BIG NEWS FROM AFAI DURING PRE-MARKET:
AFAI’S MARIJUANA HOLDINGS AMERICAS ENTERS OREGON FOR FIRST LICENSED MEDICAL MARIJUANA RETAIL, GROW FACILITIES
Medical marijuana facilites like this shop in Portland,Oregon will finally be licensed in process beginning March 3, offering legitimate businesses an entry point. AFAI is gearing up to apply for multiple licenses in Oregon
as part of 10 different state markets they are targeting.beginning of news story excerpt…
Hollywood, Florida: February 11, 2014 – Alternative Fuels Americas, Inc. (OTC: AFAI) announced today that its subsidiary Marijuana Holdings Americas, Inc. is pursuing its first licensing arrangements in Oregon. Oregon has just recently released rules for its licensed medical marijuana facility (MMF) program, with the application process set to begin March 3, 2014. After consultations with Oregon based legal counsel, the Company’s current plans are to pursue more than one licensed operation in Oregon, through a wholly owned Oregon domiciled subsidiary.
The Company shall operate in conjunction with local Oregon resident(s) who serve as the legally required “PRF” (Person Responsible for Facility), thereby fulfilling State residential and licensing requirements.The Company further announces that it has retained the services of Oregon CannaBusiness Compliance Counsel, LLC. (OC3)a leading industry law firm which includes Leland R. Berger, attorney at law and Leia Flynn, an industry insider and expert. The Company has also retained John C. Lucy IV, an Oregon attorney expert in the emerging legal cannabis sector.
“We have selected Oregon for both grow and retail operations”, states CEO Craig Frank, “because we believe it will be one of the next states to legalize recreational marijuana, and having a strong footprint in the state allows us to be well positioned as the market further develops. We are delighted to have OC3 on our team to guide us and provide a strong foundation in Oregon, our first of many anticipated markets”.
The Company has established its roadmap for a comprehensive and integrated entrance into select markets with legal marijuana, as well as states with laws pending. In all, the Company has identified ten markets within which it intends to focus.
“We are approaching the legal marijuana business as we would any other venture – building a well-conceived strategy which we can then carefully and thoughtfully execute”, continues Mr. Frank. “Our plan is to enter the markets that lawfully permit marijuana cultivation and sales and establish a brand and infrastructure that supports further growth as the market expands and more states legalize marijuana for both medicinal and recreational uses”.
About Oregon CannaBusiness Compliance Counsel, LLC. (OC3)
OC3 is led by Portland attorney and activist Leland R. Berger. Mr. Berger has 30 years experience in private practice including his statewide representation of medical marijuana patients and their providers for the past 18 years. Co-drafter of the Oregon Medical Marijuana Act and several dispensary and legalization initiatives and bills, his activism includes citizen lobbying, public speaking and protester defense. Mr. Berger is a member of the National Cannabis Industry Association, the National Organization of Marijuana Laws (NORML) Legal Committee and his awards include High Times’ Freedom Fighter of the Month (August 2001) and NORML’s Citizen Activist Award 2010.
About John Lucy IV
John C. Lucy IV is a graduate of the School of Law at The University of North Carolina at Chapel Hill, and worked in Washington, D.C. with NORML before moving to Portland, OR to open his own law firm in 2007. A Lifetime Member of the NORML Legal Committee, Mr. Lucy’s work includes issues of human rights, civil liberties, drug policy reform, and sentencing reform. He has been featured in High Times magazine, and has been interviewed/appeared on NPR, CBC, CNN, and CourtTV as well as other media outlets.
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
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 Marijuana Holdings Americas 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 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, 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.
Forward Looking Statements
This press release includes statements that may constitute “forward-looking” statements, usually containing the words “believe,” “estimate,” “project,” “expect” or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, acceptance of the Company’s current and future products and services in the marketplace, the ability of the Company to develop effective new products and receive regulatory approvals of such products, competitive factors, dependence upon third-party vendors, and other risks detailed in the Company’s periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
end of news story excerpt…
“MARIJUANA STOCKS” (AND I USE THE TERM LOOSELY) HAVE BEEN DRAWING SOME INCREDIBLE CASHFLOWS AND POSTING HUGE GAINS SIMPLY BY DOING LITTLE MORE THAN ISSUING A DIFFERENT NEWS STORY EVERY DAY OR SO, WITH LITTLE OR NO SUBSTANCE. WE ALL KNOW THE MAJORITY OF THESE GAINS WILL BE SHORT LIVED AT BEST.
