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SOURCE Alternative Fuels Americas, Inc.
HOLLYWOOD, Fla., April 29, 2014 /PRNewswire/ -- Alternative Fuels Americas, Inc. (AFAI) announced today that its subsidiary Marijuana Holdings Americas, Inc. has completed the national branding development for its chain of medical marijuana stores, with the first "Kaya Shack™" slated to open by early June 2014.
"'Kaya,' immortalized by Bob Marley and the Wailers, describes someone who is both amazingly beautiful and wonderfully talented, and also refers to the feeling experienced while making the connection with your inner self," states CEO Craig Frank. "Kaya Shack™ communicates the warm and personable service and home-like informal environment we will be instilling in our facilities. Kaya Shack™ will be the premier place for medical marijuana consumers to shop. Our wide selection, bright appearance, friendly service and highest quality standards will make our MMFs the first choice for medical marijuana patients in Portland, Oregon, and will lay the foundation for a nationally recognized brand."
The completion of the branding is the final phase in the development of the Company's first facility– to be located in Portland, Oregon. The Company has initiated the site improvements, ordered fixtures, installed its security system, completed its operational manuals, and has concluded supply agreements. The Company expects to open the facility in June 2014.
About Alternative Fuels Americas (AFAI)
AFAI (OTCQB: AFAI) is a disruptive sectors company that seeks to identify and enter early stage business opportunities that mark a significant change in the status quo from which to extract value for its shareholders. The company's alternative fuels division has pioneered the development of above ground oil fields in Central America and continues to innovate clean fuel - recently focusing on aviation fuel.
Marijuana Holdings Americas
AFAI's subsidiary, Marijuana Holdings Americas, Inc. was founded to enter the rapidly growing medical and recently legalized recreational marijuana market with the goal of securing new medical and recreational marijuana licenses, potentially acquiring existing Cannabis production/sales operations and evaluating related business opportunities, subject to legal compliance and advice of counsel.
IMPORTANT DISCLOSURE: AFAI and MJAI are planning execution of their stated business objectives in accordance with current understanding of State and Local Laws and Federal Enforcement Policies and Priorities as it relates to Marijuana (as outlined in the Justice Department's Cole Memo dated August 29, 2013), and plan to proceed cautiously with respect to legal and compliance issues. Potential investors and shareholders are cautioned that AFAI and MJAI will obtain advice of counsel prior to actualizing any portion of their business plan (including but not limited to license applications for the cultivation, distribution or sale of marijuana products, engaging in said activities or acquiring existing Cannabis production/sales operations). Advice of counsel with regard to specific activities of AFAI and MJAI, Federal, State or Local legal action or changes in Federal Government Policy and/or State and Local Laws may adversely affect business operations and shareholder value.
Forward Looking Statements
This press release includes statements that may constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect" or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, acceptance of the Company's current and future products and services in the marketplace, the ability of the Company to develop effective new products and receive regulatory approvals of such products, competitive factors, dependence upon third-party vendors, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
Contact Investor Relations: 561-210-5784
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