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Signal Bay Announces ORELAP Cannabis Testing Accreditation

SGBY

Bend, OR -- August 29, 2016 -- InvestorsHub NewsWire -- Signal Bay, Inc. (OTC PINK: SGBY) a leading provider of cannabis consulting, operations, and laboratory services announced today that its laboratory, Kenevir Research located in Central Point, Oregon has received ORELAP Cannabis Testing Accreditation. This Southern Oregon laboratory is currently one of only three across the state that have been approved for Cannabis Testing to date.

CEO William Waldrop said, As of October 1st, 2016, the state of Oregon has mandated that anyone who wishes to sell marijuana in the state must have every batch tested by an ORELAP Accredited Testing Laboratory. We meticulously prepared our facilities in advance for accreditation based on ORELAP established standards and as of today, we are pleased to announce that one of our facilities has received ORELAP approval.

https://public.health.oregon.gov/LaboratoryServices/EnvironmentalLaboratoryAccreditation/Documents/canna-list.pdf

Signal Bay operates state-of-the-art testing facilities and offers reliable testing methodologies that ensure the safety and potency of the nation's cannabis supply. As the legalization of medical and recreational marijuana continues across the country, demand for reliable cannabis testing facilities is increasing.

Mr. Waldrop went on to say, With the new batch testing requirements that go into effect October 1, 2016, the frequency and scope of testing is increasing. Growers now have to test for every 10 pounds, whereas in the past they could have had one test for an entire crop of the same cannabis strain. In addition, with the additional reporting and expanding pesticide testing, the average price for compliance test may increase as much as 45%. This brings a few points to mind that wed like to address. One is that with one facility now approved, we feel confident that our additional locations should receive approval soon as well. Two, if there is a delay, we have a contingency plan in place for testing all product through the Kenevir Research laboratory in the interim if necessary. And three, we are working to expand accreditation to include both pesticides and residual solvents as well as we have relationships with third party labs who can handle our overflow for pesticide and residual solvent testing

Mr. Waldrop finished up with, "This is a significant milestone for us and we could not be more pleased. This was a team effort and I am extremely proud of all of our team members who played a part in helping to secure ORELAP Accreditation. Our focus over the next month will be to shift from accreditation preparedness to an aggressive sales and marketing campaign to build awareness and substantial market share. We will provide more information on accreditation as our other locations receive approval.

About Signal Bay, Inc.: Signal Bay, Inc., through its subsidiaries Signal Bay Research, Signal Bay Services and EVIO Labs, provides advisory services, operational management and analytical testing services to the legal cannabis industry. Learn more at SignalBay.com or the company can be reached directly @ 1-888-544-EVIO.

Notice Regarding Forward-Looking Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate.




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