LAS VEGAS, NV--(Marketwire - Nov 12, 2012) - PacWest Equities, Inc. (PINKSHEETS: PWEID) through its subsidiary, World Eco Source Corp. ("WES"), announced today the signing of a Teaming Agreement with K. Hill Livestock as an exclusive dealer for the state of Hawaii for WES' proprietary MobileFeed® and MobileFood® units. Both parties involved recognize the demand for a sustainable economical and reliable feed source for not only livestock, but also for human inhabitants on the under developed areas of rural Hawaii. The units will be shipped to Kawaihae Harbor and distributed from Kailua-Kona, HI. "We see tremendous growth potential throughout all of the Pacific Islands including US territories of Samoa and Saipan, where populations and livestock are heavily dependent on import of goods," stated Mr. Geoffrey Bagatelos, President of PacWest Equities, Inc. He added, "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."
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 sustainable green life cycle farming system. Using solar powered and water conservation growing systems, one trailer can produce 1500 pounds daily of organically grown grass for year round livestock consumption, lowering feed costs by 200% while producing Certified Organic, Grass Fed livestock, 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. Growing 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.