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Insight Management Corporation (ISIM.OTCBB) Acquires Plant Acadia Growing, Inc.
Press Release Source: Insight Management Corporation On Thursday December 9, 2010, 7:55 am
NEW YORK, NY--(Marketwire - 12/09/10) - Insight Management Corporation (OTC.BB:ISIM - News) ("ISIM"), trading on the Over the Counter Bulletin Board ("OTC.BB"), has completed the acquisition of Plant Acadia Growing, Inc. Plant Acadia Growing, Inc. is the parent company of Simpson Brothers Greenhouse, LLC, a retail greenhouse and wholesale farm supplier. Simpson Brothers Greenhouse, founded in 2004, is located in Ovid, MI. ISIM plans to operate this new acquisition as a wholly owned subsidiary.
Simpson Brothers Greenhouse, LLC owns two (2) acres of greenhouse and building area, as well as six (6) acres of agricultural property. The Company has year-to-date revenues of approximately $592,000 and average monthly sales in excess of $65,000.
Kevin Jasper, President of ISIM, remarked that: "This acquisition, along with the Company's recent acquisition of Simply Constructed, Inc. and its retail agreement with Nabisolar International, are important steps in advancing the financial recovery of the Company." Since Mr. Jasper has become President, the Company has changed direction from being focused on traditional fossil fuel extraction, to focusing on new green technologies from construction to organic horticulture.
ISIM is a development stage company engaged in green alternative methods of construction, farming and energy. Management believes this acquisition along with Simply Constructed will bring the Company growth and value to its shareholders.
