Advanced Content Services, Inc. Signs Joint Venture to Launch
GreenStar Payment Solutions to Provide Legalized Cannabis Industry
With Merchant Services, Ability to Process Non-Cash Payments via
Debit Card
LAS VEGAS, NV--(Marketwired - May 22, 2014) - Advanced Content
Services, Inc. (OTC: ADCS), a Holding company focused in electronic
payment services and solutions, has formally signed a Joint Venture
Agreement with SinglePoint™, Inc. (OTC: SING) and Christopher Wade
Mills' GreenHouse Payment Solutions to form GreenStar Payment
Solutions, Inc. (GREENSTAR), a profit corporation whose Articles of
Incorporation have been filed with the Secretary of State of
Colorado. The Joint Venture is well positioned to yield attractive
monthly profits.
One of the competitive offerings GreenStar will provide is the
ability for Medical Marijuana dispensaries to accept debit cards at
the dispensaries. This merchant segment generated over $2 billion
in revenues last year, virtually none of which was done through
electronic payment devices such as credit and debit cards.
Combined sales of legal recreational and medical marijuana in the
United States is projected to reach more than $8 billion in 2018.
That's according to a new report by Marijuana Business Daily citing
data from the Marijuana Business Factbook, which forecasts that the
2018 retail marijuana industry could see an estimated $7.4 to $8.2
billion in sales.
The U.S. Government has agreed not to prosecute legal dealers as
long as they meet eight requirements. In separate guidance, the
Justice Department directed U.S. attorneys not to pursue banks that
do business with legal marijuana dispensers as long as the dealers
adhere to the guidelines issued in August 2013. Greenstar
Payment Solutions, Inc. has committed to operate in full compliance
with the current administration's guidelines for the protection of
the Joint Venture and its collective shareholders.
GREENSTAR transforms what is primarily a cash business into
electronic payments, allowing customers to utilize debit cards and
other forms of non-cash payments to make purchases, providing
mutual benefit for dispensaries and their customers.
Chris Mills, featured in a Wall Street Journal article earlier this
year, will be appointed as GREENSTAR CEO. As CEO, Mills will work
with the team to aggressively harvest new customers with a brand
positioned to serve as a non-cash solution for both legalized
recreational and medical marijuana business owners.
Mills, a member of the National Cannabis Industry Association, was
appointed for his experience and expertise, including a strong
network of industry relationships such as that with Denver Relief
Consulting, which is renowned for its work to cultivate quality
cannabis operations and industry leaders committed to advancing
best practices. Chris has currently set up payment processing in
over 100 medical marijuana dispensary clients in Colorado, Arizona
and Washington State.
Currently, the JV is actively working to secure additional
customers for GREENSTAR, with plans to accrue 240 new merchant
clients by end of year and between 500-1000 in 2015. Historically,
on average, Mills reports $480 gross per account per month. These
numbers equate to a multi-million dollar prospect on merchant
business, not to mention potential verticals, over the next 1-2
years with near-term revenues imminent.
"The target of 240 accounts for 2014 measures to annual gross
income of nearly $1.4 million," states ADCS CEO, Thomas Wolff.
"This is a monumental deal for all involved. I am sincerely
impressed with our progress with much credit to Chairman, Mark B.
Newbauer, who was responsible for bringing the parties together and
has worked diligently on behalf of ADCS to bring us a Joint Venture
that has already spawned additional opportunities for the JV moving
forward."
Executives from Advanced Content, GreenHouse and SinglePoint, Inc.
represent the Board of GreenStar Payment Solutions, Inc. They are
committed to being pro-active in cultivating new business and
overall success for GreenStar. The team has combined expertise in
marketing and sales, as well as the payments industry itself, to
foster successful market penetration.
GreenStar Payment Solutions, Inc. will hold its first official
Board meeting in Denver next month. GreenStar Payment Solutions,
Inc. has already confirmed attendance at major Industry shows
through 2014, which will be detailed via press release prior to
each event.
Dispensaries and legal business owners in the MMJ sector- Find out
how GreenStar can support you with superior business practices,
competitive merchant service solutions and key revenue generators
to improve your overall bottom line:
info@GreenStarPaymentSolutions.com.
About Advanced Content
Services, Inc.
Advanced Content Services is a Holding Company focused in
electronic payment services and solutions. Its wholly owned
subsidiary, New Wave Prepaid Solutions, is in development of
flagship product, Cannabis Card™, aimed to reward consumers and
serve businesses in the medical marijuana markets. The company
strives to be a leading contender in the issuance of prepaid
solutions and services that are both highly marketable and with
socially conscious profitability.
For more information see www.advancedcontentinc.com
About GreenStar Payment
Solutions, Inc.
Founded in 2014, GreenStar Payment Solutions, Inc. provides payment
and merchant solutions and services to Legalized Medical and
Recreational Marijuana Dispensaries in the United States.
GreenStar's suite of services aims to provide dispensaries with a
competitive advantage as a one-stop-shop for MJ business owners
with solutions including Non-Cash Merchant Solutions, Prepaid
Rewards Programs, Digital Marketing Menus and more -- all of which
can increase revenue and profitability. Headquartered in
Denver, Colorado, GreenStar is a joint venture among Advanced
Content Services (OTC: ADCS), SinglePoint, Inc. (OTC: SING) and
GreenHouse Payment Solutions, Inc. For more information, please
email us at info@GreenStarPaymentSolutions.com
Forward-Looking Statements
Certain statements in this news release may contain forward-looking
information within the meaning of Rule 175 under the Securities Act
of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934,
and are subject to the safe harbor created by those rules. All
statements, other than statements of fact, included in this
release, including, without limitation, statements regarding
potential future plans and objectives of the Company, are
forward-looking statements that involve risks and uncertainties.
There can be no assurance that such statements will prove to be
accurate and actual results and future events could differ
materially from those anticipated in such statements. Technical
complications, which may arise, could prevent the prompt
implementation of any strategically significant plan(s) outlined
above. The Company undertakes no duty to revise or update any
forward-looking statements to reflect events or circumstances after
the date of this release.
Investor Contact: Thomas Wolff CEO
info@advancedcontentinc.com Retailer Inquiries Chris Mills
info@greenstarpaymentsolutions.com
Advanced Oxygen Technolo... (PK) (USOTC:AOXY)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024
Advanced Oxygen Technolo... (PK) (USOTC:AOXY)
Graphique Historique de l'Action
De Juil 2023 à Juil 2024