US Farms, Inc. Announces Nursery Fulfillment Agreement with Morgan Creek Tropicals
Wednesday March 26, 2008
SAN DIEGO, CA -- (MARKET WIRE) -- Mar 26, 2008 -- US Farms, Inc. (OTC BB : USFI.OB ) a diversified commercial Farming and Nursery company, announced today that it has entered into a fulfillment agreement with Morgan Creek Tropicals, an affiliate of Morgan Creek Tropicals, Ltd, a modern wholesale supplier of indoor Tropical Plants and Nursery Stock. The agreement calls for US Farms, Inc. to immediately establish a fulfillment center to effectively house plant inventory and service a large retail nursery customer of Morgan Creek Tropicals. Shipments have already been initiated.
Yan K. Skwara, President of US Farms, Inc., stated, "We are excited about our recent fulfillment agreement with Morgan Creek Tropicals. We anticipate revenues and resulting profits can be generated in a reasonable timeframe by servicing an established retail customer of Morgan Creek Tropicals. We will dedicate existing greenhouse space at our Valley Center, California location to ensure a seamless supply chain. Our Nursery operations are turn-key, and require minimal cash outlay to immediately begin accommodating Morgan Creek Tropical. We will utilize our existing capacity at our five acre greenhouse facility to house different plants and plant material that will be used to service a specific retail customer. Over the next six to eighteen months, our shareholders will see the value of this new relationship as we continue to grow our high-margin nursery business."
About Morgan Creek Tropicals
Morgan Creek Tropicals is a modern, wholesale supplier of indoor tropical plants for today's lifestyles (consumer needs). We also grow and supply fresh blueberries, potted blueberry plants, and nursery stock to the wholesale trade and farming community.
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. The horticultural products are sold through supermarkets, home centers, retail merchandisers, garden centers, re-wholesalers, and landscapers throughout the United States and Canada. Through internal growth and strategic acquisitions the company is expanding its market share in its nursery and specialty produce businesses. Currently the company has subsidiaries which provide a full range of products including Aloe Vera, Cactus, Succulents, Jade, Rare and Exotic Palm Trees and Cycads along with Produce products that include Aloe Vera, Asparagus, Tomatoes and Garlic.
For more information on US Farms, Inc., please visit http://www.usfarmsinc.com.
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that are subject to risk and uncertainties, including, but not limited to, our inability to acquire and or build an ethanol production facility, the impact of competitive products, product demand, market acceptance risks, fluctuations in operating results, political risk and other risks detailed from time to time in US Farms, Inc.'s filings with the Securities and Exchange Commission available at www.sec.gov. These risks could cause US Farms, Inc.'s actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, US Farms, Inc. This is not an offer to buy or sell securities. Information or opinions in this release are presented solely for informative purposes, and are not intended nor should they be construed as investment advice.
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, Ext. 2
http://www.otcfn.com/usfi
Source: US Farms, Inc.
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