SOURCE: IDS Industries, Inc.

IDS Industries, Inc.

August 11, 2014 09:00 ET

IDS Industries Changes Name to Aja Cannafacturing

Company to Provide New Technologies and Services to Cannabis and Hemp Industry

LAKE ELSINORE, CA--(Marketwired - Aug 11, 2014) - IDS Industries, Inc. (OTCQB: IDST) announced today it has changed its name and symbol to Aja Cannafacturing, Inc. (OTCQB: AJAC) in conjunction with its transition to the new business model of providing new technologies, products and services to the medical cannabis and commercialized hemp industries.

"The Hemp Industries Association (HIA) estimates the total retail value of all hemp products sold in the U.S. to be at least $581 million for 2013," says Eric Steenstra, Executive Director of the HIA.

"After months of promoting the Charge! Energy Storage line of alternative energy storage and electrical generation units within the medical cannabis and commercialized hemp space, it became apparent to the company's management to pursue equally as large opportunities for the benefit of its shareholders. Our continuing work with Kendall Smith, the originator of the name 'Aja Cannafacturing' has been integral to establishing and developing strategic relationships with innovators and businesses that have both a need for our manufacturing and engineering expertise and the desire to work with our team to create and nurture industry standards and protocols while providing its licensed unbranded quality products, services and technologies to other manufacturers within their distribution channels," said Scott Plantinga, CEO of Aja Cannafacturing, Inc. Mr. Plantinga elaborated, "We have realized over time a growing demand and need for the ethical development and manufacturing of new technologies in this marketplace. AJAC is dedicated to providing its technology, products and services in a holistic manner that embodies all that nature has to offer. With that sensibility in mind, our company bears the name of Aja, the mighty spiritual 'Orisha' that is said to have taught all herbal healers their craft."

Mr. Smith, who also coined the word "Cannafacturing" explained, "Cannafacturing is the production and processing of goods and merchandise utilizing cannabis as a base component or, the use of labor, tools, machinery, chemicals and/or biological processing that utilize the derivatives of the entire Cannabis plant." The Company's strategy is to educate and drive the industry demand to a product line utilizing more efficient and effective proprietary processing techniques, and a higher set of standards for contract manufacturing, that are distributed through a wholesale network to lead the Company's growth in the rapidly expanding Cannabinoid-based products market. Aja Cannafacturing stated its core focus is on non-psycho active constituents of Cannabinoids including CBDs, CBCs CBNs & CBGs. These types of cannabinoids can be transferred across state lines and are enjoying medicinal breakthroughs on a regular basis. Cannabinoids are growing in popularity amongst medical researchers, herbal healers and other practitioners of alternative medicine. In addition the Company highlighted the fact that most are not aware that there are more antioxidants in hemp naturally as one of the highest sources found on earth. Hence another goal of the Company is becoming a genetics program leader and experts in cannabis and hemp extraction process and technologies. Mr. Plantinga offered, "At the federal level, the 2013 Farm Bill recently signed in to law by President Obama we believe the impetus provided for the cultivation of hemp will accentuate a rush into and exponentially expand these current markets."

The Company will require an additional $2,000,000 in new funding to support its planned Cannabinoid manufacturing operations, to purchase inventory and raw materials, develop and protect its intellectual property and market and brand its new products, services and technologies over the upcoming year.

As it undertakes its planned new Cannabinoid operations, our Company will be subjected to extreme competition and in comparison will frequently have less brand name recognition, operational, personnel, and technical resources, capital financing, and cash flow. Any investment in the Company's securities may be considered volatile and speculative and carries a significant risk of loss. The Company currently is a development stage company, requires additional capital investment for operations, research, marketing and other uses, has yet to prove its new business model or provide proof of concept, and thus any investment may be considered very risky. The Company may be unable to obtain any additional capital on favorable terms or at all.

The AJAC also announced it is continuing to explore its options for its wholly owned subsidiary, Charge! Energy Storage, as previously announced in its press release on May 14, 2014. Alternatives for Charge! include having the manufacturer be sold to a new group of investors, be dividend out to current shareholders of the parent company, or be spun out as a separate business with its own source of financing. Another progress announcement will be made in several days and a final solution is anticipated over the next several weeks. The Company invites everyone to visit its new web site at www.AjaCannafacturing.com.

About Aja Cannafacturing, Inc.
Aja Cannafacturing, Inc., is a diversified holding company with internal operations that is focused on creating superior long-term returns for shareholders through a unique structure of diversified public and non-public holdings. Aja Cannafacturing is developing the holistic healing solutions of tomorrow for today. Being the leaders in cannabis extraction techniques is one of our core competencies. Extraction is more than a technology; it is a technique that is dependent on the omnipotent synergies between the antioxidant rich cannabinoids. Holistic energy has long been a dream of society. Technologies in the capture of these energies are now supported by today's advances and are becoming the interest of the masses. Chemical solutions are no longer the standard for today's and tomorrow's future.

Today, AJAC is made up of two principal subsidiaries:

Charge! Energy Storage is a designer and developer of GIIRS-rated energy storage devices for residential, commercial, and light industrial markets and products that deliver clean stationary and portable electrical energy. The Company's residential & commercial products are large scale products that have characteristics applicable to their usage. Charge! has made a broad reaching commitment to create reliable and affordable hi-tech energy storage systems for all commercial and residential applications. The Company's proprietary integrated Battery Management and Charge Controller System (BMCCS) optimizes advanced lithium chemistry functions improving battery performance and extending battery life.

Propel Management Group (PMG) provides a full range of program management, acquisition, and lifecycle support services to its customers. PMG is at the forefront of integrating acquisition, logistics, engineering, and technology disciplines into a comprehensive lifecycle management approach. PMG continually strives to improve the process of developing, procuring, and sustaining its customers' systems to achieve their overarching goals of transformation, consolidation, and efficiency. Its Direct-to-Consumer business delivers comprehensive call center and online marketing solutions to brands seeking maximum reach and return on investment (ROI).

Forward-looking & Safe Harbor Statement
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and those statements are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company cautions that these forward-looking statements are further qualified by other factors. The Company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.

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