SOURCE: Favored, Inc.

September 20, 2006 08:30 ET

Favored®, Inc. Announces LOI to Acquire Favored® Seed, LLC

WEST LAFYETTE, IN -- (MARKET WIRE) -- September 20, 2006 --FAVORED®, INC. (PINKSHEETS: FVRD) announced today that it has entered into a letter of intent to acquire one hundred percent of the membership interest of Favored® Seed, LLC.

As consideration, Favored®, Inc. will issue a total of 676,483 common shares of its capital stock, restricted pursuant to Rule 144, to the members of Favored® Seed, LLC.

Favored® Seed, LLC, an Indiana Limited Liability Company, is in the business of supplying Non Genetically Modified Hybrid Corn Seed and Non Genetically Modified Soya Bean Seed with specialty output traits. These grains continue to be in high demand, particularly for exports to Europe and Asia. Favored® Seed will endeavor at every opportunity to fulfill this immense market opportunity for specialty food grade products.

Favored® Seed is currently expanding its contract corn seed production by over 25% for the 2007 sales season. This continued growth will serve the demand of our current and future client base who utilize this product, while strengthening our presence in this niche.

Dr. Claude Page, CEO, further commented that, "acquiring Favored® Seed completes an important link in the implementation of the Patent Pending Favored® System. This acquisition will further enable us to tailor our production and operations to meet our customers' future demands and requirements, while ensuring full ingredient traceability. By having control of this operation, Favored® strengthens its position in the global marketplace as a trusted source for specialty food ingredients."

About Favored®, Inc.

The All Natural FAVORED® System delivers food products managed with the assurance of being completely traceable from origin to consumer or from "seed to plate." This system focuses on the traits that consumers desire; which are products free from added growth hormones, antibiotics and Genetically Modified grains. FAVORED® participates in this market segment that represents approximately 33% of the U.S. population. These consumers buy natural/organically grown foods and the organic/natural food sales exceed $30 billion each year.

For more information on FAVORED®, please visit www.favoredgrain.com and www.favored.tv

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements can be identified by the lead-in "Looking Forward." These statements are not guarantees of future performance and involve significant risks and uncertainties. Actual results may vary materially from those in the forward-looking statements as a result of the effectiveness of management's strategies and decisions, general economic and business conditions, new or modified statutory or regulatory requirements, and changing price and market conditions.

Contact Information