SOURCE: Blue Line Protection Group
DENVER, CO–(Marketwired – Oct 30, 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 its new joint venture with Payteller Finance to provide a comprehensive security and compliance solution to businesses operating in the lawful cannabis industry.
Blue Line provides on-site security, transportation and compliance verification services to marijuana businesses to ensure that they are operating according to local, state and federal regulations. Blue Line helps keep the cannabis industry operating lawfully and transparently by acting as an independent, third-party risk mitigation provider to banking institutions looking to provide their services to marijuana businesses.
“It is our goal at Blue Line Protection Group to make the processing of revenues from the legal cannabis industry as transparent as possible,” said Sean Campbell, Blue Line’s Chief Executive Officer. “Not only will this keep the industry safe and compliant, but it brings an efficiency to the industry as a whole. With the advent of the Payteller kiosk, many of the issues the industry faces with its reliance on cash and its ability to bank that cash goes away.”
Payteller Finance is an advanced financial technology services company with over 30 years in payment processing, risk and fraud management. Payteller’s advanced check-in kiosk provides a fast and simple buying process for consumers, while eliminating the cash-handling process by dispensary personnel. Accurate, real-time reporting systems, fine-tuned by location, are integrated to complete the payment acceptance and tracking process.
“Payteller is cognizant of the emerging requirements for regulatory compliance that dispensaries will face in managing their businesses, and relying on an established organization to help streamline the cash-handling process will be critical to their success,” said Jeff Foster, founder of Payteller Finance. “The partnership between Payteller and Blue Line Protection Group in offering dispensaries a complete solution provides a solid foundation for growth as well as the reassurance needed in safely managing their business.”
“This business venture is precisely what the lawful marijuana industry needs, since it will cut costs for store owners because we’re providing better cash handling and storage systems,” said Dan Sullivan, Blue Line’s Vice President of Sales and Training. “This means an increase for Blue Line’s bottom line, as more cannabis shops turn to us for the efficient hard-data reporting systems that can ensure they’re remaining compliant with state and federal regulations. By working with companies like Payteller, Blue Line helps keep the industry safe, transparent and compliant, and we can enhance revenue streams for everyone involved.”
For more information about Blue Line Protection Group, visit www.BlueLineProtectionGroup.com. Information about Payteller Finance can be found at www.janefour20.com.
About Blue Line Protection Group, Inc.
Blue Line Protection Group provides secured transportation, 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.
Blue Line Protection Group and Payteller Finance Provide Cannabis Industry Compliance and ...
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