|By Marketwired .||
|February 12, 2014 09:30 AM EST||
LAKE ELSINORE, CA -- (Marketwired) -- 02/12/14 -- IDS Industries, Inc. (OTCQB: IDST) announced today that the national organization, Americans for Safe Access® (ASA), has endorsed the Marijuana Control, Legalization and Revenue Act 2014 (MCLR 2014) proclaiming the campaign as its major project for this year. ASA is dedicated to building their local chapters and supporting those chapters' efforts to defeat unfair community restrictions and ordinances.
"We believe that MCLR 2014 is the finest initiative we have seen to be either proposed or approved throughout the 50 states. MCLR 2014 is a grass roots, "open source" developed measure legalizing marijuana and featuring several key components. This is why MCLR 2014 is the single best measure ever been written and our organization supports MCLR 2014 wholeheartedly," said Jason Browne, National Director and Treasurer for ASA. Mr. Browne continued to state, "We have been chapter building and know our members look forward to doing everything they can to help MCLR 2014 get enough signatures to qualify for the November ballot. We are mobilizing our chapters in Northern California to direct their resources to pass MCLR 2014, they are ready and we know others in the community are on their way."
Americans for Safe Access® is the largest national organization of patients, medical professionals, scientists and concerned citizens. Their mission is to realize safe, legal access to cannabis for medical and therapeutic purposes, and to provide resources and support to medical cannabis patients, their associations, and to the medical cannabis industry through local chapters and grassroots action.
Propel Management Group, Inc. (PMG), the newly formed wholly-owned subsidiary of IDST, stated it was very happy to have ASA join its ranks and offer their support with its tasks including the petition drive and raising funds for the campaign. "We are very excited about having the members of ASA join our efforts, especially those chapters in Northern California and members living in other remote areas of the state," said Scott Plantinga, CEO of PMG.
The exclusive contract with Californians for Marijuana Legalization and Control (CMLC), a California campaign committee, aims to raise the roughly $20,000,000 it projects as necessary to mobilize voters to approve the grass roots, "open source" developed measure so important to a diverse range of interests including families, law enforcement and state revenue requirements. MCLR 2014 campaign has received a commitment of $500,000 to achieve the signature gathering milestone and IDST's subsidiary is committed to proactively insuring voters are rallied statewide to participate in the effort to pass the important measure in November.
Among the provisions of MCLR 2014 is the legalization of marijuana for social uses, regulation of the California marijuana trade and related funding mechanisms for state authorities. In its fiscal analysis, the AG office states MCLR 2014 will "reduce costs potentially exceeding $100 million annually to state and local governments related to enforcing certain marijuana-related offenses, handling the related criminal cases in the court system, and incarcerating and supervising certain marijuana offenders." The analysis also states, "Potential net additional tax revenues of a few hundred million dollars annually related to the production and sale of marijuana," would be realized.
The Company's GIIRS-rated energy storage products deliver clean stationary and portable electrical energy, targeting a diverse range of residential, commercial, and off-grid markets. The Company's proprietary integrated Battery Management and Charge Controller System (BMCCS) optimizes advanced lithium chemistry functions improving battery performance and extending battery life. Its Direct-to-Consumer business delivers comprehensive call center and online marketing solutions to brands seeking maximum reach and return on investment (ROI).
Forward-looking & Safe Harbor Statement
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 those statements 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. The Company cautions that these forward-looking statements are further qualified by other factors. The Company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
IDS Industries, Inc.
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