Fox Business' Willis Report Recognizes the Growing 'Green Rush'
WOODLAND HILLS, Calif., Nov. 20, 2012 /PRNewswire/ -- GrowLife Inc. (OTCBB: PHOT), an industry-leading consortium of high-end gardening and horticulture brands, is focused on merchandising the "picks and shovels" of the growing "green rush". As highlighted recently on Fox Business' Willis Report, GrowLife is amongst the public companies leading the charge to provide the best equipment possible to help reduce grow cycle times and maximize harvest.
Derek Peterson, CEO of Terra Tech, was recently featured on the Fox Business 'Willis report' discussing the various ways to invest in today's "green rush". Peterson talks about investing in ancillary companies that help to support the industry, versus those that have a more direct interest, such as a medical marijuana dispensary.
"GrowLife operates on the leading edge of high-end horticulture with a complete line-up of indoor gardening products," said GrowLife Inc. CEO Sterling Scott. "Our products have been scientifically shown to reduce grow times and produce greater yields than traditional soil gardening, while outperforming many other hydroponic equipment makers."
Soilless gardening (hydroponic gardening) offers many advantages to the home grower; and since a sterile medium is used hydroponic growers rarely have to deal with weeds, insects or other pests. Plants grown using these methods also don't tend to grow large root systems, meaning they mature more quickly than soil grown plants.
According to a study done by Virginia Tech, "Properly grown hydroponic plants also are healthier and more vigorous because all of the necessary growth elements are readily available. The plants can mature faster, yielding an earlier harvest of vegetable and flower crops. Hydroponic gardens use less space since the roots do not have to spread out in search of food and water." The study continues on to say "The big advantage to hydroponics is the ability to automate the entire system with a timer. Automation reduces the actual time it takes to maintain plant growth requirements. Automation also provides flexibility to the gardener as one can be gone for long periods of time without having to worry about watering the plants."
GrowLife Inc.'s hydroponic growing equipment can be used by a number of end markets, including the emerging marijuana industry. After the approval of marijuana for recreational use in Colorado and Washington, as well as medical approval in many other states, companies like GrowLife Inc., HEMP Inc. (HEMP) and Medical Marijuana Inc. (MJNA) saw significant appreciation in their share price. GrowLife's product line of high quality hydroponic grow systems are also used by home gardeners, professional chefs, and commercial restaurants among other demographics.
"What sets GrowLife apart is our quality product line and established distribution network," added Mr. Scott. "We are well-positioned to capitalize on many end markets with our innovative technology. Our aim is to continue expanding our presence with our revenue acquisition of Greners.com, as well as through our StealthGrow and Phototron divisions, with the ultimate goal of generating significant value for our shareholders."
About GrowLife, Inc.
GrowLife, Inc. (PHOT) (formerly Phototron Holding, Inc.) (www.growlifeinc.com) (PHOT) is a company with core holdings in innovative technology-based products and services for the indoor gardening industry and specialty markets. These brands include Stealth Grow, a producer of grow room automation equipment and hi-powered LED grow light products for indoor horticulture (www.sgsensors.com and www.stealthgrow.com), Greners.com, the online hydroponics superstore (www.greners.com) and Phototron, producer of hydroponic grow containers, which are designed to grow vegetables, herbs, flowers and fruits in any environment (www.phototron.com).
For more information about our public holding company, please visit www.growlifeinc.com.
Cautionary Language Concerning Forward-Looking Statements
Information set forth in this press release contains financial estimates and other forward-looking statements that are subject to risks and uncertainties, and actual results might differ materially. A discussion of factors that may affect future results is contained in GrowLife's filings with the Securities and Exchange Commission. In addition, all industry products are subject to additional uncertainty, including the risks of delay, cancellation and poor critical or financial reception. GrowLife disclaims any obligation to update and revise statements contained in this news release based on new information or otherwise.
SOURCE GrowLife, Inc.