ISMG Announces National Nursery Brokerage Division
Monday June 5, 6:00 am ET
SAN DIEGO, CA--(MARKET WIRE)--Jun 5, 2006 -- US Farms, Inc. (ISMG) is pleased to announce the Company has established a Nursery Brokerage Division called American Nursery Exchange (ANE). ANE will begin operations today and intends to supply horticulture products to the grocery, garden center and home improvement industries on a national level.
ANE has leased its first facility located in North County San Diego, California, a 100,000 sq. ft. green house and 10,000 sq. ft. warehouse which will be used for growing as well as staging orders for its customers.
According to the California Association of Nurseries and Garden Centers, California is the number one state for both nursery and floral crop production and retail sales for the industry. California dominates the nation's lawn and garden industry ringing up $3.44 billion in production sales and $10.32 billion in retail sales during 2004, approximately 21 percent of national retail sales. The state's wholesale production represents 21.3 percent of nation's production. The association represents the 3rd largest agricultural crop in California but when combined with floral products, it is the second largest crop in the state. Florida is second with an 11.9 share of the nation's production.
American Nursery Exchange believes it can capture a large share of business by focusing on it customers needs and by focusing on niche markets within the industry.
ISMG's President Yan Skwara stated, "ANE will give ISMG a footprint in the Floriculture Industry as discussed in our March 29, 2006 press release. ISMG anticipates generating revenues from this operation during Q3 2006. I believe this is a great start to the foundation for what we believe is a very significant market opportunity for our shareholders."
ISMG's management has been listening to the industry retailers and believes there has never been a greater need. ANE intends to build a nationwide sales staff and national distribution capabilities to service its customers.
American Nursery Exchange is in the process of setting up its website, which can be found at www.american-nursery-exchange.com.
About ISMG
ISMG is a fully reporting publicly traded corporation. ISMG intends to engage in the production and distribution of horticultural products. ISMG intends to supply various plants, and container-grown plants through a leased nursery and farm facility located in Southern California. ISMG may sell its products to home centers, retail merchandisers, independent garden centers, garden center chains, rewholesalers, and landscapers throughout the United States.
Safe Harbor Forward-Looking Statements
Statements contained in this release that are not strictly historical are "forward-looking" statements. The forward-looking statements are made based on information available as of the date hereof, and the company assumes no obligation to update such forward-looking statements. Editors and investors are cautioned that such forward-looking statements invoke risk and uncertainties and the company's actual results may differ from these forward-looking statements. Such risks and uncertainties include but are not limited to demand for the company's products and services, our ability to continue to develop markets, general economic conditions, our ability to secure additional financing for the company and other factors that may be more fully described in reports to shareholders and periodic filings with the Securities and Exchange Commission.
