WEST LAFYETTE, Ind. -- Favored(R) Inc. has entered into a letter of intent to acquire 100 percent of the membership interest of Favored(R) Seed, LLC, a supplier of non-GMO corn and soybean seed.



As consideration, Favored(R), Inc. will issue a total of 676,483 common shares of its capital stock, restricted pursuant to Rule 144, to the members of Favored(R) Seed, LLC.



Favored(R) Seed, LLC, an Indiana Limited Liability Company, is in the business of supplying non-genetically modified hybrid corn seed and non-genetically modified soya bean seed with specialty output traits. These grains continue to be in high demand, particularly for exports to Europe and Asia. Favored(R) Seed will endeavor at every opportunity to fulfill this immense market opportunity for specialty food grade products.



Favored(R) Seed is currently expanding its contract corn seed production by more than 25 percent for the 2007 sales season. This continued growth will serve the demand of our current and future client base who utilize this product, while strengthening our presence in this niche.



Claude Page, CEO, said, "acquiring Favored(R) Seed completes an important link in the implementation of the Patent Pending Favored(R) System. This acquisition will further enable us to tailor our production and operations to meet our customers' future demands and requirements, while ensuring full ingredient traceability. By having control of this operation, Favored(R) strengthens its position in the global marketplace as a trusted source for specialty food ingredients."



The All Natural FAVORED(R) System delivers food products managed with the assurance of being completely traceable from origin to consumer or from "seed to plate." This system focuses on the traits that consumers desire; which are products free from added growth hormones, antibiotics and Genetically Modified grains. FAVORED(R) participates in this market segment that represents approximately 33 percent of the U.S. population. These consumers buy natural/organically grown foods and the organic/natural food sales exceed $30 billion each year.



SOURCE: Favored Inc. via Market Wire.