Marijuana Holdings Americas Announces First License Awarded For Medical Marijuana Facility In Oregon

HOLLYWOOD, Fla., April 10, 2014 /PRNewswire/ -- Alternative Fuels Americas, Inc. (AFAI) announced today that its subsidiary Marijuana Holdings Americas, Inc. has been granted a provisional license to open a Medical Marijuana Facility (MMF) in Portland, Oregon. MJAI now has until May 20, 2014 to file its security and operational plans, upon which the State issues its certification so the MMF can begin lawful operations as MJAI's first Medical Marijuana Dispensary.

"We are pleased that our application has been approved. We plan for this to be the first of many," states CEO Craig Frank. "We have secured our lease and our security system installation and operations manuals are on schedule. We are completing the site improvements and ordering all store fixtures. Our plan is to develop a powerful and appealing brand and provide a friendly and knowledgeable consumer experience, making our MMFs the first choice for all medical marijuana patients in Portland."

This license marks the implementation of the Company's business plan that calls for activity in the legal marijuana sector in select states. The Company has also targeted states with pending legislation, including its home state, Florida, where a referendum on medical marijuana is schedule to be on the ballot in November.

"We have our game plan and what we believe to be a well-conceived strategy which we are thoughtfully executing," continues Mr. Frank, "This license is the fulfillment of our stated goal and demonstrates we have the will and the skill to execute."

In a related matter, the Company announces that it received $250,000 of institutional funding in the first quarter of 2014. These funds will be earmarked for the Company's subsidiary Marijuana Holdings Americas, Inc. The funding was an equity transaction and did not involve convertible debt.

About Alternative Fuels Americas (AFAI)

AFAI AFAI is a disruptive sectors company seeks to identify and enter early stage business opportunities that mark a significant change in the status quo from which to extract value for its shareholders. The company's alternative fuels division has pioneered the development of above ground oil fields in Central America and continues to innovate clean fuel - recently focusing on aviation fuel.

Marijuana Holdings Americas (MJAI)

AFAI's subsidiary, Marijuana Holdings Americas, Inc. was founded to enter the rapidly growing medical and recently legalized recreational marijuana market with the goal of securing new medical and recreational marijuana licenses, potentially acquiring existing Cannabis production/sales operations and evaluating related business opportunities, subject to legal compliance and advice of counsel.

IMPORTANT DISCLOSURE: AFAI and MJAI are planning execution of their stated business objectives in accordance with current understanding of State and Local Laws and Federal Enforcement Policies and Priorities as it relates to Marijuana (as outlined in the Justice Department's Cole Memo dated August 29, 2013), and plan to proceed cautiously with respect to legal and compliance issues. Potential investors and shareholders are cautioned that AFAI and MJAI will obtain advice of counsel prior to actualizing any portion of their business plan (including but not limited to license applications for the cultivation, distribution or sale of marijuana products, engaging in said activities or acquiring existing Cannabis production/sales operations). Advice of counsel with regard to specific activities of AFAI and MJAI, Federal, State or Local legal action or changes in Federal Government Policy and/or State and Local Laws may adversely affect business operations and shareholder value.

Forward Looking Statements

This press release includes statements that may constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect" or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, acceptance of the Company's current and future products and services in the marketplace, the ability of the Company to develop effective new products and receive regulatory approvals of such products, competitive factors, dependence upon third-party vendors, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.

Contact: Investor Relations: 561-210-7664

SOURCE Alternative Fuels Americas, Inc.