The NOW Corporation to Provide Power for Planned Colorado Hydroponic Hemp & Medical Farm on Full 10,000 Acre Farm Land
March 27 2014 - 8:00AM
Marketwired
The NOW Corporation to Provide Power for Planned Colorado
Hydroponic Hemp & Medical Farm on Full 10,000 Acre Farm Land
PORTLAND, OR--(Marketwired - Mar 27, 2014) - THE NOW CORPORATION
(OTC: NWPN) (the "Company" or "NOW") announced it has entered into
an agreement to provide power for joint venture with a family
trust planning commercial hydroponics facility possibly named
"THE GREEN ACRE INC" (TGA) in the state of Colorado to be built on
a land package consisting 10,000 acres.
The NOW Corporation announced March 26th the company will
be a viable partner in earning a 50% interest in this project
growing HEMP and Medical Marijuana allowed under the Colorado State
farm bill, the family trust has confirmed to The NOW Corporation
first right of refusal on the full 10,000 acres.
One of the benefits of hydroponics is that it saves water; it
uses as little as 1/20 the amount as a regular farm to produce the
same amount of food. The water table can be impacted by water
use and run-off of chemicals from farms, but hydroponics may
minimize impact as well as having the advantage that water use and
water returns are easier to measure and monitor. This can save
the farmer money by allowing reduced water use and the ability to
measure consequences to the land around a farm.
For the first time in over 60 years, the US Federal government
has passed a bill that allows farmers to cultivate
Hemp. Effective January 29, 2014, pursuant to the passage of
the farm bill, the cultivation of industrial Hemp is legal on a
Federal level thereby clearing the way for industrial Hemp pilot
programs in states such as Colorado, Washington, California,
Kentucky, Maine, Montana, North Dakota, Oregon, Vermont and West
Virginia, where growing the plant is legal according to state law.
Hemp is the common name for plants of the entire genus
Cannabis. This term is often used to refer only to Cannabis
strains cultivated for industrial (non-drug) use.
NOW will be attending the GLOBE 2014 Conference and Exhibition
being held in Vancouver, British Columbia from March 26th, 2014 to
March 28th, 2014 where its technology partner, SP Power Farm Group
("SPpf") will be showcasing the exoPOWER wind turbine. For the
last 24 years, GLOBE has been at the forefront of new ideas and
insights on business and sustainability. GLOBE has been
instrumental in helping corporations understand and employ
sustainability into their operations, influenced the international
debate on climate change, and developed the global marketplace for
environmental and energy technologies and services. GLOBE
continues to draw the 'best and brightest' of the international
sustainable business community, making it an utterly unsurpassed
networking opportunity. Conference themes for GLOBE 2014
include The Changing Energy Landscape; Towards the Circular
Economy; Food and Water Security; Responsible Resource Management;
Clean Capitalism: Financing Sustainable Innovation; and Building
Resilient Cities. GLOBE has lined up notable speakers including
Jesse Berst, Chairman of the Smart Cities Council; Barbara Evaeus,
Manager of Climate Communications for the World Wildlife Fund; and
Amory Lovins, Co-Founder & Chief Scientist at Rocky Mountain
Institute. We welcome all of our shareholders and investors to
view the exoPOWER wind turbine technology at the GLOBE 2014.
Lastly, unaudited financial statements for the 12 months period
ending December 31st 2011, December 31, 2012 and 9 months period
ending September 30, 2013 have been prepared by the Company's
management and are available to be viewed on NOW's website,
www.thenowcorporation.net to qualify under the Securities Exchange
Commission Fair Disclosure Regulation stating a company having a
proper web site with contact information, news releases, detail on
Companies projects, is informing shareholders and potential
investors of all the activities of the Company to avoid any insider
trading rule violations. The Company's management has filed
with their lawyer Bauman & Associates Law Firm the unaudited
financial statements and with the OTC Markets compliance division
displaying the financial information as of March 20th 2014 and
the Company will be supplying the attorney letter, also a yearend
statement for 2013 ending 12/31/2013 in the very near future with
OTC Markets. The Company has been advised by their auditor Anton
& Chia A PCAOB and CPAB firm the audit statements for 2011,
2012, and the stub period ending September 30th 2013 have been
completed and ready for submission to our company.
On behalf of the Board of Directors,
"BRIAN SIMS"
Brian Sims President The NOW Corporation
www.thenowcorporation.net
Disclaimer:
Certain statements in this news release may contain
forward-looking information within the meaning of Rule 175 under
the Securities Act of 1933, and are subject to Rule 3B-6 under the
Securities Exchange Act of 1934, and are subject to the safe harbor
created by those rules. All statements, other than statements of
fact, included in this release, including, without limitation,
statements regarding potential future plans and objectives of the
company, are forward-looking statements that involve risks and
uncertainties. There can be no assurance that such statements will
prove to be accurate and other results and further events could
differ materially from those anticipated in such statements. Future
events and actual results could differ materially from those set
forth in, contemplated by, or underlying the forward-looking
statements.
For more information, please contact: Brian Sims, President The
NOW Corporation Phone: +1.800.997.8477 e-mail:
nwpn.exopower@gmail.com
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