SOURCE: US Farms, Inc.

September 19, 2006 06:00 ET

US Farms, Inc. Announces Establishment of California Produce Exchange Subsidiary

SAN DIEGO, CA -- (MARKET WIRE) -- September 19, 2006 -- US Farms, Inc. (OTCBB: USFI) announced today it has established a wholly owned subsidiary dedicated to becoming a leading supplier of produce in California. The wholly owned subsidiary has been named California Produce Exchange, Inc. (CPE) and already has been fully registered with the State of California.

Yan K. Skwara, Chairman and President of US Farms, Inc., stated, "The mission of California Produce Exchange, Inc. is to supply quality CPE branded produce to our customers worldwide. The company is committed to consistently providing safe, high-quality fresh fruit, and vegetables, while protecting the environment in which its products are grown."

Several months ago, US Farms, Inc. management began discussing the need to establish a full service produce company. The company will utilize its contacts in its current agriculture business to begin building its fresh market Produce business. The company's management believes this produce exchange operation will be the fastest growing segment of its business in 2007. California Produce Exchange (CPE), through a contract growing agreement, will be one of the largest domestic growers of Asparagus in Q1-2007.

About California Produce Exchange, Inc.

California Produce Exchange is in the business of growing and supplying produce to our customers worldwide. The company works with a dedicated team of worldwide growers, packers, processors and shippers. California Produce Exchange is committed to consistently providing safe, high-quality fresh fruit, and vegetables, while protecting the environment in which its products are grown. California Produce Exchange is currently one of the largest; if not the largest grower of domestic grown Asparagus from January thru the end of March.

About US Farms, Inc.

US Farms has recently engaged in a number of diverse agriculture business activities. US Farms has commenced the production and distribution of horticultural products through a number of subsidiaries. The company's horticultural products are sold through supermarkets, home centers, retail merchandisers, garden centers, re-wholesalers, and landscapers throughout the United States and Canada. Through internal growth and strategic acquisitions the company is expanding its market share in the produce space. Currently the company is packing, shipping and marketing Aloe Vera as a produce product through one of its subsidiaries.

For more information on US Farms, please visit US Farms, Inc. is publicly traded on the over-the-counter market under the ticker symbol USFI.

"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that are subject to risk and uncertainties, including, but not limited to, our inability to acquire and or build an ethanol production facility, the impact of competitive products, product demand, market acceptance risks, fluctuations in operating results, political risk and other risks detailed from time to time in US Farms, Inc.'s filings with the Securities and Exchange Commission. These risks could cause US Farms, Inc.'s actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, US Farms, Inc.

Contact Information

  • Contact:
    US Farms, Inc.
    Yan K. Skwara
    Tel: 858-488-7775
    Fax: 858-488-2828