Tailor AquaPonics Announces Changes
May 30, 2007 09:03:02 (ET)
LAS VEGAS, NV, May 30, 2007 (MARKET WIRE via COMTEX) -- Tailor AquaPonics Worldwide, Inc. (PINKSHEETS: TQWI) announced today several changes in its direction of developing enclosed fish yielding facilities and hydroponic by-products. Tailor has appointed Russel Glass as its interim president while final financing for the company is completed. Mr. Glass has an undergraduate degree from the University of Alabama, and has spent the bulk of his working career in hotel management, food service, and retail operations. Mr. Glass has agreed to head the company for the interim period leading to the capital needs to TQWI. Further, the company has decided to focus exclusively on North American expansion and is working with its Australian associate to finalize these new priorities.
About Tailor AquaPonics Worldwide:
Tailor AquaPonics Worldwide, Inc. owns a controlling interest in the international growth and development rights to Tailor Made Fish Farms, a company that has developed a technology-driven, easy to operate, land-based modular fish production system. This cutting-edge system is both sustainable and environmentally responsible in keeping with the spirit of maintaining an environmentally safe and friendly solution while producing high volumes of superior and healthier farmed fish. This allows an overwhelming production of 'year-round' premium quality fish and vegetables, achieved through compact and controlled production areas using much less water than conventional methods. Our technique conserves water, is environmentally responsible, provides fresh health products and provides two crops from a single water uptake.
Safe Harbor Statement:
Except for historical information contained herein, the matters set forth above may be forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ from those in the forward-looking statements. Words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the current beliefs of management, as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors such as the level of business and consumer spending, the amount of sales of the Company's products, the competitive environment within the industry, the ability of the Company to continue to expand its operations, the level of costs incurred in connection with the Company's expansion efforts, economic conditions in the industry and the financial strength of the Company's customers and suppliers. The Company does not undertake any obligation to update such forward-looking statements. Investors are also directed to consider all other risks and uncertainties.
Contact:
Investor Relations
702-493-7972
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