HOWEVER, TWO FACTS REMAIN CONSISTENT:
a. There seems to be more money than stocks to invest in, and most likely it will remain that way for some time.
b. It seems that the closer you get to actually being involved in the legal marijuana trade the better the value and the chance for appreciation over time.
Let’s be very clear: Statistically, any single, small company like AFAI will most likely fail, but what if they beat the long, hard odds and actually succeed and become the “Starbucks of Cannabis”? It could be very, very interesting for early shareholders.THIS IS NOT THE MARIJUANA SOLD ILLEGALLY ON THE BACKSTREETS.
LEGAL MEDICAL AND RECREATIONAL MARIJUANA IS TESTED BY LAW, AND CONSUMERS HAVE A CLEAR UNDERSTANDING OF WHAT THEY ARE BUYING, THE PURITY AND EFFECTS THAT IT WILL PRODUCE. WE ARE TALKING AN INDUSTRY THAT COULD GIVE BIG TOBACCO AND ALCOHOL A RUN FOR THEIR MONEY IN SELECT MARKETS.
ALTERNATIVE FUELS AMERICAS (AFAI)
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Specific Disclosure, AFAI. This Communication by WSPS featuring Alternative Fuels Americas, Inc. (“AFAI” and/or “The Profiled Company” as discussed above), as well as any other Communications involving AFAI (“Market Awareness Campaign”) are paid advertisements and are neither an offer nor recommendation to buy or sell any security.
As is noted within this communication and AFAI’s SEC filings, AFAI is classified as a “going concern” and does not currently have financing to implement its business plan in either the biofuels or marijuana industries, and no assurances are given as to whether it will obtain such financing, or if so the terms upon which it may be available. For more information refer to SEC filings or speak to a company officer.
AFAI not currently producing biofuel, no relationship with airlines discussed. AFAI has no company owned processing facilities for biofuel and has not yet produced biodiesel or Jatropha-based jet fuel and there is no guarantee that AFAI will obtain financing to do so, and if the financing is successfully obtained there is no guarantee that AFAI will be successful in its business operations. There is no relationship between AFAI and any of the airlines mentioned in the section regarding Jatropha-based aviation fuel, and the images of KLM’s aircraft featuring the biofuels description (while factual) are not meant to indicate a relationship between KLM and AFAI, and nothing within this or any Communication from WSPS regarding general aviation industry commentary as it relates to the biofuels industry is meant to imply or represent otherwise.
* $1.89 per gallon production cost. AFAI has sourced labor, land and production costs as it relates to its production model. The seed-to-pump production cost estimate of $1.89 is only an estimate based on many factors that are subject to change and revision. This number is not meant to form the basis of qualified projections, revenue forecasts or pro forma financial numbers; it is a goal of what the company is seeking to target for gross profit margins and there is no assurance or projection that it can be achieved. The seed-to-pump production cost estimate of $1.89 per gallon is an economic goal subject to numerous factors including but not limited to obtaining successful financing and what is detailed within the company’s 2012 FYE 10K and subsequent 10-Qs and attached Forward-Looking Statements within the meaning of the Private Securities Litigation Reform Act of 1995.
** $14MM in pending revenues. AFAI has signed, to date, four off-take agreements for the sale of 3.7 million gallons of diesel. These agreements pre-sell the Company’s entire production into the third year, and represent total revenues of approximately $14 million. However, these contracts are with foreign, Costa Rican based entities outside the jurisdiction of US law and no representation is made or implied re: the ability of such entities to pay and consummate these transactions when required to do so. This oil has not yet been produced, and sale of the oil is subject to AFAI successfully obtaining financing and completing production and the contracts being satisfied and enforced. For more information please refer to AFAI’s 2012 FYE 10K and press release issued by AFAI on November 7, 2013.
