Two Rivers Acquires Additional Irrigated Farmland
08 Abril 2014 - 6:15AM
Marketwired
Two Rivers Acquires Additional Irrigated Farmland
DENVER, CO--(Marketwired - Apr 8, 2014) - Two Rivers Water &
Farming Company (OTCQB: TURV) ("Two Rivers") (www.2riverswater.com)
announced today that the Company has completed the acquisition of
additional irrigated farmland in Pueblo County, Colorado. Two
Rivers will add the new acquisition to irrigated farmland the
Company currently owns and present a 250 acre fruit and vegetable
farm unit for sale and lease back to investors at the Global
AgInvesting Conference in New York City starting April 29,
2014.
Two Rivers acquires irrigated farmland used for feed crop
production and redevelops it into fruit and vegetable crop
production. Once redevelopment is completed, the Company sells
the farmland to institutional investors with a lease back from the
investors to Two Rivers. Through these types of transactions,
Two Rivers is able to expand revenues and earnings without having
to issue additional common stock.
Two Rivers expects to add 1,000 acres to its fruit and vegetable
planting in 2015 through sale/lease-back type
transactions. Two Rivers produce is grown and marketed through
Dionisio Farms and Produce, a wholly owned subsidiary of Two
Rivers, which has over 50 years experience growing and selling
produce to national accounts in the United States.
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. Two Rivers' business model reinvigorates
agricultural communities and provides excess water to
municipalities through market forces. Two Rivers' core
business converts irrigated farmland, which is marginally
profitable growing low value feed crops, into highly profitable
irrigated farmland growing high yield, high value, fruit and
vegetable crops. Fruit and vegetable crops generate six times
the revenue of feed crops with better margins. The Company's
initial area of focus is in the Arkansas River basin and its
tributaries on the southern Front Range of Colorado.
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: Wayne Harding Two Rivers Water & Farming Company
(303) 222-1000 info@2riverswater.com
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