American Green Executes Acquisition Agreement with TrackX - A Global Leader in Cloud-Based Physical Asset Management
Patent-protected, Next-generation Asset Tracking is Ready for Market.
ALERT! Stay tuned for an ERBB Shareholder Video Update with American Green’s President available for shareholders to view later this week. An Email Alert will be sent when it goes “live.”
[Tempe, AZ – June 29, 2015] - American Green, Inc.(OTC Pink: ERBB) is very pleased to announce today that it has executed an acquisition agreement with TrackX LLC, (www.trackx.com). TrackX, a Denver-based company, is one of the country’s leading providers of complete Radio Frequency Identification (RFID) tracking and cloud-based physical asset management systems. TrackX owns and maintains process patents and services designed to cater to numerous nationally recognized customers. American Green believes that TrackX is positioned to be the premiere RFID-enabled asset tracking and supply chain solutions provider globally. Currently available market data shows that in 2014, the world RFID market was worth $8.89 billion, up from $7.77 billion in 2013 and $6.96 billion in 2012. This includes tags, readers, and software/services for RFID cards, labels, fobs, and all other form factors. TrackX is well positioned to be the next-generation platform for the “Internet of Things” that is projected to generate $14.4 trillion in value by 2022. TrackX services many recognizable brands (please see their website), including Fortune 100 companies, with their unique and proprietary software applications. This investment will allow American Green to utilize state-of-the-art tracking technology in all States offering (or planning to offer) a legal cannabis program with a well-established seed-to-sale tracking platform. “Our decade-long background in technology and our unique position in this emerging sector made this opportunity ideal for our company,” says Stephen Shearin, American Green president. “We are eager to assist TrackX in maximizing how it serves its impressive client list; help them deliver the business in their equally impressive pipeline and develop new business, aided by our extensive tracking candidates our company has already developed in this sector. The opportunities are endless in tracking and efficiency which is why our team spent more than 3 months pursuing and negotiating this critical acquisition,” concludes Shearin. “We worked for years to develop and service a strong client list and the technology that enables us to offer our unique customers cutting-edge solutions,” says TrackX CEO, Tim Harvie. “I believe we have more than succeeded in accomplishing that goal. Now, we are ready to bring what we have created to a larger audience. Working with American Green will allow us to do just that. We are proud of what we have achieved up to this point and are particularly excited about where the union with American Green and our next-generation RFID-enabled asset tracking technology will take us.” Be sure to visit the company's website at www.americangreen.com and sign up for the company's emails alerts to stay current on news. Shareholders and interest holders may also stay current with American Green Updates: LinkedIn: http://bit.ly/ERBBInv | Twitter: @American__Green (two underscores) | Facebook: https://www.facebook.com/americangreenusa
