Thursday July 17, 2008
SAN DIEGO, CA -- (MARKET WIRE) -- July 17, 2008 -- US Farms, Inc. (OTC BB : USFI.OB ) a diversified commercial Farming and Nursery company announced today that effective Friday, July 18, 2008, its new quotation symbol on the Over-the-Counter Bulletin Board will be USFM as a result of a 1-for 25 reverse split of its common stock. The Board of Directors approved the 1-for-25 reverse split of its common stock on June 30, 2008. Pursuant to the reverse split, holders of the Company's common stock are deemed to hold one (1) post-split share of the Company's common stock for ever twenty-five (25) shares of the Company's issued and outstanding common stock as classified immediately prior to the close of business on the Effective Date. No fractional shares of the Company's common stock will be issued in connection
with the reverse split.
Yan Skwara, CEO of US Farms, Inc. stated, "This recapitalization is a part of our continued strategy to move the company in a forward direction. Management believes with this new capital structure, it will be better suited to support the successful execution of its overall business strategy."
About US Farms, Inc.
US Farms, Inc. is a diversified commercial Farming and Nursery company. The company grows, markets and distributes horticultural products through a number of wholly owned subsidiaries. Horticultural products are sold through supermarkets, home centers, retail merchandisers, garden centers, re-wholesalers, and landscapers throughout the United States and Canada. Through its subsidiaries, the Company provides a full range of products including Aloe Vera, Cactus, Succulents, Jade, Rare and Exotic Palm Trees and Cycads.
For more information on US Farms, Inc., please visit http://www.usfarmsinc.com. US Farms, Inc. is publicly traded on the over-the-counter market under the a new quotation symbol of USFM, effective July 18th, 2008.
Safe-Harbor
Forward-looking statement: Except for historical information, this press release contains forward-looking statements, which reflect the Company's current expectation regarding future events. These forward-looking statements involve risks and uncertainties, which may cause actual results to differ materially from those statements. Those risks and uncertainties include, but are not limited to, changing market conditions and other risks detailed from time to time in the Company's ongoing quarterly filings, annual information form, and annual reports. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking events in this press release might not occur.
Contact:
US Farms, Inc.
Tel: 858-488-7775 Ext 101 or 800-845-9133
Fax: 858-488-2828
Email: info@usfarmsinc.com
Website: http://www.usfarmsinc.com
Investor Relations:
Flagler Communications, an affiliate of OTC Financial Network
Jamie Dryer
Tel: 561-837-8057
http://www.otcfn.com/usfi
Source: US Farms, Inc.
