SOURCE: US Farms, Inc.

January 08, 2007 12:10 ET

/ CORRECTION - US Farms, Inc. Releases Pro-Forma Revenue Projections for 2007-2009

SAN DIEGO, CA -- (MARKET WIRE) -- January 8, 2007 -- In the news release, "US Farms, Inc. Releases Pro-Forma Revenue Projections for 2007-2009," issued earlier today by US Farms, Inc. (OTCBB: USFI), we are advised by the company that a financial table should be included in the press release. Complete text, including the financial table, follows.

US Farms, Inc. Releases Pro-Forma Revenue Projections for 2007-2009

SAN DIEGO, CA -- 01/08/2007 -- US Farms Inc. (OTCBB: USFI), a commercial Farming and Nursery operator, announces revenue forecasts for YE 2007-2009. The Company and its subsidiaries have provided the 3-year consolidated projections based upon ongoing operations, existing trends and management's perspective regarding future conditions. The company's management is focused on strategic planning, mergers and acquisitions to become the leader in several other agriculture specific markets in 2007. The wholly owned subsidiaries of US Farms, Inc. include:

--  American Aloe Vera Growers, Inc. (AAVG) -- is one of the largest
    growers and suppliers of domestic Aloe Vera. We grow, pack, and ship Aloe
    Vera Plants, Aloe Vera Produce, and Bulk Aloe Vera Leaves to many brokers,
    re-wholesalers and direct to many major retailers throughout the United
    States and Canada. Our facilities are dedicated to Aloe Vera production,
    which has enabled us to be the leader in Aloe Vera in North America.
--  American Nursery Exchange, Inc. (ANE) -- is in the business of
    supplying horticulture products to the grocery, garden center, home
    improvement industries and mail order on a national level. The company has
    leased its first facility located in North San Diego County, California, a
    100,000 sq. ft. green house facility along with a 10,000 sq. ft. warehouse
    which will be used for growing as well as staging orders for its customers.
--  California Produce Exchange, Inc (CPE) -- is in the business of
    growing and supplying produce to our U.S. customers and worldwide. The
    company works with a dedicated team of worldwide growers, packers,
    processors and shippers. California Produce Exchange is committed to
    consistently providing safe, high-quality fresh fruit, and vegetables,
    while protecting the environment in which its products are grown.
    California Produce Exchange is  one of the largest domestic growers of
    Asparagus during the first quarter of 2007.
--  Imperial Ethanol, Inc. (IE) -- US Farms recently established a wholly
    owned subsidiary dedicated to building a state-of-the-art ethanol
    processing facility in Imperial County, CA. US Farms management has
    initiated the due diligence process on the Ethanol industry as a whole and
    how it connects and correlates with its existing agriculture business.
    Management plans to utilize its resources and contacts in the agriculture
    sector to begin building its energy sector holdings. The Company has
    completed the project's "Pre-Feasibility Study." BBI International will be
    completing the "Feasibility Study," evaluating both sugarcane and corn as
    feed stocks, in January 2007. The company plans to initially construct a 35-
    50 million gallon (MGY) per year ethanol facility with capabilities of
    expanding production to 100 MGY.
Yan K. Skwara, President of US Farms, Inc., stated, The projections we have issued are a good indicator for where we will be in the future in terms on our forward numbers and business activities. Currently, we our in the middle of our harvest of our Asparagus located in Imperial Valley, Ca which is being cut as we speak and being packaged and delivered to several different retail supermarket chains and produce brokers across the US. Just the first quarter alone, we anticipate over 2M in sales, which would be a combination of our asparagus sales coupled with our Aloe Vera sales. We have added growing several plants and crops for the upcoming quarters which will kick in shortly as we continue to grow and diversify. We are very excited about our future prospects and will continue to keep our shareholders updated on our financial progress on a regular basis.

About US Farms, Inc.

US Farms, Inc. is a diversified agriculture company. The company has commenced the production and distribution of horticultural products through a number of 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 Wheat grass. In 2007 the company plans to add over 100 specialty niche produce items to it offerings.

For more information, please visit US Farms, Inc. is publicly traded on the over-the-counter market under the ticker symbol USFI.

"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. 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.

To view the financial projections, click on the following link:

Contact Information

  • Contact:
    US Farms, Inc.
    Yan Skwara
    Tel: 858-488-7775
    Fax: 858-488-2828

    Investor Relations
    Stock Services LLC.
    Alan Klitenic
    Tel: 818-334-4469