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
Point Roberts, WA, – December 13, 2016 –
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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