Algae Farm (USA) 1Q12 Update
HOUSTON, April 3, 2012 /PRNewswire/ — Algae Farm (USA), Inc. (Pink Sheets: ALGF), announces that it has completed development of its proprietary Algapond indoor algae production system. This unique system is modular and scalable and can be used indoors anywhere where water and power are available. Algapond utilizes customized LED lighting, proprietary water movement and contamination features in both 200 and 400 gallon Algapond versions. “ALGF’s technology and processes, specifically, growing and harvesting high yield predictable, reliable, scalable and sustainable algal biomass, algae oil and residual biomass in an indoor climate controlled environment separates us from our present competitors. Our technology is ready for commercialization and we are actively searching for viable strategic alliances and partnerships in the nutraceutical, cosmetic, bio-plastic and bio-fuel market sectors,” said Rick Berman, President and CEO.
About Algae Farm (USA)
ALGF is a development stage biotechnology developer of processes and systems that produce high yield, predictable, reliable, scalable and sustainable algal biomass, algae oil and residual biomass and in an indoor climate controlled environment. The Company’s website is www.algaefarm.org, the contents of which are not incorporated by reference herein.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and as such, may involve risks and uncertainties. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations, are generally identifiable by the use of words such as “believe,” “expect,” “intend,” “anticipate,” “estimate,” “project,” or similar expressions. These forward-looking statements relate to, among other things, expectations of the business environment in which the Company operates, projections of future performance, potential future performance, perceived opportunities in the market, and statements regarding the Company’s mission and vision. The Company and all affiliated parties do not assume any duty to publicly update or revise the material contained herein.
Contact: Rick Berman
SOURCE Algae Farm (USA), Inc.