SOURCE: US Farms, Inc.

March 22, 2007 06:00 ET

US Farms, Inc. Purchases All Existing Plant Inventory of Palm Mountain Nursery

SAN DIEGO, CA -- (MARKET WIRE) -- March 22, 2007 -- March, 22, 2007 US Farms, Inc. (OTCBB: USFI) a commercial Farming and Nursery Grower, announced today that it has acquired all of the existing Plant inventory of Palm Mountain Nursery located in Vista, California. This Plant inventory has been acquired through US Farms, Inc. wholly owned subsidiary, American Nursery Exchange, Inc. (ANE), in exchange for cash on a note basis. With this particular Plant inventory purchase, ANE immediately becomes one of the largest growers and suppliers of Rare and Exotic Palm Trees and Cycads on the West Coast. Management believes that the wholesale value of this transaction is well in excess of $1,500,000.

Yan K. Skwara, President of US Farms, Inc. stated, "Our goal at US Farms, Inc. is to continue to increase our current inventories on all plants and crops thus increasing sales and profits. This particular Plant inventory purchase does just that as the plants and crops that we invest in continue to have high demand on the sales side through National Nursery and Produce Retailers and Brokers. Additional opportunities with different Plants and Crops continue to become available as we are very excited about the multiple opportunities that are in front of US Farms, Inc. as we speak. Making prudent investments in niche Crop and Nursery markets will continue to be our philosophy and strategy. At the end of the day, building shareholder value long-term is our commitment."

About US Farms, Inc.

US Farms, Inc. is a diversified agriculture company. The company grows, markets and distributes 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

    Investor Relations
    Stock Services LLC.
    Alan Klitenic