SOURCE: US Farms, Inc.

March 06, 2007 06:00 ET

US Farms, Inc. Announces Favorable Results for Ethanol Plant Feasibility Study

SAN DIEGO, CA -- (MARKET WIRE) -- March 6, 2007 -- US Farms, Inc. (OTCBB: USFI) today announced it has received favorable results from a feasibility study conducted on its proposed dry-mill fuel ethanol production facility in Southern California. The report was conducted by BBI International, a Salida, Colo.-based independent Biofuels service firm.

The study found that the proposed facility in the Imperial Valley located in Southern California combines the advantages of a large local ethanol market with an ethanol selling price above the national average with the opportunity to sell distillers grains into a local cattle feed market. Distiller's grains is a coproduct of the ethanol production process.

The proposed plant site is situated well in terms of Ethanol and coproduct markets, transportation networks, utilities, labor pools and community services, the study found. Local market opportunities are significant and should be capable of absorbing the entire production of the proposed plant.

"We are pleased with the favorable results of the Ethanol feasibility study," said Yan K. Skwara, President of US Farms, Inc. "The project would enhance economic development by becoming a value-added processor of agricultural products and providing jobs in the region."

US Farms' next steps include securing permitting specialists, establishing Ethanol and distiller's grains marketing relationships, developing a grain procurement plan and a risk management strategy for the operation of the plant.

About US Farms, Inc.

US Farms, Inc. is a diversified agriculture company. The company has commenced the production and distribution of horticultural products through a number of subsidiaries. The 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 its nursery and specialty produce businesses. Currently the company has subsidiaries which provide a full range of products including Aloe Vera, Cactus, Succulents, Jade, Rare and Exotic Palm Trees and Cycads along with produce products that include Aloe Vera, Asparagus, Tomatoes and Wheat grass. In 2007 the company plans to add over 100 specialty niche produce items to it offerings.

For more information, 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
    or 800-845-9133
    Fax: 858-488-2828

    Stock Services LLC
    Alan Klitenic