LAS VEGAS, NV -- (Marketwire) -- 10/15/12 -- PacWest Equities, Inc. (PINKSHEETS: PWEI) today announced that, through its wholly owned subsidiary, World EcoSource Corp., it has completed the acquisition of PurGro Electronics, LLC in exchange for cash and stock in a deal valued at US$15 Million in annual sales, along with the rights to 5 projected international patents in China, and 11 projected patents to file in the US. Included in the sale is PurGro Electronics' current sales volumes, customers, and revenue streams, along with the projected revenue from the US and International patents, which could possibly exceed $50 Million in annual sales.
This purchase could propel World EcoSource to quickly become the leader of technology-based Organic Food Production companies. With unique MobileFeed® and MobileFood® systems for year round organic food production, even in the harshest of climates, the acquisition of PurGro's technological advances in the automation of hydroponic growing systems make sense in this key acquisition.
PurGro's proprietary, automated growing solutions virtually eliminate the need for human interaction in the growing cycle, with automatic temperature, humidity, and watering programming. Any variations in the preset optimum growing environment cause the system to immediately send out text and email alerts to prevent a disruption in the growing cycle. When combined with World Eco Source's proprietary water and electrical conservation techniques, the economic gains make the MobileFeed® and MobileFood® systems sustainable and profitable.
About PacWest Equities, Inc.
PacWest Equities, Inc. specializes in working with underperforming companies and bringing together the resources needed for them to attain financial stability and growth. Our focus is on companies showing a positive upside while struggling to bring new bio-technologies and unique products to market.
About World Eco Source Corp.
World EcoSource Corp. is a technology-based company which has developed the MobileFeed® and MobileFood® systems helping offset deficient worldwide food production for both animals and humans.
The World EcoSource MobileFeed® and MobileFood® systems provide turnkey systems for either the production of livestock-based consumables or human-based protein and vegetable consumables. The MobileFeed® units are truly a global sustainable, green life cycle farming system. Using both solar power and water conserving growing systems, one trailer can produce 1,500 pounds daily of organically grown grass for year round livestock consumption, thus lowering feed costs by 80% while producing Certified Organic, Grass Fed livestock and increasing profitability of the final product.
The MobileFood® units enable the rapid production of certified, organic vegetables and proteins for humans through life cycle harmonic integration of fish farms and hydroponic vegetables, with one half of the system feeding/fertilizing the other half, and vice versa. Raising Tilapia side-by-side with vegetables and using the same water from the fish to fertilize the greens is not something new, but by combining the hydroponic know-how with World Eco Source patented technologies, the outputs have finally become commercially feasible.
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