SOURCE: GroFeed Inc.

May 19, 2006 09:46 ET

GroFeed Announces Addition to Its Board of Advisors

BAY CITY, MI and TORONTO -- (MARKET WIRE) -- May 19, 2006 -- GroFeed Inc. (OTC: GFDI) announces the addition of Mr. Vern Avery, a prominent Agrologist and consultant to the animal feed industry, to its Board of Advisors. "We are pleased and honored that a person of Mr. Avery's impact has agreed to join GroFeed in his capacity as an advisor," said Mr. P. Henry Naskali, President and CEO of GroFeed. "Mr. Vernon C. Avery, Bsc.(AGR.),P.Ag. has extensive experience in the area of consulting on animal nutrition and health and his addition to the team is an important step forward for GroFeed," added Mr. Naskali.

"We are trying to build a team that has practical knowledge and experience in the area of animal health and nutrition or in the area of Business Development in GroFeeds industry, and Mr. Avery brings both to our board table," confirmed Mr. Naskali.

About GroFeed:

GroFeed manufactures enclosed hydroponic systems capable of producing 50 kilograms (110 lbs) to 1000 kilograms (2200 lbs) of fresh green barley feed (fodder) per day throughout the year at minimal cost. GroFeed products are offered from refrigerator-sized systems to 53-foot tractor-trailer sized systems. GroFeed markets its products as a means of feed supplementation for the animal feed industry.

Increased public and industry unease support market demand for an economically viable "organic" feed supply source. Animal feed quality, food supply safety and concerns relating to pesticide and veterinary drug residues in meat and poultry products are market demand drives making GroFeed systems an attractive means of producing affordable "green" feeds. GroFeed systems are suitable for use by Milk and Beef Producers; Stable and Racehorse Owners; Sheep, Pigs, and Chicken Operations; Zoos as well as for Sprout Farms for Human Consumption.

With increased market demand for more natural products, GroFeed offers simple and cost effective green feed solutions.

GroFeed Inc. is a Bay City, Michigan and Toronto-based company with manufacturing facilities near London, Ontario.

Forward-Looking Statements

The information contained herein regarding risks and uncertainties, which may differ materially from those set forth in these statements, in addition to the economic, competitive, governmental, technological and other factors, constitutes a "forward-looking statement" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, the Private Securities Litigation Reform Act of 1995. While the company believes that the assumptions underlying such forward-looking information are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the forward-looking information will prove to be accurate. Accordingly, there may be differences between the actual results and the predicted results, and actual results may be materially higher or lower than those indicated in the forward-looking information contained herein.

Certain statements contained in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based on beliefs of management, as well as assumptions made by and information currently available to management. Forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from expected results. Forward-looking statements involve known and unknown risks and uncertainties, which may cause GroFeed Inc. actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, volatility of commodity prices, product demand, market competition and risks inherent in GroFeed Inc. operations.

Contact Information

  • GroFeed Inc.
    120 Eglinton Avenue East, Suite 500
    Toronto, Ontario M4P 1E2
    T. 416.322.2931
    F. 416.322.3129

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