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Re: tommy 9 fingers post# 16478

Friday, 07/16/2010 3:22:11 PM

Friday, July 16, 2010 3:22:11 PM

Post# of 56916
Now CMSI too? Hmmmmm......


NEWS ******

Cannabis Medical Solutions Inc. Announces Cash Advance and Quick Loan Program for Medical Marijuana Dispensaries GlobeNewswire "Press Releases "
LOS ANGELES , July 15, 2010 (GLOBE NEWSWIRE) -- Cannabis Medical Solutions Inc. (http://www.cannabismedsolutions.com/) (OTCBB:CMSI), a leading company specializing in both brick-and-mortar and online merchant payment solutions and financial security products for medical marijuana dispensaries and high-risk merchant accounts, today announced that the company is now offering cash advances and quick loans to medical marijuana dispensary processing clients through its primary banking partner network.

"Due to the recent changes in legislation especially within the state of Colorado , many dispensary clients are now subject to higher licensing costs, purchasing POS systems and hiring of additional employees to properly run these operations in compliance within the states. Although we agree with stricter licensing requirements and tracking of these financial transactions, many operators have been suddenly burdened by these increasing costs to maintain legal operations," stated B. Michael Friedman , CEO of Cannabis Medical Solutions .

"Through our banking partners, we are now able to offer any medical marijuana dispensary legally operating and processing credit cards cash advances and loans upon verification of merchant processing volume with 24-48 hours. Quietly announcing the program at first to clients, we are already in the process of funding our first application in the amount of $80,000 . We would expect to do between $250,000 and $500,000 in cash advances quarterly as the program ramps up. CMSI will generate revenues by processing the applications and as an agent of our banking network of 5% on all loans processed," further stated Friedman. For those dispensaries seeking more information on our cash advance program, please contact 800-420-CALL or email info@cannabismedsolutions.com.

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