ONTARIO,
Calif., Jan. 23, 2025 /PRNewswire/ -- Nature's
Miracle Holding Inc. (OTC PINK: NMHI) ("Nature's Miracle" or the
"Company"), a leader in vertical farming technology and with new
subsidiaries operating in bitcoin mining, data center
management and electric vehicles, today announced the receipt of a
purchase order from the National Transport Chamber of
Colombia to introduce electric vehicles (the "EVs") in the
Colombian market.
The purchase order, facilitated by Mr. Ricardo Virviescas, President of the country of
Colombia's National Transport
Chamber, marks a potential order of up to 2,000 EVs. This will
include a diverse lineup of vehicles tailored to Colombia's topographic and climatic
conditions, such as passenger cars, SUVs, trucks, dump trucks, and
three-wheelers that Nature's Miracle will buy from an original
equipment manufacturer (OEM) based in China and resell to the National Transport
Chamber. Additionally, Nature's Miracle's EV subsidiary, Hydroman
Electric Corporation, will provide after-market services in
partnership with a third party OEM.
Mr. James Li, Chairman and CEO of Nature's Miracle,
commented, "This partnership underscores our commitment to
delivering sustainable transportation solutions in South America while fostering local market
opportunities. With South
America's EV market expected to grow significantly amid
the global push for electrification, our collaboration with
Colombian industry groups and business leaders positions us to lead
this transformation. This serves as an excellent starting point for
our sales expansion in the region. This agreement shows our
ability to identify underserved markets in the EV market and align
product needs with the engineering expertise of our suppliers. This
partnership is projected to unlock additional sales opportunities
and further diversify our revenue streams in the future. By
integrating sustainability and innovation across our
operations, we are solidifying our presence in the
growing South American EV market."
About Nature's Miracle Holding Inc.
Nature's Miracle (www.Nature-Miracle.com) is a growing
agriculture technology company providing products and services to
growers in the Controlled Environment Agriculture ("CEA") industry
around the world. The company has recently launched EV
and bitcoin businesses, all energy dependent
as CEA.
Forward-Looking Statements
The information in this press release includes "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements include, but are not
limited to, statements regarding expectations, hopes, beliefs,
intentions or strategies regarding the future. In addition, any
statements that refer to projections, forecasts or other
characterizations of future events or circumstances, including any
underlying assumptions, are forward-looking statements. The words
"anticipate," "believe," "contemplate," "continue," "could,"
"estimate," "expect," "forecast," "intends," "may," "will,"
"might," "plan," "possible," "potential," "predict," "project,"
"should," "would" and similar expressions may identify
forward-looking statements, but the absence of these words does not
mean that a statement is not forward-looking. Forward-looking
statements in this press release may include, for example: the
intended use of proceeds from the offering; successful launch and
implementation of Nature's Miracle's joint projects with
manufacturers and other supply chain participants of steel, rubber
and other materials; changes in Nature's Miracle's strategy, future
operations, financial position, estimated revenues and losses,
projected costs, prospects and plans; Nature's Miracle's ability to
develop and launch new products and services; Nature's Miracle's
ability to successfully and efficiently integrate future expansion
plans and opportunities; Nature's Miracle's ability to grow its
business in a cost-effective manner; Nature's Miracle's product
development timeline and estimated research and development costs;
the implementation, market acceptance and success of Nature's
Miracle's business model; developments and projections relating to
Nature's Miracle's competitors and industry; and Nature's Miracle's
approach and goals with respect to technology.
These forward-looking statements are based on information
available as of the date of this press release, and current
expectations, forecasts and assumptions, and involve a number of
judgments, risks and uncertainties. Accordingly, forward-looking
statements should not be relied upon as representing views as of
any subsequent date, and no obligation is undertaken to update
forward-looking statements to reflect events or circumstances after
the date they were made, whether as a result of new information,
future events or otherwise, except as may be required under
applicable securities laws. As a result of a number of known and
unknown risks and uncertainties, actual results or performance may
be materially different from those expressed or implied by these
forward-looking statements. Some factors that could cause actual
results to differ include: the ability to maintain the listing of
the Company's shares on Nasdaq; changes in applicable laws or
regulations; the effects of the coronavirus (COVID-19) and any
future outbreaks on Nature's Miracle's business; the ability to
implement business plans, forecasts, and other expectations, and
identify and realize additional opportunities; the risk of
downturns and the possibility of rapid change in the highly
competitive industry in which Nature's Miracle's operates; the risk
that Nature's Miracle's and its current and future collaborators
are unable to successfully develop and commercialize Nature's
Miracle's products or services, or experience significant delays in
doing so; the risk that the Company may never achieve or sustain
profitability; the risk that the Company will need to raise
additional capital to execute its business plan, which may not be
available on acceptable terms or at all; the risk that the Company
experiences difficulties in managing its growth and expanding
operations; the risk that third-party suppliers and manufacturers
are not able to fully and timely meet their obligations; the risk
that Nature's Miracle's is unable to secure or protect its
intellectual property; the possibility that Nature's Miracle's may
be adversely affected by other economic, business, and/or
competitive factors; and other risks and uncertainties described in
Nature's Miracle's filings from time to time with the SEC.
For more information, please contact:
Nature's Miracle
Holding, Inc.
Chris
Wang, CFO
Chris.Wang@nature-miracle.com
Ascent Investors Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com
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SOURCE Nature's Miracle Holding Inc.
