WOODLAND HILLS, Calif., June 26, 2013 (GLOBE NEWSWIRE) -- GrowLife, Inc. (OTCQB:PHOT), a provider of highly effective indoor growing technologies and unique lifestyle brands, is pleased to announce the opening of a new retail location today in Plaistow, New Hampshire branded GrowLife Hydro.
The newest location in the GrowLife Hydro chain is strategically located in New Hampshire minutes away from densely populated areas of Massachusetts. Historically, residents of this area supplement their shopping in nearby New Hampshire retail establishments due to New Hampshire's lack of a sales tax.
The store will be a full service indoor hydroponics and organic gardening center, featuring all of the latest products in the indoor gardening world with a staff trained in how to use them. The 2100 square foot store is located at 13 Plaistow Rd, Plaistow, NH and offers private parking and a garage door for easy loading.
"We are pleased to add this new location to the Growlife revenue line," stated Sterling Scott, CEO, GrowLife Inc. "Following our recent acquisition, expanding our retail presence and leveraging our growing brand is imperative."
"We believe that there is an established waiting market for our product line in these areas that should be enhanced by the continual relaxation of laws in the region," Scott added. "We fully expect this store to be generating over $1million of revenue for Growlife within the first 12 months."
"Opening a new store between our existing locations in Massachusetts and Maine allows Growlife to better manage inventory and better service the entire coastal corridor of Northern New England," said Rob Hunt, President Growlife Hydroponics, a division of GrowLife Inc.
For a GrowLife Investor Presentation visit: http://growlifeinc.com/wp-content/uploads/2013/05/PHOT-DECK-4_30_13.pdf
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About GrowLife, Inc.
GrowLife, Inc. (PHOT) (formerly Phototron Holdings, Inc.) (www.growlifeinc.com) 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). GrowLife is also the US distributor for the Urban Cultivator brand—the greens machine (www.urbancultivator.net).
Cautionary Language Concerning Forward-Looking Statements
Information set forth in this press release contains financial estimates and other forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995) that are subject to risks and uncertainties, and actual results might differ materially. Examples of such forward-looking statements include management's projected 2013 revenue guidance, references to potential acquisitions, and other references to potential growth in the business. 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.