Wall Street Signals: Foundation Farms Corp., Reports a Successful On-target First Harvest

Foundation Farms Corp., Reports a Successful On-target First Harvest


Foundation Farms, Corp., ("Foundation Farms") a subsidiary of GME Innotainment, Inc. (OTC PINK: GMEV) today reported a successful on-target first harvest at the company's E-ROOTS CENTRE located in the Red Deer, Alberta area. Management commented that the crop grew and matured even faster than expected using the E-ROOTS system. From seed to harvest took only 21 days. Market acceptance of the final products has been overwhelmingly positive with consumers reporting exceptional quality and taste.

Plans are underway to double the production capacity of the existing Red Deer area vertical farm facility. Management has reported that the experience with this first crop has already confirmed earlier projections that the company's capital cost recovery on each E-ROOTS Centres is as short as six months. Word of this success is spreading and as a result, the company is getting serious joint venture partnership inquiries from Minneapolis, New York, Toronto, and the Caribbean.

When requested to remark on the outcomes, Ed Kroeker, CEO of Foundation Farms expressed "A new Ontario Greenbelt Foundation report demonstrated that current worldwide interest in vertical ranches is assessed at US$3.1 billion with about 33% of that occurring in North America. In the Foundation Farms joint endeavor plan of action, our own capital prerequisites are negligible. Utilizing the language of horticulture, our seed for each task is the E-ROOTS innovation and working aptitude, our joint endeavor accomplice seeds the capital necessities, and the two players procure an abundant reap as shown by the speedy capital expense recuperation."

Yves R. Michel, CEO of GMEV further added, "We share the excitement created by this successful venture and I understand that further inquiries are being made for more joint ventures in the Alberta region. Using Mr. Kroeker's analogy and extending it further-each E-ROOTS Centre is the seed to attract additional joint venture opportunities in the surrounding region. Consequently, due to the positive responses received thus far, I envision hundreds of E-ROOTS Centre installations over the next five years."

CONTACT:

Yves R. Michel
Chief Executive Officer and Director
208 East 51st St., Suite 170
New York, NY 10022

OTCPink: GMEV