DENVER, CO -- (Marketwired) -- 07/25/14 -- Blue Line Protection Group, Inc. (OTCBB: BLPG) (OTCQB: BLPG), would like to issue a correction and clarification to the Company's press release issued on July 1, 2014 announcing its launch of a proprietary financial compliance platform with First Security Bank of Nevada. The July 1st release incorrectly stated that Blue Line Protection Group had started opening accounts on behalf of its clients with certain banks in Washington and Colorado.
Blue Line Protection Group has not, will not and cannot open accounts on behalf of its clients with any banks. The Company may introduce its clients to certain banks however the decision to provide financial services to marijuana-related businesses will be made by each financial institution as specified in FIN-2014-G001 issued by the Department of the Treasury Financial Crimes Enforcement Network on February 14, 2014.
About Blue Line Protection Group, Inc.
Blue Line Protection Group provides state regulatory compliance, financial services and asset protection for businesses engaged in the legal cannabis industry. The company's security personnel are highly trained professionals with significant experience in the U.S. Armed Forces, Special Forces, and law enforcement. Blue Line provides top-tier asset protection from "seed-to-sale," currently serving marijuana dispensaries in Colorado, with operations in Washington and Nevada. 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.