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#Medical #Marijuana Company Interview: CEO of Profile Solutions, Inc. (OTC: $PSIQ) Talks About How #Biometrics Can Play a Role in Securing and Storing Medical Marijuana

Investorideas.com - Profile Solutions, Inc. (OTC: $PSIQ)

 

Point Roberts, WA - December 13, 2016 (Investorideas.com Newswire) Investorideas.com, a global news source and investor resource covering actively traded sectors including marijuana and hemp stocks issues an exclusive interview with the CEO of Profile Solutions, Inc. (OTC: PSIQ), a company creating products for the Medical and Recreational Cannabis-related industry. http://www.profilesolutionsinc.com/

Q: Investorideas

Dore, your company and personal background is in security and biometrics. Can you give us a brief history of your expertise and experience in that space?

A: DORE SCOTT PERLER CHIEF EXECUTIVE OFFICER AND PRESIDENT

Being involved in the security industry for over 20 years, I have witnessed great improvement in various technologies regarding access and identification of people and property. Some of these technologies have become almost foolproof and have become part of our everyday lives, from banking to getting through the door at your job. From 1997 to 2008 I was the CEO of Sense Holdings and later China America Holdings. Sense was involved in the development, design, sales and support of a proprietary access control and time and attendance solution that was sold to law enforcement including the Department of Corrections, Fortune 100 Corporate customers and privately owned businesses. The technology was based on biometrics which is identifying the user by a physical characteristic, fingerprint, vein, voice, face, etc. Our technology was primarily fingerprint, so the employee or user was granted access by placing their finger on our scanner. We sold and installed our solutions to major airlines, prisons and the transportation industry. This technology allowed us to monitor fraud and better control access to unsupervised locations.

Q: Investorideas

You are now taking that technology background and creating products for the medical marijuana industry with access control solutions and a new MedSafe - Secure Pharmaceutical Depository. Are there other applications for it as well?

A: DORE SCOTT PERLER CHIEF EXECUTIVE OFFICER AND PRESIDENT

Our main focus is to make sure children or any unauthorized person doesn't get into something they shouldn't be allowed to. With the expansion of the cannabis industry for both medical and recreational in multiple states, the increased popularity of edibles which are cannabis-infused candies, baked goods, and drinks, have become a big problem (a child going into the fridge and eating a chocolate bar that looks harmless). Our PSI Medsafe is based on positive identification so no one is granted access that is not allowed to. Our unit is climate controlled to keep all medications at perfect temperature, and has the ability to communicate wirelessly to the authorized user.

Our technology can also be used for various medical applications, doctor's offices and hospitals and can also be used as a personal storage device for jewelry or valuables.

Q: Investorideas

Can you talk about the primary technology and then more specifically about MedSafe?

A: DORE SCOTT PERLER CHIEF EXECUTIVE OFFICER AND PRESIDENT

Our technology is proprietary with some standard off the shelf components. We currently have a patent in process. Our custom communication controller will talk from the Medsafe to the authorized user's smartphone. The user can set specific instructions on the Medsafe to perform certain functions. The Medsafe grants the user entry by either the users fingerprint or keyfob to allow positive identification. The Medsafe has a proprietary cooling unit to allow optimal operating temperature. The Medsafe will communicate time, date, expirations, messages, battery life, etc. to the authorized user. The safe can reside anywhere and can be portable.

Q: Investorideas

I see from the website you are also developing vending machine technology for the medical marijuana industry. Can you talk about that and is it the same technology behind it?

A: DORE SCOTT PERLER CHIEF EXECUTIVE OFFICER AND PRESIDENT

It is the same technology on a much larger scale. We will incorporate the ability the accept currency, a user friendly touch-screen graphic display and have a product dispensing system. The device will also communicate information to the user or customer such as complementary cannabis vendors selling other products, along with our industry coupon program which will save the user money and offer new products. This will also be an advertising device where other suppliers can advertise their products.

