: BLPG) (OTCQB: BLPG), the leader in providing state regulatory compliance, financial services and asset protection to the lawful cannabis industry, announced today that the Company has entered into an arrangement with First Security Bank of Nevada to provide financial regulatory compliance services. As a result of this relationship, Blue Line will be able to facilitate certain banking services to its clients. 

Blue Line Protection Group has developed a proprietary standards and compliance platform for banks that are interested in providing services to cannabis-related businesses. Additionally, the Company has started opening accounts on behalf of its clients with Salal Credit Union in Seattle, WA and Champion Bank in Colorado. Per the arrangement, these banks will provide certain banking services to legal marijuana growers and dispensaries that meet the stringent standards of Blue Line's financial compliance and verification platform.

"Because Blue Line is already providing state regulatory compliance services to legal dispensaries and grows, I believe our financial regulatory compliance platform will enable banks to meet the stringent federal banking compliance guidelines," commented Dan Sullivan, Blue Line Protection Group's VP of Sales and Training.

CEO Sean Campbell added, "This is a significant day for the Company and the cannabis industry as a whole as our platform has the potential to open the door for financial institutions to bank legal businesses engaged in the marijuana industry."

About Blue Line Protection Group, Inc.

Blue Line Protection Group provides state regulatory compliance, financial services and asset protection for businesses engaged in the legal cannabis industry. The company's security personnel are highly trained professionals with significant experience in the U.S. Armed Forces, Special Forces, and law enforcement. Blue Line provides top-tier asset protection from "seed-to-sale," currently serving marijuana dispensaries in Colorado, with operations in Washington and Nevada. 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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