via WSJ Market Watch

PHOENIX, AZ and HONG KONG, Aug 09, 2010 (MARKETWIRE via COMTEX) — The Amergence Group (PINKSHEETS: AMNG), a company that focuses on the development, nurturing, and rapid expansion of selected emerging or disruptive companies across a wide range of industries and disciplines, announced today that it has signed a binding Letter of Intent with the Altitude Organic Licensing Corporation (AO) headquartered in Denver, Colorado.

According to AO Licensing president, Brian Cook, “I am absolutely elated to be working with the Amergence people in building the AO Licensing Corporation. This transaction will enable our company to expand the Altitude Organic(TM) brand into each state that allows legal medical marijuana commerce. AO acts as a parent trademark licensing and consulting company for our independently owned and operated dispensaries. Until AO Licensing came along, independent dispensary owners had to invent their own ‘roadmap’ in guiding them toward success in a brand new industry that is growing and changing very rapidly. Our corporate structure keeps us focused entirely on building a successful medical marijuana business template for Altitude Organic(TM) dispensaries. We focus on branding, consulting, marketing, public awareness, and dispensary operation strategies so that our Altitude Organic Medicine operators can focus on what they do best — sales, growth, and running their day-to-day business. We anticipate the medical marijuana market segment — already a multi-billion dollar industry in the US — will grow at a faster pace than even casino gaming did here during the 1990s.”

Peter Jacobs, Amergence’s managing director had this to say: “Following on the heels of our first successfully-formed spin-out subsidiary, PanPacific International (http://finance.yahoo.com/news/The-Amergence-Group-Creates-iw-3411544565.html?x=0&.v=1), we are extremely excited to be working with Brian Cook and AO Licensing. I believe that the combination of our resources will produce a huge winner for both Amergence, their shareholders, and Altitude Organic.”

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