NEW YORK, NY- via eTeligis (Feb 10, 2014) - Greene Concepts, Inc. (OTC Pink: LKEN) announced today that it has entered the exploding hemp industry, with the upcoming launch of a hemp-centric website. Through its cutting edge website, LKEN will promote its lines of hemp-based ink, hemp paper and other related products. Its new website, which will deploy fully integrated multi-platform content and content marketing management software and facilitate B2B and B2C hemp transactions will be open to hemp-related products and services from businesses, industry experts, growers, users and more.
Lenny Greene, LKEN's CEO, stated, "We are extremely excited about our move into the hemp industry, a move that has been carefully planned over the past year and recently picked up additional momentum as it became increasingly apparent that the Farm Bill, which was signed into law by the President last Friday, would actually become law after four years of Congressional haggling. We believe the provisions that bring the reality of the legalization of industrial hemp production into view will serve as a boon to the hemp industry immediately, as well in the long term. And, it goes without saying, almost, that our efforts within the hemp industry will get a significant boost from the exploding medical marijuana and adult use marijuana markets, both current and future." Mr. Greene further stated that LKEN's move into a "green" industry provides a significant opportunity to grow the company's revenue base through sales of hemp-based ink and hemp paper, as well as many other hemp related products and, indeed, web-related revenues also.
To demonstrate the historical use of hemp in the U.S., Washington State Senator Jeanne Kohl-Welles, D-Seattle, notes "Even the Declaration of Independence was written on hemp paper."
Source - http://seattletimes.com/html/localnews/2022858137_washingtonhempxml.html
Mr. Greene adds, "Involvement in the industrial hemp industry supports LKEN's company goals of revenue growth, increased distribution networks, and web/social media presence, and also helps us introduce new and exciting products to the masses."
Source - http://inkwayusa.com/Greene%20Concepts%20Newsletter%20%20Vol.%201%20%20Issue%201.pdf
Details About the Hemp Industry and Hemp Products:
Hemp is among the oldest industries on the planet, going back more than 10,000 years to the beginnings of pottery. Industrial hemp comes from the cannabis plant. The hemp plant has thousands of positive industrial uses to include biofuels, biodegradable plastics, clothing, beauty products, food, rope, canvas, paints, paper, fiberboard, cement blocks, and cellophane. Hemp is the longest and strongest natural fiber known to man. It also provides a sustainable, renewable, and natural alternative to toxic fossil fuels and helps contribute to the rejuvenation of our atmospheric air quality.
Sources - http://www.truthabouthemp.org/
Details of the Farm Bill
The Agricultural Act of 2014 (Farm Bill) is important legislation that provides authorization for services and programs that impact every American and millions of people around the world. The Farm Bill builds on historic economic gains in rural America over the past five years, while achieving meaningful reform and billions of dollars in savings for the taxpayer. President Barack Obama signed the $956 billion farm bill into law on Friday, February 7, 2014. The president noted that the law supports not only farmers and ranchers but poor families on food stamps, researchers working on biofuels, and businesses developing and exporting new products from rural America.
The final 2014 Farm Bill agreement included a provision that would allow institutions of higher education and state departments of agriculture to grow or cultivate industrial hemp for research purposes. This is allowed only for states where industrial hemp farming is already legal under state law.
It also requires that the sites used by universities and agriculture department be certified by -- and registered with -- the state department of agriculture. This provision will allow universities and agricultural departments to study industrial hemp for its possible future use as a commercial product.
States such as: California, Colorado, Kentucky, Maine, Montana, North Dakota, and Vermont which currently have laws to promote the growth and marketing of industrialized hemp. Thirteen other states have introduced or carried over industrial hemp legislation to include: Arizona, Hawaii, Indiana, Mississippi, Nebraska, New Jersey (carried over from 2013), New York, Oklahoma, South Carolina, Tennessee, Washington (two bills carried over from 2013), West Virginia and Wisconsin.
Sources –
http://www.ncsl.org/research/agriculture-and-rural-development/state-industrial-hemp-statutes.aspx,
http://www.votehemp.com/federal.html#FarmBill,
http://www.usda.gov/wps/portal/usda/usdahome?navid=farmbill,
http://news.yahoo.com/obama-signs-sprawling-farm-bill-lauds-rural-progress-214914343--sector.html,
http://www.usatoday.com/story/theoval/2014/02/07/obama-farm-bill-east-lansing-michigan/5275395/,
About Greene Concepts, Inc.
Greene Concepts, Inc. (http://www.greeneconcepts.com/) is an ink technology Manufacturing and Distribution Company headquartered in Fresno, CA. Chairman and Founder Lenny Greene has spent the past 30 years serving the printing needs of businesses and consumers. Greene Concepts intends to be the catalyst for the introduction of a number of innovative products and marketing strategies, including its announced hemp-centric website, and to bring the world the best products at the lowest prices so consumers and business can save time, save money, print more and print better.
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AccuBrite, Inc. (http://accubrite.com/) creator of FreeInk4Life™, Refills4You™, INKWAY USA™ and INK-Telligence™ has developed a family of 25 "Do It Yourself Ink Cartridge Refilling Systems." All refilling tools, accessories, filling stations, interactive CD-Rom instruction manual including bonus software, 24/7 customer service / tech support and unlimited ink refills are available. Consumers can now save thousands of dollars annually without replacing their inkjet cartridges using ABI's top of the line refill kits. AccuBrite, Inc. is the manufacturing arm of Greene Concepts, Inc.
INKWAY USA (http://www.inkwayusa.com/) is a consumer direct marketing ink and toner technology Distribution Company. We market and sell over 1000 advanced and exceptional proprietary ink and toner "Do It Yourself" Refilling Systems and other products for all inkjet and toner cartridges. Marketing, sales, and fulfillment for retail products are coordinated at its offices in Fresno, CA. Consumers and businesses save thousands of dollars annually buying our products. INKWAY USA will also compete in the global market place by marketing and signing distributors in Europe, The Pacific Rim, and Asia. INKWAY USA is now ready to grow exponentially with their soon-to-be released proprietary Synergy Distributor Program (SDP) and take a large stake in the over $70 billion per year ink and toner industry through an unparalleled, innovative marketing strategy that utilizes virtually no competition -- all while offering unmatched cost savings and product quality for individual ink and toner consumers and large businesses alike.
Safe Harbor: This Press Release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission and OTC Markets, Inc. OTC Disclosure and News Service. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
CONTACT:
Greene Concepts, Inc.
Investor Relations
Shaun Kohlmeier
SOURCE: Greene Concepts, Inc.
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