Two Rivers Declares Dividend for DFP Preferred Shareholders
01 Abril 2014 - 8:15AM
Marketwired
Two Rivers Declares Dividend for DFP Preferred Shareholders
DENVER, CO--(Marketwired - Apr 1, 2014) - Two Rivers Water &
Farming Company (OTCQB: TURV) ("Two Rivers") (www.2riverswater.com)
wholly owned subsidiary, Dionisio Food & Produce, Inc. ("DFP")
declared the annual payment of DFP's 8% cumulative preferred
dividend.
DFP's board of directors met on March 31, 2014 and approved
payment of the dividend to record holders of DFP Preferred Stock as
of December 31, 2013. Payment is to be made on May 15, 2014.
John McKowen, CEO of Two Rivers, stated, "Our DFP farming
operations are very productive and provided positive cash flow to
Two Rivers, even during the 2013 drought, and we are proud to be
able to pay a dividend to our DFP Preferred shareholders. We expect
our Bessemer operations, of which DFP is a part, to more than
double its revenue in 2014 and provide additional positive cash
flow to Two Rivers."
About Two Rivers:
Two Rivers has developed and operates a new farming and water
business model suitable for arid regions in the Southwestern United
States whereby the Company synergistically integrates high value
fruit and vegetable farming and wholesale water distribution into
one company. Two Rivers business model reinvigorates, rather than
decimates, agricultural communities and provides excess water to
municipalities through market forces. Two Rivers' core business
converts irrigated farmland, which is marginally profitable growing
low value feed crops, into highly profitable irrigated farmland
growing high yield, high value, fruit and vegetable crops. Fruit
and vegetable crops generate six times the revenue of feed crops
with better margins. The Company's initial area of focus is in the
Arkansas River basin and its tributaries on the southern Front
Range of Colorado.
This news release contains "forward-looking statements," as
that term is defined in Section 27A of the Securities Act of 1933
and Section 21E of the Securities Exchange Act of 1934. Statements
that are not purely historical are forward-looking statements and
include any statements regarding beliefs, plans, expectations or
intentions regarding the future. Actual results could differ from
those projected in any forward-looking statements due to numerous
factors. Such factors include, among others, the inherent
uncertainties associated with developing and acquiring land and
water resources. There can be no assurance Two Rivers will be able
to raise additional capital, that it will be able to increase the
scale of its business, or that its existing resources will be
sufficient to meet all of its cash needs. These forward-looking
statements are made as of the date of this news release, and Two
Rivers assumes no obligation to update the forward-looking
statements, or to update the reasons why actual results could
differ from those projected in the forward-looking
statements.
Contact: Wayne Harding Two Rivers Water & Farming Company
(303) 222-1000 info@2riverswater.com
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