SOURCE: US Farms, Inc.

February 20, 2007 06:00 ET

US Farms, Inc. Signs Five-Year Lease Agreement for Nursery Facility in Southern California

SAN DIEGO, CA -- (MARKET WIRE) -- February 20, 2007 -- US Farms, Inc. (OTCBB: USFI) today announced it has signed a five-year lease agreement for approximately 14 acres through its wholly owned subsidiary American Nursery Exchange, Inc. This Nursery Facility is located in Rainbow, CA and will be used for the company's Jade Plant production and stock fields.

Yan K. Skwara, President of US Farms, Inc., stated, "This is our second leased out nursery facility in San Diego County that we have locked up to insure the Company's continued future growth. With the best plant growing climate conditions in the country, we have strategically identified and added this 14-acre nursery to complement our existing facilities which include our 5-acre nursery in Valley Center, Ca. This newly leased facility alone can conservatively add an additional $800,000 in revenue over the next twelve months to our top line with profits in the 30-40% range. It will also enable US Farms, Inc. to be one of the largest Jade Plant growers in the US, which are sold in numerous retail nurseries across our region."

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 on US Farms, Inc., 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

    Stock Services LLC
    Alan Klitenic