Signal Bay, Inc.
Under the Symbol:
Signal Bay's EVIO Labs Ready to Handle Influx of New Business as a Result of Accreditation
Friday, September 23, 2016 9:00 AM
BEND, OR / ACCESSWIRE / September 23, 2016 / Signal Bay, Inc. (OTC PINK: SGBY) a leading provider of cannabis consulting, operations, and laboratory services announced today that they are prepared and expecting a sizable influx of new business accounts as a result of the small number of labs that have been able to meet all of the accreditation requirements required for the state of Oregon.
CEO William Waldrop stated, "We've seen multiple articles and editorials suggesting that a backlog of accreditation applications could cause some disruption in the cannabis market across the state. Overall, the cannabis testing market may experience some shortcomings, but EVIO Labs is fully prepared to take on the work. We've already seen a significant uptick in new business. As one of the few accredited options for testing at this point, we want to assure cannabis operators across the state that we are staffed and ready to handle any and all new business that comes our way over the next few months. For example, we are already preparing for fall harvest by working with large outdoor growers to coordinate testing with clients harvest schedules."
Mr. Waldrop also said, "We have streamlined our operations across the company in a way that will ensure consistency and efficiency allowing us to meet demand. Our team is passionate about what we do and is committed to ensure we leverage this critical stage of our company's growth trajectory. We feel strongly that in the future, we'll look back at the fourth quarter of 2016 as a point where we grew significantly because we planned ahead, we're well prepared and worked overtime to ensure our clients received exceptional service."
Signal Bay operates state-of-the-art testing facilities and offers accredited testing methodologies performed by a qualified team of scientists to ensure the safety and quality of the nation's cannabis supply. As the legalization of medical and recreational marijuana continues across the country, demand for reliable cannabis testing facilities is increasing.
Mr. Waldrop went on to say, "Opportunities to operate in a constrained market don't come around often. Early accreditation approval gives us a chance to shine and gain notoriety from a whole new client base. Its a very exciting time for our company. Once we formally close on our Portland location, that will give us even more of an opportunity to build our business at an accelerated pace."
About Signal Bay, Inc.: Signal Bay, Inc., through its subsidiaries Signal Bay Research, Signal Bay Services and EVIO Labs, provides advisory services, operational management and analytical testing services to the legal cannabis industry. Learn more at www.SignalBay.com or the company can be reached directly @ 1-888-544-EVIO.
This news release contains "forward-looking statements" as that term is defined in Section 27(a) of the Securities Act of 1933, as amended, and Section 21(e) of the Securities Exchange Act of 1934, as amended. Statements may contain certain forward-looking statements pertaining to future anticipated or projected plans, performance and developments, as well as other statements relating to future operations and results. Any statements in this press release that are not statements of historical fact may be considered to be forward-looking statements. Words such as "may," "will," "expect," "believe," "anticipate," "estimate," "intends," "goal," "objective," "seek," "attempt," or variations of these or similar words, identify forward-looking statements. These forward-looking statements by their nature are estimates of future results only and involve substantial risks and uncertainties, including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, our ability to complete our product testing and launch our product commercially, the acceptance of our product in the marketplace, the uncertainty of the laws and regulations relating to cannabis, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed from time to time in our reports filed with the Securities and Exchange Commission, available at www.sec.gov or https://signalbay.com/investors.
William Waldrop, CEO
SOURCE: Signal Bay, Inc.