SOURCE: Tailor AquaPonics Worldwide

June 08, 2007 12:30 ET

Tailor AquaPonics Worldwide Changes Status

LAS VEGAS, NV--(Marketwire - June 8, 2007) - Effective June 11, 2007 Tailor AquaPonics Worldwide (PINKSHEETS: TQWI) has ended its agreement with Tailor Fish Farms of Australia. The agreement had called for exclusivity on worldwide rights to the Australian technology. Russell Glass, acting President of TQWI stated: "Although I have not been part of the TQWI effort to secure financing, I am aware of the extreme naked shorting of the TQWI stock, which has prevented the investment capital in which to meet the company obligations with the Australian Company. Accordingly, we plan to continue to complete the original USA plan on a non-exclusive basis, which means we will pay Tailor Fish Farms for their technology at their quoted rate based on our ability to raise necessary capital."

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.

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