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Hemp, Inc. Signs Letter of Intent with One of China's Largest Agricultural Producers, Yasheng Group
Date:5/16/2013

NEW YORK, May 16, 2013 /PRNewswire/ -- Hemp, Inc. (OTC: HEMP) is pleased to announce an agreement with the Yasheng Group (OTC:HERB), one of China's largest agricultural producers. The signed agreement specifies that Yasheng Group will grow and process into finished product 637 mu (108 acres) of a specific cultivar of industrial hemp in China.  According to Hemp, Inc. executives, the cultivar will be very high in CBDs (a non-toxicating group of compounds with proven medical benefits and no serious contraindications) with less than .05% THC.  This level of THC is legal for import into the United States. Final seed products such as hulled hemp seed possess THC levels too low to have an intoxicating effect on anyone consuming it.

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The harvested crop will be processed into finished products to be comprised of approximately 75,000 kilograms of top quality hemp. Hemp, Inc. (OTC: HEMP) will have final determination of the processing of the end product as the crop progresses to maturity. CEO Bruce Perlowin stated, "Hemp seed, hulled or pressed into oil has the most monetary value at market, but the possibility of providing a quality source of protein to the Chinese population that consumes a great amount of the world's food, is something we are working on. Yasheng representatives have showcased our Herbagenix hemp protein blend to interested buyers at a recent trade show in Hong Kong that could lead to a large sales presence inside China."

Hemp, Inc.'s President, David Tobias , is thrilled with the new agreement, "Yasheng Group is one of China's leading agricultural producers. They've been in bu
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SOURCE Hemp, Inc.
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