AFAI not currently conducting Marijuana retail, growing operations. AFAI has formed a subsidiary Marijuana Holdings Americas, Inc. (MJAI) to pursue to medical and recreational marijuana licensing, related opportunities in target markets in the United States. Although AFAI is pursuing its first licensing arrangement for both retail medical dispensaries and growth facilities in Oregon, there can be no assurance that AFAI will obtain the Oregon State Licenses to operate these facilities, and if Oregon State Licensing is obtained there is no guarantee that AFAI will obtain the requisite financing to implement its business plan as it relates to the marijuana industry. Additionally, if the requisite financing is successfully obtained there is no guarantee that AFAI will be successful in its business operations.
Additional risks as it relates to marijuana-based business activities. Marijuana is a controlled substance and the sale, possession and distribution of it is a violation of the Federal Controlled Substances Act, and there can be no guarantee that AFAI and MJAI will not suffer adverse consequences from Federal Enforcement regarding violations of the Controlled Substances Act by AFAO or MJAI.
AFAI and MJAI have stated the following: AFAI and MJAI are planning execution of their stated business objectives in accordance with their 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.
Specific Compensation Disclosure, AFAI. As of January 31, 2014 WSPS has received approximately $150,000.00 in fees and approximately $100,000.00 in reimbursement of expenses associated with market awareness provided on behalf of AFAI from a third party, non-affiliated shareholder(s) of AFAI under common control and ownership by the owner of WSPS. This third-party, non-affiliate entity acquired 3 million shares of free-trading shares of AFAI from two other third-party, non-affiliated shareholders of AFI in exchange for an agreement to pay the shareholders a total of $60,000.00. As of January 31, 2014, 2,200,000 shares of AFAI have been sold and WSPS (through its ownership and control of the entity that owns the shares) intends to sell the remaining 800,000 shares during the first quarter of 2014 without any further notice by WSPS, subject to market conditions. Additionally, shares owned by other present shareholders of AFAI may be sold at any time without notice (including during the term that the AFAI market awareness campaign may be in effect or any period thereafter).
Additionally, the owner of WSPS advises that he has been under contract with AFAI to perform consulting services (unrelated to the production of Wall Street Profit Search) though 495 Oxford Consulting, LLC (495) on behalf of AFAI since January 2013. Services include the rendering by 495 of financial, operational and corporate consulting as and when requested by the Company, as well as providing services, advice and consultation as reasonable requested by AFAI in furtherance to the development and implementation of its business plan. To date no fees have been paid but an accrual of fees owed of approximately $50,000.00 is owed 495 through December 31, 2013.
The owner of WSPS advises that in January 2014 he received an option to acquire 1,000,000 shares of AFAI stock for $.05 per share from AFAI through an employee stock benefits plan for consulting services rendered to AFAI (the services were unrelated to the production of Wall Street Profit Search and were in connection with services related to implementation of the Marijuana Holdings Americas, Inc. business plan). The owner of WSPS advises that the option may be exercised and that the underlying shares (which have been registered pursuant to an S-8 Registration Statement) may be sold at any time without notice (including during the term that the AFAI market awareness campaign may be in effect or any period thereafter).
The owner of WSPS advises that he also provides consulting services to public and non-public corporate clients, and international individual and institutional accredited investors (“Investors”) through BMN Consultants, Inc. (BMN). BMN is owned by the owner of WSPS and provides investment banking consulting services including business plan development, corporate financial planning, marketing plan development and introduction to SEC attorneys and accountants, transfer agents, market makers, accredited and institutional investors and registered securities professionals. BMN also provides market research, introductions and other consulting services to institutional investors.
Some of these Investors have acquired/may acquire stock in AFAI (whether from current shareholders or from the issuer in private transactions), and these Investors may sell their shares at any time without notice through Rule 144 (including during the term that the AFAI market awareness campaign may be in effect or any period thereafter).
