SOURCE: Tailor Aquaponics Worldwide, Inc.

February 27, 2007 14:58 ET

Tailor AquaPonics Issues Status Report on Mandatory Share Exchange

LAS VEGAS, NV -- (MARKET WIRE) -- February 27, 2007 -- Tailor AquaPonics Worldwide, Inc. (PINKSHEETS: TQWD) issued a further update today on the previously announced mandatory share exchange reported January 10, 2007.

Through analysis of our shareholders lists, including our tally of shares already received as part of the exchange, and our analysis of how many and where the outstanding shares in TQWD are being held, a discrepancy was identified between the number of shares on these lists and the number of shares being traded in the market -- information that is readily available to the Company in DTCC activity lists.

Recent trading activity further confirms the results of our analysis.

More information on the share exchange and the above mentioned activity will be made available as soon as possible.

About Tailor AquaPonics Worldwide:

Tailor AquaPonics Worldwide, Inc. owns a controlling interest in the international growth and development rights to Tailor Made Fish Farms, an Australian-based company that has developed a technology-driven, land-based, modular fish production system. The Company's cutting-edge system is both fully sustainable and environmentally responsible, thus enabling Tailor to maintain an ecologically safe and friendly environment while producing large volumes of significantly more healthy (than conventional methods) farmed fish. The Tailor system is capable of producing premium fish and vegetables -- via built-in hydroponics -- year round; Results achieved through compact, controlled production areas that utilize significantly less water than conventional fish farming methods.

Tailor AquaPonics Worldwide, Inc. -- the Symbiotic Union of Aquaculture and Hydroponics. More information is available by visiting: http://www.tailoraquaponicsinc.com/.

Safe Harbor Statement:

Except for historical information contained herein, the matters set forth above may be forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ from those in the forward-looking statements. Words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the current beliefs of management, as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors such as the level of business and consumer spending, the amount of sales of the Company's products, the competitive environment within the industry, the ability of the Company to continue to expand its operations, the level of costs incurred in connection with the Company's expansion efforts, economic conditions in the industry and the financial strength of the Company's customers and suppliers. The Company does not undertake any obligation to update such forward-looking statements. Investors are also directed to consider all other risks and uncertainties.

Contact Information

  • Contact:
    Ron Almadova
    President
    (702) 387-2488