Shotgun Acquires Hydroponics Vertical Farming Company Organa Gardens Inc.
Market Wire, March, 2009
Shotgun Energy Corporation (OTCBB: SGNE) reports that the Company has signed an agreement to acquire all of the assets of Organa Gardens Inc., a Nevada Corporation in the business of hydroponics vertical farming. These assets include, but are not limited to all proprietary designs, engineering, technology, business models, plans and intellectual properties pertaining to the Organa Garden System-Discovery (OGS-D) and the Organa Garden System-Enterprise (OGS-E).
Both the OGS-D and OGS-E are a rotary hydroponics vertical farming system designed with serviceability, ease-of-use and maximum harvest in mind. Both models are modular, allowing them to be expanded by stacking them. Its specially designed waterwheel technology allows the fully automated system to recycle and reuse 95% of the water used while requiring a negligible amount of energy to run.
Benefits of the Organa Garden Systems:
-- Fresh, nutritious and abundant produce all year-round.
-- Localized year-round farming possible, eliminating costly
transportation, spoilage and pollution.
-- Reduces the use of pesticides and preservatives.
-- Urban renewal and sustainable community building.
-- Energy and water conservation.
-- More frequent harvest.
-- Fully automated and easy to operate.
-- Business opportunity for the entrepreneurial businessman or
established farmer.
The OGS-D is a strong, low-cost ABS plastic model which provides for a high density and high yield production for the home gardener. The OGS-E is a powder-coated steel, professional grade vertical farming hydroponic system designed for use in large-scale commercial farming and growing operations. The design captures almost all of the lumens emitted by the light source, ultimately saving money and minimizing time to harvest. The rotational design allows for maximum plant hormones distribution (Geotropism or Gravatropism) resulting in increased growth rate and stronger plants.
Under the terms of the acquisition, Shotgun will issue up to 25,000,000 restricted 144 shares over a five year period or sooner based on certain gross revenue benchmarks being met from all revenue streams derived from the technology acquired from Organa Gardens Inc. and a cash commitment of up to $500,000 from Shotgun to complete the final steps of taking the OGS-D and OGS-E to market.
The Shotgun name change to Organa Gardens International Inc. is in process and the effective date will be announced when it is determined.
/s/ Christopher Scheive Christopher Scheive, President
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical fact are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays in testing and evaluation of products and other risks detailed from time to time in Shotgun's filings with the Securities & Exchange Commission.
For further information contact: 1-888-488-6882
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