LAS VEGAS, Aug. 29, 2014 (GLOBE NEWSWIRE) -- Hemp, Inc. (OTC:HEMP) has just ramped up the move of its decortication line of equipment, in North Carolina, after weeks of prepping. According to executives, the company purchased semi trucks, trailers, forklifts and all other necessary equipment needed to facilitate the move to the new plant.
A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=27389
Hemp, Inc.'s new decorticating plant is located just forty (40) miles east of Raleigh, North Carolina. The signing of the closing documents is scheduled for Tuesday, September 2, 2014.
According to Hemp, Inc. executives, the Temafa manufacturing team from Germany that was retained to reassemble the decortication line in its new facility is scheduled to arrive on Monday, September 8, 2014 and will remain on-site for approximately 60 days… until the decortication line is fully operational.
Edwards, Inc., a full-service industrial contractor serving the Southeastern part of the United States, has also been on site for the last 60 days assisting with the removal and transportation of the processing machinery.
David Schmitt, COO of Hemp, Inc.'s wholly owned subsidiary, Industrial Hemp Manufacturing, LLC, said, "The move is way ahead of schedule and I anticipate it being in full production in the first quarter of 2015. I've contacted a number potential customers and there's a great amount of interest in the products we'll be manufacturing."
The Temafa decortication equipment is designed to separate the fiber from the core of the hemp plant through a process known as decortication, the first of this magnitude in the United States. The Temafa decortication line of equipment will now enable the company to process raw hemp for American farmers, when it becomes legal, into two valuable base products (fiber and hurd) that can both yield hundreds of products.
Bruce Perlowin, CEO of Hemp, Inc., (OTC:HEMP) said, "We will continue to process and sell the millions of pounds of kenaf we currently have on hand as we wait for North Carolina to follow South Carolina, Kentucky and other states' leads and change their laws on growing hemp. We are also working with another company, which plans to go public in the near future, which was looking for land to grow hemp once North Carolina changed its laws.
"In this case, to be able to generate income in one crop, while we wait for the laws to be changed and the farmers in North Carolina to grow enough hemp to supply our plant, is a perfect migration strategy for us to utilize as we promote the industrial hemp industry."
According to Bruce Perlowin, the purchase of decortication equipment was a critical step in order for Hemp, Inc. to help Americans transition from non-sustainable synthetic solutions to a hemp-based clean, green solution. "These are exciting times for us. Just imagine what we will be able to achieve once our manufacturing facility ramps its hemp production volume up over the next few years," said Perlowin, CEO of Hemp, Inc. (OTC:HEMP).
Click here to see video of the current processing plant.
The future is very bright for Hemp, Inc.'s subsidiary, The Industrial Hemp and Medical Marijuana Consulting Company, known as IHMMCC which is comprised of a "Community of Companies." IHMMCC has been touted as the best 'connected' consulting company in the industry. Thus far, the public companies include: Dewmar International BMC, Inc. (DEWM); Resource Ventures, Inc. (REVI); Webxu, Inc. (WBXU); Greene Concepts, Inc. (LKEN); Global Links Corp (GLCO); Strategic Global Investments, Inc. (STBV); Liberated Energy, Inc. (LIBE); Hollund Industrial Marine, Inc. (HIMR); Vapor Brands International, Inc. (VAPR); Cloud Medical Doctor Software Corp (NSCT); View Systems, Inc.; and, PPJ Enterprise (PPJE), which have all mutually benefitted from the network.
ABOUT HEMP, INC.
Hemp, Inc. (OTC:HEMP) focuses on the vast market created by the quickly emerging, and growing, multibillion dollar industrial hemp industry. Hemp, Inc. (OTC:HEMP) is not currently involved in the cultivation or marketing of medical cannabis. (www.hempinc.com). Instead, our focus is on industrial hemp and the myriad of uses (over 25,000 products made from hemp that the hemp plant offers) in creating a new clean green American agricultural and industrial revolution.
ABOUT THE INDUSTRIAL HEMP AND MEDICAL MARIJUANA CONSULTING COMPANY, INC.
The Industrial Hemp and Medical Marijuana Consulting Company (IHMMCC) is a wholly owned subsidiary of Hemp, Inc. (OTC:HEMP) that pulls industry information from a vast network of specialists. IHMMCC is entrenched in all the multi-faceted opportunities in the medical marijuana and Industrial Hemp industry. (www.HempInc.com) Executives of IHMMCC are interviewing an additional 14 companies and expect considerably more to sign up with this network of companies in the coming weeks and months.
Hemp, Inc.'s TRIPLE BOTTOM LINE
Hemp, Inc. (HEMP) seeks to benefit many constituencies, not exploit or endanger any group of them. Thus, the publicly-traded company believes in "upstreaming" of a portion of profit from the marketing of their finished hemp goods back to its originator. By Hemp, Inc. focusing on comprehensive investment results—that is, with respect to performance along the interrelated dimensions of people, planet, and profits—our triple bottom line approach can be an important tool to support sustainability goals.
SAFE HARBOR ACT
Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.
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