News Update - Alternative Fuels Americas, Inc. (OTCQB:AFAI) -
January 9, 2014
Marijuana Holdings Americas to Pursue Medical and Recreational Marijuana
Licensing, Related Opportunities in Target Markets
AFAI (OTCQB: AFAI) subsidiary, Marijuana Holdings Americas,
Inc. was founded to enter the rapidly growing medical and recently legalized
recreational marijuana market
Hollywood, Florida: January 8, 2014 – Alternative Fuels
Americas, Inc. (OTCQB: AFAI) announced today that it has formed a subsidiary,
Marijuana Holdings Americas, Inc. to serve as the foundation for the company’s
entry into the rapidly growing medical and recently legalized recreational
marijuana markets that are emerging in the United States.
“We have always been drawn to early stage changes in sectors that greatly affect
the status quo, and from which value can be created. This is consistent with our
worldview and offers our shareholders an opportunity to benefit from yet another
rapidly changing environment”, stated CEO Craig Frank. “What is transpiring with
state-sanctioned legal medical and recreational marijuana is a classic case of
an emerging market.”
“We have begun the process of evaluating the application process for medical
marijuana and recreational licenses, which are now available in one form or
another in 20 states and Washington, D.C. with more states indicating that they
will follow suit. Our plan is to leverage our agricultural and business
expertise to launch new licensed facilities to grow and distribute, as well as
evaluate acquisitions of existing operations and peripheral business
opportunities. All our activities will be strictly in accordance with
State/Local Laws and currently stated Federal Enforcement Policies and
Priorities, as well as the advice and review of counsel. We believe these
developments demonstrate the emergence of a new industry with tremendous
potential.”
“The roll out of recreational marijuana sales in Colorado since January 1st has
been an overwhelming success, with Washington State set to follow their lead,”
continued Frank. “According to Bloomberg Finance, Washington State expects to
plug a budget shortfall of $900 million for 2013-2015 with anticipated tax
revenue of up to $2 Billion over the next 5 years solely through taxation on
legal sales of marijuana. We believe other cash-strapped states will take note
and permit the sector to further grow. We recognize risk here, but the dollar
amounts are compelling, and we believe the potential leveraged returns for
investors, if we are successful, could be extremely rewarding.”
About Alternative Fuels Americas (AFAI)
AFAI (OTCQB: AFAI) is a disruptive sectors company seeks to identify and enter
early stage business opportunities that mark a significant change in the status
quo from which to extract value for its shareholders. The company’s alternative
fuels division has pioneered the development of above ground oil fields in
Central America and continues to innovate clean fuel – recently focusing on
aviation fuel.
Marijuana Holdings Americas (MJAI)
AFAI’s subsidiary, Marijuana Holdings Americas, Inc. was founded to enter the
rapidly growing medical and recently legalized recreational marijuana market
with the goal of securing new medical and recreational marijuana licenses,
potentially acquiring existing Cannabis production/sales operations and
evaluating related business opportunities, subject to legal compliance and
advice of counsel.
IMPORTANT DISCLOSURE: AFAI and MJAI are planning execution of their stated
business objectives in accordance with current understanding of State and Local
Laws and Federal Enforcement Policies and Priorities as it relates to Marijuana
(as outlined in the Justice Department’s Cole Memo dated August 29, 2013), and
plan to proceed cautiously with respect to legal and compliance issues.
Potential investors and shareholders are cautioned that AFAI and MJAI will
obtain advice of counsel prior to actualizing any portion of their business plan
(including but not limited to license applications for the cultivation,
distribution or sale of marijuana products, engaging in said activities or
acquiring existing Cannabis production/sales operations). Advice of counsel with
regard to specific activities of AFAI and MJAI, Federal, State or Local legal
action or changes in Federal Government Policy and/or State and Local Laws may
adversely affect business operations and shareholder value.
Potential investors and shareholders are cautioned that while
For more information, visit http://www.alternativefuelsamericas.com
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Alternative Fuels Americas, Inc.
http://www.alternativefuelsamericas.com
SOURCE: Alternative Fuels Americas, Inc.
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