Smart Closet Inc. (ZSYC)

[PalAl]

It appears that REVI has suggested they are breaching their contract with HEMP Inc.

From article about breaching contract:

"The Company is very pleased with the current direction of working in the cannabis media and publishing arena and will continue to do so. However, given some external considerations and regulatory issues, the Company has determined that it is in the Company's best interest to discontinue the Company's consulting agreement with The Industrial Hemp and Medical Marijuana Consulting Company, Inc."

http://finance.yahoo.com/news/revi-appoints-interim-president-sights-201500141.html


From the article about the agreement:

"According to the agreement, Resource Ventures, Inc. (OTC:REVI) will receive professional consulting services in the Industrial Hemp/Medical Marijuana Industry, specifically in the areas of sales and marketing strategy, press releases, public company venues and overall general industry specific business guidance, on a continual basis, for the term of the agreement.

Per the agreement, Resource Ventures, 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. "This agreement has created substantial revenue for Hemp, Inc.'s first quarter. It also creates a stable 3-year quarterly revenue, 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 Dewmar International with similar terms."

http://globenewswire.com/news-release/2014/02/07/608562/10067520/en/Hemp-Inc-Signs-Lucrative-Consulting-Contract-With-Resources-Ventures-Inc.html