Green feeds a possible soluton to the mad cow problem, IMO. GFDI is one to watch this weeks and the coming months.
GroFeed Announces Development of an Innovative Heating/Cooling System
Wednesday December 7, 8:00 am ET
BAY CITY, MI and TORONTO--(MARKET WIRE)--Dec 7, 2005 -- GroFeed Inc. (Other OTC:GFDI.PK - News) is pleased to report that during the last 15 months it has been engaged in a revolutionary redesign of the previously successful growing unit system.
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A significant innovation is a heating/cooling system that uses a very environmentally safe gas, using no Freon type gases. This system will also be more economical to manufacture. "We are pursuing patent protection and expect that this will be beneficial for shareholders as this innovation has a variety of applications outside of the core business of GroFeed," stated P. Henry Naskali, President.
About GroFeed:
GroFeed manufactures enclosed hydroponic systems capable of producing 50 kilograms (110 lbs) to 1000 kilograms (2200 lbs) of fresh green barley feed (fodder) per day throughout the year at minimal cost. GroFeed products are offered from refrigerator-sized systems to 53-foot tractor-trailer sized systems. GroFeed markets its products as a means of feed supplementation for the animal feed industry.
Increased public and industry unease support market demand for an economically viable "organic" feed supply source. Animal feed quality, food supply safety and concerns relating to pesticide and veterinary drug residues in meat and poultry products are market demand drives making GroFeed systems an attractive means of producing affordable "green" feeds. GroFeed systems are suitable for use by Milk and Beef Producers; Stable and Racehorse Owners; Sheep, Pigs, and Chicken Operations; Zoos as well as for Sprout Farms for Human Consumption.
With increased market demand for more natural products, GroFeed offers simple and cost effective green feed solutions.
GroFeed Inc. is a Bay City, Michigan and Toronto-based company with manufacturing facilities near London, Ontario.
Forward-Looking Statements
The information contained herein regarding risks and uncertainties, which may differ materially from those set forth in these statements, in addition to the economic, competitive, governmental, technological and other factors, constitutes a "forward-looking statement" 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 Private Securities Litigation Reform Act of 1995. While the company believes that the assumptions underlying such forward-looking information are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the forward-looking information will prove to be accurate. Accordingly, there may be differences between the actual results and the predicted results, and actual results may be materially higher or lower than those indicated in the forward-looking information contained herein.
Certain statements contained in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based on beliefs of management, as well as assumptions made by and information currently available to management. Forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from expected results. Forward-looking statements involve known and unknown risks and uncertainties, which may cause GroFeed Inc. actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, volatility of commodity prices, product demand, market competition and risks inherent in GroFeed Inc. operations.
Contact:
Contact:
GroFeed Inc.
120 Eglinton Avenue East, Suite 500
Toronto, Ontario M4P 1E2
T. 416.322.2931
F. 416.322.3129
For general inquires: Email Contact
For investor inquiries: Email Contact
For sales inquiries: Email Contact
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