LAS VEGAS, NV--(Marketwire - Oct 11, 2012) - PacWest Equities, Inc. (PINKSHEETS: PWEI) today announced its entry into the $50 Billion a year Organic Food Production market with an initial purchase order for 5 units of its wholly owned subsidiary World Eco Source Corp.'s MobileFeed® trailers to be delivered on the Big Island of Hawaii for K. Hill Livestock, a family-owned cattle and swine operation. "Today signals our first foray into this exciting, worldwide market, as we are now able to bridge the large gap between 'Organic' and 'Grass-fed' beef, finally giving consumers what they want, organically grown, grass fed livestock delivered to their dinner table in an economical fashion," stated CEO Geoffrey Bagatelos.
With the purchase of the units, K. Hill Livestock will now supply a self- sustainable feed supply to hobby animals as well as livestock for consumption. Hawaii has limited resources available for large scale feeding operations that force the import of expensive feed stock, and this agreement will allow for ample amount of feed to supply a large herd and stabilize fluctuating expenses of import due to volatile fuel costs, a problem faced by most of the worldwide market in today's economy.
The World Eco Source MobileFeed® and MobileFood® units provide turnkey systems for either the production of livestock-based consumables or human-based protein and vegetable consumables, in even the harshest growing environments. The MobileFeed® units are truly a sustainable green life cycle farming system using solar powered and water conservation growing systems.
About PacWest Equities, Inc.
PacWest Equities, Inc. specializes in working with under performing companies and bringing together the resources needed for them to attain financial stability and growth. Our focus is on companies showing a positive upside while struggling to bring new bio-technologies and unique products to market.
About World Eco Source Corp.
The World Eco Source MobileFeed® and MobileFood® units provide turnkey systems for either the production of livestock-based consumables or human-based protein and vegetable consumables. The MobileFeed® units are truly a global sustainable, green life cycle farming system. Using both solar power and water conserving growing systems, one trailer can produce 1,500 pounds daily of organically grown grass for year round livestock consumption, thus lowering feed costs by 80% while producing Certified Organic, Grass Fed livestock and increasing profitability of the final product.
The MobileFood® units enable the rapid production of certified, organic vegetables and proteins for humans through life cycle harmonic integration of fish farms and hydroponic vegetables, with one half of the system feeding/fertilizing the other half, and vice versa. Raising Tilapia side-by-side with vegetables and using the same water from the fish to fertilize the greens is not something new, but by combining the hydroponic know-how with World Eco Source patented technologies, the outputs have finally become commercially feasible.
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.The words or phrases "would be," "would allow," "intends to," "will likely result," "are expected to," "will continue," "anticipate," "expect," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "considers," or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. These include the Company's historic lack of profitability, end user customer acceptance and actual demand, which may differ significantly from expectations, the need for the Company to manage its growth, the need to raise funds for operations and other risks within the regulation of the industry. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company's past performance is not necessarily indicative of its future performance. The Company does not, undertake, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, events or circumstances after the date of such statement.