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American Green Completes IP Patent Deal for Machine Vended Product Purchases
|By Marketwired .
|August 25, 2014 09:46 AM EDT
PHOENIX, AZ -- (Marketwired) -- 08/25/14 -- American Green (OTC: ERBB) has secured two key patents which have strengthened the company's intellectual property protection over the popular ZaZZZ machine and modified development for the world's first public-facing cannabis vending machine.
The patents, numbered 6,711,465 and 7,493,190, were produced for the purpose of safely vending age-controlled, identity-specific items, all of which fit directly into American Green's business plan.
"Two of our main focuses of in the medical Marijuana industry are to safely provide high quality products to consumers, while abiding to the strictest letter of the law. The Company believes that these new patents clearly put us on target and make us a leader in the industry. Acquiring these patents moves us even closer to our goal of making ZAZZZ the top consumer-operated marijuana vending machine in the world," says American Green's President, Stephen Shearin.
As even more states in the U.S. continue to inch closer to passing legislation to legalize marijuana for medical use and/or general adult use, American Green continues to pursue new opportunities and close deals and partnership deals that have been in their pipeline.
"Patients are located all over, but they all know what they want and should have immediate or, at least, unfettered access. The ZaZZZ system is an obvious solution -- for the consumer and the dispensary. Saving consumer's time and giving them what they want in seconds, as opposed to waiting in lines, ZaZZZ is in high demand by many popular dispensaries nationwide, and we have been ramping up our technology as a result of that growing demand and aggressive field testing," added Shearin.
"We are extremely excited to secure this valuable IP for American Green and the future opportunities that it will help us to secure and maintain a leading position within the growing marijuana industry worldwide," says Shearin.
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NOTES ABOUT FORWARD-LOOKING STATEMENTS
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in the Company's Securities and Exchange Commission reports and filings. Certain statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward-looking statements because they involve unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward-looking statements may be identified by words such as estimates, anticipates, projects, plans, expects, intends, believes, should and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the Company and speak only as of the date made. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which they are made.
About American Green
American Green (OTC: ERBB) is a retail and medical marijuana company focused on growing cannabis businesses through the sale and use of innovative products and solutions. Formally Altitude Organix, American Green became the first publicly traded medical marijuana dispensary brand in the world.
Since 2009, the company has developed retail, brand, and commercial cultivating solutions with its licensed medical marijuana retail dispensaries. The Company has developed an "automated dispensary," called ZaZZZ, which will offer the company's proprietary cannabis products to qualified adults in the US and around the world under its "American Green" brand. Besides ZaZZZ, the company has several media properties, a cultivation division including Jurassic water, and is continually developing new product and growth opportunities.
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