SOURCE: US Farms, Inc.

March 14, 2011 20:43 ET

US Farms, Inc. Announces Change in Management

SAN DIEGO, CA--(Marketwire - March 14, 2011) - US Farms, Inc. (PINKSHEETS: USFM) announced the appointment of Jim Farooquee as the company's president, chief executive officer, chief financial officer and chairman of the board of directors, replacing Yan Skwara, effective March 8, 2011. In addition, effective March 9, 2011, the company accepted the resignations of Rick Hogan as the company's chief operating officer and member of the board of directors. At this time, no one has been chosen to fill the vacancies left by the resignations of Mr. Hogan and Jim Farooquee is the company's sole officer and director.

Mr. Farooquee has been an entrepreneur for over 30 years; building his high tech firm with a $12,000 in investment in 1983 to over $400,000,000 in 1994 as the CEO sold his position of New York Stock exchange listed company. Mr. Farooquee brings vast knowledge of mergers and acquisitions and strategic partnerships with like minded investors and financial partners. His extensive background in Green Energy technologies and Real Estate project development gives him the ability to bring together the right people, talents and products-technologies into practical projects. Mr. Farooquee commented, "I am very excited about the opportunity that exists with US Farms. I intend to create some exciting opportunities for the company and its shareholders, as the company has a nice base to work from with its current wellness product line and more." 

Jim Farooquee started his carrier as an insurance and real estate agent in 1979. Founder and CEO of CMS Enhancements, Inc., a technology company started in 1981 with $12,000 and became public in 1987 and traded on NY stock exchange. In 1994, Mr. Farooquee retired from the company and sold his interest to investors. The revenue at his retirement was $400 million plus.

During Mr. Farooquee's tenure, CMS Enhancements, Inc. enjoyed global operations, Manufacturing in Singapore, China and Taiwan, Sales offices in Germany, France, USA, Australia and UK.

Having years of experience running a public company, Mr. Farooquee negotiated multi million dollar deals and brought several rounds of investments dollars worth over one hundred million dollars to the company. An expert in mergers, acquisitions, financing and investment strategies, Mr. Farooquee feels right at home to provide assistance, support and reinforcement to US Farms, Inc.

About US Farms, Inc.
US Farms, Inc. is a marketer of a variety of wellness products. The company markets and sells Aloe-Vera based consumer wellness products including Aloe365™ Juice, Aloe365™ Natural Soap, Aloe365™ Gel and Aloe365™ Lip Balm. 

Please visit www.usfarmsinc.com for more information.

Statements about US Farms, Inc. future expectations, including future revenues and earnings, and all other statements in this news release other than historical facts are "forward-looking statements." Since these statements involve risks and uncertainties and are subject to change at any time, the company's actual results may differ materially from the company's plans if its assumptions prove to be incorrect or for a variety of other reasons.

Contact Information

  • Contact:

    US Farms, Inc.
    Investor Relations
    858-213-4153
    Email Contact