Thursday, April 24, 2014 8:36:25 AM
Per the agreement, Dewmar International BMC, Inc. will pay an initial professional consulting fee of 30 million shares of their common stock and then for each term of the Agreement (a total of 3 years) an additional 10 million shares made payable to Hemp, Inc., on a quarterly basis. "Our consulting division is booming. Based on day before yesterday's closing price, this agreement, worth about $1,200,000, has created more revenue for Hemp, Inc.'s first quarter. Based on Dewmars current stock, our initial consulting fee was equivalent to $240,000 in stock. It also creates a stable 3-year quarterly revenue ... $960,000 over the next 3 years, adding great value to Hemp, Inc. and its shareholders," said Bruce Perlowin, CEO of Hemp, Inc. Hemp, Inc.'s IHMMCC also has a similar agreement with Resource Ventures, Inc. with similar terms.
Moran added, "This consulting agreement was well worth the payment terms. Our stock share trading increased from 1,400,000 volume to 24,442,816 in volume in just over a week. We are definitely looking forward to the next phase of this new relationship with Hemp, Inc.'s IHMMCC, where we will bring our combined marketing talents to creat significant sales revenues for both companies.
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