In December of 2013, WSPS received a loan of $50,000.00 from an individual that is associated with an international institutional investing client of BMN (“BMN Client”) that is a shareholder of AFAI. The loan is for a duration of six months and there is interest and fees due of $15,000.00; the purpose of the loan was to finance general business operations of WSPS including the market awareness campaign for AFAI. In January of 2014, BMN Consultants, Inc. received a consulting fee of $50,000.00 from the BMN Client. BMN advises that it may receive additional consulting fees in the future from the BMN Client or other Investors for consulting services which may or may not be directly or indirectly related to their investment in AFAI or other Profiled Companies.
The owner of WSPS advises that he has an option to acquire 25,000 Series C Preferred Shares of AFAI for long term investment purposes from an insider of AFAI in exchange for providing business advisory services, advice and consultation as reasonable requested by AFAI in furtherance to the development and implementation of its business plan. The option is exercisable on ninety (90) days notice upon delivery of a written notice of exercise and payment of an amount equal to $.10 per Series C Preferred Share. If notice was given and the 25,000 Series C preferred Shares were acquired they could be converted into approximately 10,550,000 restricted common shares of AFAI stock.
Additionally, the owner of WSPS advises that he may acquire other restricted shares of AFAI from either the issuer, insiders or other shareholders of AFAI (subject to terms to be negotiated) for long term investment purposes and has an oral agreement to receive shares of Marijuana Holdings Americas, Inc. (subject to terms to be negotiated) for assistance provided with business plan development.
This compensation, present option and share ownership and potential future share ownership constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this newsletter as the basis for any investment decision.
Specific Compensation Disclosure, MISM. Communications featuring Mission Mining (“MISM” and/or “THE PROFILED COMPANY” as discussed above), as well as any other Communications involving MISM (“market awareness campaign”) are paid advertisements and are neither an offer nor recommendation to buy or sell any security. In September, 2013 BMN entered into an agreement to be compensated a total of 2 million restricted shares of MISM stock over a 2 year period by MISM for investment banking consulting and market awareness work. Additionally, a third party, non-affiliate shareholder of MISM has agreed to compensate BMN 2.1 million free trading shares of stock over a 2-year period for consulting services. To date BMN has received 600K free trading shares and 500K restricted shares in MISM and sold these shares in a private transaction to a third party, non-affiliated investor for $15,000.00. Some or all of the shares described above and/or shares owned by other present shareholders of WSPS may be sold at any time without notice (including during the term that the MISM market awareness campaign may be in effect or any period thereafter). This compensation and share ownership constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this newsletter as the basis for any investment decision.
Specific Compensation Disclosure, PMXO. WSPS was previously scheduled to be compensated up to $50,000.00 and reimbursed for all expenses associated with publishing and disseminating a newsletter entitled “WSPS: Investment Spotlight on Gold Bullion Vending” (“Newsletter”) and Communications featuring PMXO by a third party, non-affiliated shareholder(s) of PMXO during an approximate 9 month period. Additionally, the owner of WSPS advises that it had previously performed consulting services unrelated to Wall Street Profit Search for and on behalf of PMXO and was compensated for those services, but was not at the time of the promotion of PMXO by WSPS and is not now currently employed by or under any contract to perform consulting services for PMX either now or in the future, and is not receiving any further compensation from PMXO for any other services. The owner of WSPS claimed beneficial ownership of approximately 2.5 million shares of PMXO stock previously acquired unrelated to the production of the Newsletter and Communications, and served notice that during the 9 months that the market awareness campaign was in effect for PMXO that some or all of these shares, shares owned by the third party non-affiliate shareholder contracted to pay WSPS and/or shares owned by other shareholders of PMXO have been and may be sold at any time without notice (including during the term that the “WSPS: Investment Spotlight on Gold Bullion Vending” newsletter may be circulated or any period thereafter). This compensation and share ownership constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this newsletter as the basis for any investment decision.
Track Record. We believe that the track record posted herein is accurate to the extent that we represent, but we have no records beyond our emails and verbal guidance given to traders/readers/subscribers/interested parties relative to numbers of investors that follow our guidance or what their actual profits and losses are/were/could be. Investors that have partially followed guidance or still hold investments in our Other Situations may have lost money or may lose money in the future. Investors that previously traded or currently hold PMXO stock (a previous Profiled Company for which we received compensation and are no longer profiling) may have lost money or may lose money in the future as the market price of the stock has declined considerably since April 2013.