Aja Cannafacturing Inc. (fka AJAC)

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Aja Cannafacturing Decides to Divest Charge! Energy Storage, Inc.

Last update: 15/09/2014 10:21:46 am



Aja Cannafacturing Decides to Divest Charge! Energy Storage, Inc.

Subsidiary to Be Dividend Out to Shareholders Upon Regulatory Approval

LAKE ELSINORE, CA--(Marketwired - Sep 15, 2014) - Aja Cannafacturing, Inc. (OTCQB: AJAC) announced today its Board of Directors has approved the divestiture of Charge! Energy Storage, Inc. (Charge!), a wholly owned subsidiary, through a dividend on a one-to-one basis upon regulatory approval. The Company stated this divestiture would allow the management of each Company to focus on its respective business model's growth and success. Recently Aja Cannafacturing changed its name and stock symbol to support the new business model of providing new technologies, products and services to the medical cannabis and commercialized hemp Industries. Scheduled products include a featured line known as "Cannaceuticals," a line of Cannabinoids that are produced to be base components for third party branding.

The Company stated it would inform shareholders and the investment community of the details of the dividend once it receives regulatory approval of its proposal. For further information regarding Charge! Energy Storage please visits its web site at www.chargeenergystorage.com. The Company invites everyone to visit its new web site at www.ajacannafacturing.com.

About Aja Cannafacturing, Inc.

Aja Cannafacturing, Inc. is a diversified holding company with internal operations that is focused on creating superior long-term returns for shareholders through a unique structure of diversified public and non-public holdings.

Aja Cannafacturing operations are focused on being the pioneering force in the cannabis industry by the select breeding and cultivation of application-specific, proprietary cannabis seed. Through these methods, Aja Cannafacturing seeks to maximize the potential of every harvest. Becoming a leading supplier of raw cannabis material for industry specific applications such as building materials (Hemp Crete), automotive (biofuels), plastics (healthcare) and textiles (fabrics), among others, positions Aja Cannafacturing at the forefront of a new domestic industrial revolution.

Charge! Energy Storage is a designer and developer of GIIRS-rated energy storage devices for residential, commercial, and light industrial markets and products that deliver clean stationary and portable electrical energy. The Company's residential & commercial products are large-scale products that have characteristics applicable to their usage. Charge! has made a broad reaching commitment to create reliable and affordable hi-tech energy storage systems for all commercial and residential applications. The Company's proprietary integrated Battery Management and Charge Controller System (BMCCS) optimizes advanced lithium chemistry functions improving battery performance and extending battery life.

Propel Management Group (PMG) provides a full range of program management, acquisition, and lifecycle support services to its customers. PMG is at the forefront of integrating acquisition, logistics, engineering, and technology disciplines into a comprehensive lifecycle management approach. PMG continually strives to improve the process of developing, procuring, and sustaining its customers' systems to achieve their overarching goals of transformation, consolidation, and efficiency. 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.

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September 15, 2014 10:21 ET (14:21 GMT)

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