Pacwest Equities I (OTC:PWEI)

LAS VEGAS, NV--(Marketwire - Oct 10, 2012) - PacWest Equities, Inc. (PINKSHEETS: PWEI) today announced that it has entered into a Letter of Intent to purchase PurGro Electronics, LLC in exchange for cash and stock, in a deal valued at US$15M. Included in the proposed transaction are PurGro's current sales volume of $1.5M annually along with 5 international patents pending in China and 11 patents to be filed in the US.

This acquisition could propel the Company and its wholly owned subsidiary, World Eco Source Corp., to quickly become the leader of technology-based Organic Food Production companies. When coupled with World Eco Source's unique MobileFeed® and MobileFood® systems for year round organic food production, even in the harshest of climates, PurGro's technological advances in the automation of hydroponic growing systems make sense in this key acquisition.

PurGro's proprietary, automated growing solutions virtually eliminate the need for human interaction in the growing cycle, with automatic temperature, humidity, and watering programming. Any variations in the preset optimum growing environment cause the system to immediately send out text and email alerts to prevent a disruption in the growing cycle. When combined with World Eco Source's proprietary water and electrical conservation techniques, the economic gains make the MobileFeed® and MobileFood® systems sustainable and profitable.