SANDUSKY, Ohio, July 02, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- PAO Group, Inc. (OTC:PAOG), a physicians
practice management company, focused on the proper use of cannabis for treatment of chronic pain, opioid addictions, and terminal
patients, is pleased to announce that its Alternative Medicine Centers of America™ (https://altmedcenters.com/) have opened two new Corporate locations in Florida (Orange Park and
Jacksonville) with plans for a third in Jacksonville Beach in the very near future. The Orange Park and Jacksonville
locations are already booking up fast with appointments into August as of last week.
The number of patients in Florida's medical marijuana registry hit 100,576 in April, according to the weekly update from the Florida Department of Health Office of Medical Marijuana Use; this
represents an increase of 57 percent since the beginning of the year.
The going rate for a visit, which can take 30 to 45 minutes, is $200 to $300. “Health insurers won’t pick up the tab because
cannabis is not approved by the Food and Drug Administration or legal under federal law”, said Cathryn Donaldson, a spokeswoman for
the trade group America’s Health Insurance Plans.
“We are thrilled with the progress on our expansion initiatives and want shareholders to understand the importance of breaking
into certain states that have legalized Medical Marijuana,” states COO Arthur Hall. “The markets we have chosen are catalyzed for
significant growth and state governments have paved the road for clinics like ours to claim our stake and build revenues inside an
ecosystem which supports and encourages businesses like Alternative Medicine Centers of America™ to thrive.”
As well, Company execs are thrilled to announce that they are finalizing the Company’s first corporate location lease in White
Oak, a suburb of Pittsburgh, Pennsylvania.
Initiatives are also set for 2nd and 3rd locations in Pennsylvania immediately to follow.
Pennsylvania’s medical marijuana program is set to more than double in size. State officials Thursday announced the program was
entering its second phase, expanding from 12 to 25 cannabis producers and adding 23 more dispensary operators.
“This is just the beginning,” states Hall. “Many state programs are in their infancy and PAO Group is at the forefront of the
industry with ability to position our efforts in line with positive progress on the state level. As markets continue to open
and become fertile for operations, we will be there growing; growing the company, growing our capabilities and growing our
revenues. Pennsylvania will be a key market in the near term among others we enter into as we continue to expand nationally,”
states Hall.
Visit our website at: www.PAO.Group
Contact us: info@pao.group or 1-888-PAO-Group "Like" and "Share" PAO Group on Facebook/paogroupinc and
follow us on Twitter @paogroup
Forward-Looking Statements
: Certain statements in this news release may contain forward-looking information within the meaning
of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe
harbor created by those rules. All statements, other than statements of fact, included in this release, including, without
limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve
risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future
events could differ materially from those anticipated in such statements. Technical complications, which may arise, could prevent
the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or
update any forward-looking statements to reflect events or circumstances after the date of this release.
CONTACT INFORMATION
Contact us:
info@pao.group
1-888-PAO-Group
A photo accompanying this announcement is available at: http://www.globenewswire.com/NewsRoom/AttachmentNg/06efa271-6fd2-41e4-a376-d3d296e40de1.
