US Farms, Inc. Signs Four Year Sub-Lease Agreement for 20,000 Square Foot Produce Warehouse Facility Located in Los Angeles
Posted on: Wednesday, 10 October 2007, 06:00 CDT
US Farms, Inc. (OTCBB: USFI) today announced it has signed a four-year sub-lease agreement for a 20,000 square foot Produce Warehouse facility through its wholly owned subsidiary, California Produce Exchange, Inc. This Facility is located near the Los Angeles Produce Market, the heart of the produce business on the West coast and will be used exclusively for the company's Produce business.
Yan K. Skwara, President of US Farms, Inc., stated, "This facility will serve as the Company's Southern California Produce hub. This lease is critical in enabling our Produce business to grow and expand our distribution in the LA area as well as service our existing Produce customers. This facility will be a significant distribution point for the Produce food service side of our business and our West coast center for all Garlic sales."
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 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: US Farms, Inc. 800-845-9133 Or 858-488-7775 Pan American Relations Chuck Cibulka 858-213-4153
SOURCE: US Farms,Inc.
Source: MARKET WIRE
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