iFarm Board Actively Seeks Majority Interest Investment

The board of directors of iFarm, Inc. announces that it is actively seeking financial partners to purchase a majority interest in the company and AgLogics, the company’s Internet based technology platform. “As part of an ongoing plan, the board has determined that iFarm has reached a point in its business development whereby it is a very valuable asset to strategic agribusiness investors,” says Chris Long, president and CEO. As an online Internet portal for farmers and B2B marketplace, iFarmSupply now has over 80,000 items for sale in its catalogue, including implement and harvest parts, shop tools, tires, lubricants and seed. As an online source for agricultural commodity marketing and information, iFarmMarket features the use of cooperative commodity marketing pools, market quotes and charting analysis and soon will be launching an e-business marketplace for the direct procurement of spot cotton. AgLogics is the Internet based technology platform for iFarm. Acting as an independent, neutral ASP based B2B enabler for the agriculture industry, AgLogics spreads much of the incremental costs of building its technology across multiple clients. AgLogics offers a turnkey plug-and play, state of the art, ASP based e-solution. The technology is non-proprietary, platform independent and built around the latest transaction engine, SQL server software and based on the ColdFusion platform. “The technology is cost effective, flexible and easily adaptable to uses in agribusiness as well as other industries,” adds Long. Headquartered in Memphis, Tennessee, iFarm is committed to enabling members to profit from participation in the emerging global B2B e-commerce market through a comprehensive agricultural focused Internet portal. Major sections of iFarm are: iFarmMarket, iFarmSupply, iFarmOffice, MyiFarm, and Agricultural News Service. Please visit the iFarm web site at www.iFarm.com. The Most Powerful Tool on the Farm.