SOURCE: US Farms, Inc.

September 18, 2006 06:00 ET

US Farms, Inc. Engages Ascendiant Securities for Investment Banking Services

SAN DIEGO, CA -- (MARKET WIRE) -- September 18, 2006 -- US Farms, Inc. (OTCBB: USFI) today announced its engagement of Ascendiant Securities LLC, a nationally ranked investment banking firm and registered broker-dealer. Ascendiant will, on a best efforts basis, introduce US Farms, Inc. to its network of institutional and accredited investors while providing related advisory services.

Yan K. Skwara, US Farms, Inc. President, expressed his pleasure in working with a knowledgeable and experienced corporate finance firm that has a proven history of placing institutional investment capital in emerging growth companies. "With Ascendiant's assistance, we look forward to sharing our story with the institutional side of the street and believe that our Company's recent positive business developments make this an opportune time to initiate these activities."

About Ascendiant Securities LLC

Ascendiant Securities LLC is a nationally ranked investment banking firm, registered as a broker-dealer with the Securities and Exchange Commission (SEC), and a member of the NASD and SIPC. Ascendiant provides investment banking and corporate finance services to its emerging public and private clients. These services include equity private placements of preferred and common stock, senior and subordinated debt financing, working capital facilities, and bridge financing. In 2005, Ascendiant was ranked among the ten most active placement agents in the United States for PIPE (private investments in public equities) financing transactions as reported by Sagient Research Systems, a leading industry tracking organization. More information is available at www.ascendiant.com.

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 http://www.usfarmsinc.com. 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 Skwara
    President
    Tel: 858-488-7775
    Fax: 858-488-2828