VANCOUVER, British Columbia, Feb. 24, 2011 /PRNewswire/ -- Urban Barns Foods Inc. (OTC Bulletin Board: URBF) ("Company" or " Urban Barns"), a leading authority on sustainable development of fresh fruits, vegetables, and produce, today release a shareholder update to the general and electronic media.
In the update, Mr. Jacob Benne, Chief Executive Officer of Urban Barns, stated, "During the past several months the Company has tested several growing technologies and processes, including those originally purchased by the Company. Over the course of the next few weeks the Company intends to release information about its testing and results as well as its move forward plans, including a Binding Letter of Intent relating to the acquisition of additional technologies. We are working hard to improve and expand shareholder communications and to that end will shortly announce the hiring of an international communications firm."
About Urban Barns Foods Inc.:
Urban Barns uses proprietary equipment to produce affordable fruits and vegetables in a secure and controlled indoor environment. By setting up subsidiary facilities and growing locally, Urban Barns can focus on supplying any community, irrespective of the regional climate, effectively reducing shipping times and related spoilage costs. Urban Barns has the unique ability to scale and cater to the demands of all major communities. Our commitment to our consumers is reflected through our motto, "Purely Fresh, Naturally Tasty, and Completely Healthy." Urban Barns and Urbanbarnsfoods.com are registered trademarks and the copyright of Urban Barns. All other company and product names mentioned are used only for identification purposes and may be trademarks or registered trademarks of their respective companies.Forward-Looking Statements: Except for historical information contained herein, the matters set forth above may be forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ from those in the forward-looking statements. Words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to Urban Barns or its management, identify forward-looking statements. Such forward-looking statements are based on the current beliefs of management, as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors such as the level of business and consumer spending, the amount of sales of Urban Barns' products, the competitive environment within the industry, the ability of Urban Barns to continue to expand its operations, the level of costs incurred in connection with Urban Barns' expansion efforts, economic conditions in the industry and the financial strength of Urban Barns' customers and suppliers. Urban Barns does not undertake any obligation to update such forward-looking statements. Investors are also directed to consider all other risks and uncertainties. www.urbanbarnsfoods.com SOURCE Urban Barns Foods Inc.
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