DENVER, CO--(Marketwired - Sep 3, 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 the Company has entered into a new security and compliance contract with a marijuana dispensary in Denver, Colorado that has one retail location and two grow operations.
According to the contract, Blue Line will provide armored transportation and monthly compliance services for its new client to assure compliance with federal guidelines and FinCEN regulations that will help mitigate their risks to banks and other financial institutions. The Company will provide its new client with a comprehensive assessment report of its operations and financial records that it can provide to banks and financial institutions on a monthly basis to maximize its chances of receiving approval to open an account.
Additionally, its new client has purchased a high-security cash-counting currency safe from Blue Line which allows retail clients to quickly secure cash and dramatically reduce both internal and external theft by eliminating touch points while optimizing armored transport visits. The dispensary has also agreed to lease the Company's cash-counting software for the duration of the contract.
"We are pleased to welcome our newest client that will utilize Blue Line's unique regulatory compliance services in addition to armored transportation. Our compliance package provides tremendous value to legal cannabis dispensaries and grow operations by significantly increasing their chances of establishing relationships with legitimate banks and financial service providers," commented Blue Line's CEO, Sean Campbell.
"We expect our compliance services to become a key part of Blue Line's growth in addition to our security and transportation services as they demonstrate our Company's continued progress in creating a legitimate, sustainable lawful marijuana industry," added Mr. Campbell.
About Blue Line Protection Group, Inc.
Blue Line Protection Group provides 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.