WOODLAND HILLS, Calif., April 22, 2013 (GLOBE NEWSWIRE) -- GrowLife, Inc. (OTCQB:PHOT), a provider of highly effective indoor growing technologies and unique lifestyle brands, is pleased to announce that it has secured the necessary financing commitments for its pending acquisition of the combined operations of Rocky Mountain Hydroponics, LLC., Evergreen Garden Centers, LLC and 58Hydro.com ("EGC") from California based Gemini Master Fund Ltd ("Gemini Fund"). As such, the Company believes it is now responsible to adjust the revenue guidance provided in the recently released Annual Report which did not reflect this now fully-financed acquisition and its resulting revenue addition.
GrowLife To Adjust Revenue Guidance Upward
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