ISMG to Purchase Aloe Vera Farming Operations
Tuesday June 6, 11:43 am ET
SAN DIEGO, CA--(MARKET WIRE)--Jun 6, 2006 -- US Farms, Inc. (ISMG) is pleased to announce the Company entered an agreement to acquire Aloe Vera farming operations in Southern California. The assets subject to the agreement include approximately 600,000 Aloe Vera plants, several thousand potted Aloe Vera plants that are ready for immediate resale, and farming equipment related to the Aloe Vera operations. ISMG will lease the real property necessary to conduct its nursery and farming operations.
The Aloe Vera plant is used in many consumer products. The whole Aloe Vera leaf is available in many grocery stores and is used in cooking, juices and skin care. Commercially, the Aloe Vera leaf is used in beauty aids, dietary supplements, juices, skin care products and sunscreens. The applications for the Aloe Vera leaf and the gel inside the leaf are vast.
ISMG's President Yan Skwara stated, "ISMG management is pleased to execute this purchase agreement as we anticipate generating revenues from the Aloe Vera operations shortly after closing.
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.
