SOURCE: Blue Line Protection Group

Blue Line Protection Group

December 04, 2014 10:50 ET

Blue Line Protection Group to Secure Cannabis Cultivation Campus for Agritek Holdings

DENVER, CO--(Marketwired - Dec 4, 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 a new security contract with Agritek Holdings, Inc. and its new cannabis cultivation campus under development near Pueblo, Colorado.

"We're excited to begin operations with Agritek Holdings," said Sean Campbell, Blue Line's Chief Executive Officer. "This new contract secures Blue Line as the premier transportation and security provider for the lawful cannabis industry and further consolidates our position of dominance in Colorado."

Agritek Holdings, Inc., a leader in Compassionate Care Technology and indoor/outdoor agricultural solutions for the medicinal marijuana industry, is building the campus and will lease space to licensed tenants operating in the lawful cannabis industry. Blue Line will provide armed protection staff to secure the campus during the construction phase and when the campus is fully leased and operational. The first phase of the campus facility is expected to be completed around March 2015.

"We are extremely pleased to work with the experienced and respected team at Blue Line Protection and have them as a partner in our Colorado facility," said B. Michael Friedman, CEO of Agritek Holdings, Inc. "Most of the staff we are employing through Blue Line are military, law enforcement and special forces veterans that are trained professionals in all matters of security for these type of operations."

According to the terms of the lease agreements, all tenants of the campus will be required to use Blue Line to transport all lawful cannabis products from their individual grow locations to the central campus warehouse or to dispensaries throughout Colorado. In addition, Blue Line will act as a security consultant for Agritek Holdings, providing expertise and recommendations related to perimeter security and fencing, surveillance cameras and monitoring services. Blue Line will also act as a consultant to Agritek as part of its compliance program to introduce potential banking services to various businesses in the industry.

"This first 12 month contract with Agritek will provide significant recurring annual revenue for Blue Line," said Dan Sullivan, Blue Line's Vice President of Sales and Training. "We're expecting approximately $570,000 in gross revenue annually just from our guard services once the facility is fully operational. Our transportation services for the campus tenants will bring in around another $400,000 with a fully-leased campus. In addition, our electronic security and compliance consulting services to Agritek and the campus tenants will potentially introduce other significant revenue streams."

"As the Colorado lawful cannabis industry continues this massive expansion in southern Colorado," added Mr. Campbell, "Blue Line is pleased to provide vital services to the industry that can help ensure legitimacy and transparency, streamline operational procedures for these businesses, and help establish a healthy operational framework as we continue our expansion into other states."

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.

About Agritek Holdings, Inc.
Agritek Holdings, Inc. (www.AgritekHoldings.com), a fully reporting Company and pioneer within the medicinal marijuana space provides innovative patient and agricultural solutions seeks to be the leader in Compassionate Care Technology for the medicinal marijuana industry. Agritek Holdings provides real estate management and health and wellness product lines including through its wholly owned subsidiary.

Agritek Holdings Inc. does not directly grow, harvest, or distribute or sell cannabis or any substances that violate United States law or the Controlled Substances Act, nor does it intend to do so in the future.

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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