SCOTTSDALE, Ariz., Sept. 29 /PRNewswire-FirstCall/ -- Premier Organic Farms Group, Inc. (OTC Pink Sheets: POFG) (formerly U.S. Power Systems, Inc.) announced today that by means of a mutual rescission, Premier Organic Farms, Inc. (Premier) is no longer a subsidiary of POFG and has been taken private by its management.
POFG is in discussions with several acquisition or business combination candidates and will make further announcements as material events dictate. The POFG board and officers revert back to those in place prior to the Premier acquisition date and the 39,000,000 shares issued to Premier shareholders in that acquisition have been cancelled.
Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and the current economic environment.
We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risk, uncertainties as well as other uncontrollable or unknown factors could cause actual results to materially differ from the results, performance or expectations expressed or implied by such forward-looking statements.
