Two Rivers Provides Water Solutions for Farming in Water Short West
20 Febrero 2014 - 8:30AM
Marketwired
Two Rivers Provides Water Solutions for Farming in Water Short West
Comprehensive Water Augmentation and Well Rehabilitation
DENVER, CO--(Marketwired - Feb 20, 2014) - Two Rivers Water
& Farming Company (OTCQB: TURV) ("Two Rivers")
(www.2riverswater.com) said its business model is beginning to bear
fruit, and vegetables, and water. Two Rivers is executing on its
business model and converting low value feed crop farmland into
high value fruit and vegetable crop production on the same
irrigated farmland. By doing so, Two Rivers generates six times
more revenue and profits per irrigated acre. In 2013, the first
full year of Two Rivers' fruit and vegetable operations, the
Company generated over $2,000,000 in revenues, an increase of over
100% from 2012 revenue. In 2014, the Company will increase its
fruit and vegetable acreage and expects to more than double
revenues again and make an operating profit.
Two Rivers expects to convert as much as 10,000 acres from feed
crops into fruit and vegetable production over the next 3-5 years
in its current area of focus in southern Colorado. To accommodate
increased production and capture additional revenue in the food
chain, Two Rivers has begun development of a new warehouse and
vegetable processing plant on land purchased by institutional
investors on behalf of Two Rivers in December 2013.
To stabilize and increase its ground water supply in order to
expand its produce business for the increasing number of its
national accounts, Two Rivers has begun developing a comprehensive
water augmentation program and rehabilitating ground water wells
that pump water from the Arkansas River alluvium, which is a
renewable water resource.
About Two Rivers:
Two Rivers has developed and operates a new farming and water
business model suitable for arid regions in the Southwestern United
States whereby the Company synergistically integrates high value
fruit and vegetable farming and wholesale water distribution into
one company, utilizing a practice of rotational farm fallowing.
Rotational farm fallowing, as it applies to water, is a best
methods farm practice whereby portions of farm acreage are
temporarily fallowed in cyclic rotation to give soil an opportunity
to reconstitute itself. As a result of fallowing, an increment of
irrigation water can be made available for municipal use without
permanently drying up irrigated farmland. Collaborative rotational
farm fallowing agreements between farmers and municipalities make a
portion of irrigation water available for urban use. The Company's
initial area of focus is in the Arkansas River basin and its
tributaries on the southern Front Range of Colorado.
The second paragraph of this news release contains
"forward-looking statements," as that term is defined in Section
27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. Statements that are not purely historical are
forward-looking statements and include any statements regarding
beliefs, plans, expectations or intentions regarding the future.
Actual results could differ from those projected in any
forward-looking statements due to numerous factors. Such factors
include, among others, the inherent uncertainties associated with
developing and acquiring land and water resources. There can be no
assurance Two Rivers will be able to raise additional capital, that
it will be able to increase the scale of its business, or that its
existing resources will be sufficient to meet all of its cash
needs. These forward-looking statements are made as of the date of
this news release, and Two Rivers assumes no obligation to update
the forward-looking statements, or to update the reasons why actual
results could differ from those projected in the forward-looking
statements.
Contact: John McKowen Two Rivers Water & Farming Company
(303) 222-1000 info@2riverswater.com
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