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California Style Palms Announcement |
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California Style Palms Begins Acquisition Strategy: Company Acquires First Major Palm Farm Operation of its Acquisition and Roll-up Strategy |
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October 31, 2013 |
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Newport Beach, CA - October 31, 2013 ? California Style Palms, Inc. (OTCPK: CFPI), am owner and operator of palm farms and installer of decorative and ornamental palm trees, today announced that it has acquired the inventory, machinery, equipment and operations of Gregory Palm Farms, LLC in an all stock transaction. Mr. Burl Gregory, the President and CEO of California Style Palms, Incorporated today announced the acquisition of Gregory Palm Farms, LLC?s operations, assets and inventory. Mr. Gregory stated that ?with this acquisition, we?re increasing our customer base, inventory, service offerings and a valuable location from which to operate in the heart of our prime market.? As a leader in the palm industry, Gregory Palm Farms, LLC has a superb customer base and 20 years outstanding marketing and performance. It is located in the pristine, micro-climate of Pauma Valley, CA. The inventory acquired includes a wide variety of specialty palms that are unique to hot and cold environments. The inventory is mature and in outstanding condition due to years of premium quality water, soil and nurturing. Mr. Gregory states that ?this variety and quality of inventory in truly unique to Gregory Palm Farms and makes this initial acquisition very special for California Style Palms.? In addition to the assets, this acquisition brings experienced personnel, experts in transporting and transplanting these beautiful trees who are recognized industry experts who will make outstanding additions to the California Style Palms team. About California Style Palms, Incorporated California Style Palms Incorporated owns and operates palm farms serving a variety of markets and products for ornamental and decorative palms. The Company provides palms to landscapers as well as performs its own installation. The Company maintains an extensive inventory of a variety of palms to address market needs. California Style Palms intends to acquire additional farms and inventory as to deploy solar farms on non-productive land within its portfolio. For more information please visit the company's website at www.californiastyleplamsinc.com Safe Harbor Statement Matters discussed in this release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts included in this press release are forward-looking statements. These statements relate to future events or to the Company's future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company's control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. Such risks, uncertainties and other factors, which could impact the Company and the forward-looking statements contained herein, are included in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Company Contact: Burl Gregory, President and CEO 2901 West Coast Highway Newport Beach CA 92663 714.458.3720 |