Q: Investorideas

Your company also sells product lines of medical grade CBD and HEMP products online. Can you talk about that opportunity and what products you are currently selling ?

A: DORE SCOTT PERLER CHIEF EXECUTIVE OFFICER AND PRESIDENT

CBD or Cannabidiol is now legal in all 50 states. It is derived from the Hemp plant and is non-psychoactive. CBD does not get you high. CBD has been recognized for its benefits on human and animal health and is capable of affecting nearly every biological process. CBD helps in overall health and well being from headaches to backaches to stress and anxiety.

PSI is selling in our online store multiple quality CBD products. PSI sells oils, gels, topical creams, lip balm, tinctures, vape products and pre-filled cartridges to help support health and wellness of our customers.

Q: Investorideas

Can you talk about any relationships in place in the medical marijuana industry that will enable you to enter the market?

A: DORE SCOTT PERLER CHIEF EXECUTIVE OFFICER AND PRESIDENT

PSI has built strong relationships in many areas of the cannabis industry. We are involved with a dispensary in Oregon and have relationships with extraction companies, edibles manufacturers, growers of both Industrial and organic hemp, marijuana growers and ancillary product companies. Over the last three years we have built relationships that will allow our Medsafe a much easier barrier of entry into the market. We actually have our first order and are in the process of finalizing our prototypes getting ready for production.

Q: Investorideas

With multiple products and opportunities, where are you focusing your attention short term to build out the portfolio and revenue stream?

A: DORE SCOTT PERLER CHIEF EXECUTIVE OFFICER AND PRESIDENT

The Medsafe will be the product that will bring long term substantial revenue into Profile. Currently our online sales and addition of new ancillary off the shelf products such as CBD, Vape Pens and security products will help the revenue stream with new distribution agreements.

Q: Investorideas

So what is next? Obviously funding will be a key factor-how much will you be raising and what are the timelines from funding to commercialization and sales if all goes well?

A: DORE SCOTT PERLER CHIEF EXECUTIVE OFFICER AND PRESIDENT

We are in the final stages of finishing up the Medsafe. We plan on exposing our products to the market via industry trade shows, advertising and partner participation along with social media. The company is currently looking to raise $300,000 to $500,000 for the execution of our business model and production of our products either through crowdfunding or equity based funding.

Investorideas

Thanks Dore, we will track your funding venture and product development and follow up soon.

About Profile Solutions, Inc. (OTC: PSIQ)

Profile Solutions, Inc. (OTC: PSIQ) A Security Technology developer, system designer and integrator, specializing in servicing Fortune 100 Customers, Law Enforcement and Government Agencies/Facilities, Medical and Recreational cannabis industry-related businesses. http://www.profilesolutionsinc.com/

The PSI MedSafe can also store jewelry, weapons, documents and other valuables or items.


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Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.

This press release includes "forward-looking statements" within the meaning of the U.S. federal securities laws, which statements may include information regarding the plans, intentions, expectations, future financial performance, or future operating performance of the "Company". Forward-looking statements are based on the expectations, estimates, or projections of the Company's management as of the date of this press release. Although  PSIQ  management believes these expectations, estimates, or projections to be reasonable as of the date of this presentation, forward-looking statements are inherently subject to significant business risks, economic and competitive uncertainties, or other contingencies, which could cause the Company's actual results or performance to differ materially from what may be expressed or implied in the forward-looking statements. Important factors that could cause PSIQ actual results or performance to differ materially from the forward-looking statements include those set forth in the "Risk Factors" sections in the Company's filings with the Securities and Exchange Commission, including the risks set forth in the company's Annual Report on Form 10-K for the year ended December 31, 2015, which is available for viewing on the SEC's EDGAR website. These forward-looking statements speak only as of the date of this press release and, except as required by law, Reign specifically disclaims any obligation to update these forward-looking statements, even if new information becomes available in the future

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