Affinor Growers Outlines Plans for 2017

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 14, 2016) - Affinor Growers (CSE:AFI)(FRANKFURT:1AF)(OTCQB:RSSFF) ("Affinor" or the "Corporation), a diversified agriculture and biotechnology company with proprietary vertical farming systems, is pleased to provide our shareholders with an update and summary of the Company's future plans.

Affinor's goal is to continue to focus on becoming the leading technology developer and supplier of vertical farming equipment in order to help solve problematic crops, improve food security and increase agriculture production for high value crops. With the help of our strategic partners and our technical team, Affinor's immediate plans include continuing the development and commercialization of our patented technology and equipment, validation through third party partners, prove revenue models, and crop diversification.

Over the last year, Affinor has focused on strawberry development as fresh strawberries account for 80% of the total strawberry production in North America valued at $2.6 billion annually. Affinor will continue to grow and harvest strawberries with our beta prototype technology installed at the University of the Fraser Valley throughout the fall and winter of 2017. The focus will be on standardizing crop models and determining best practices for commercialization. Affinor expects to be commissioning a commercial farm in Abbotsford, British Columbia with 24 vertical farming towers in 2017 capable of growing over 15,000 plants in 6,000 square feet. As well, in order to diversity Affinor's technology with other high value crops, we will be installing equipment to grow cannabis at a federally licensed facility in Kelowna, British Columbia in the fall 2016.

Affinor's goal over the next year is to shift from a development to an operational company focusing on generating revenue from vertical tower sales. Our revenue models will include selling systems to growers resulting in a margin on the equipment, license fees, and collecting royalties on the revenues from production; as well as potentially using the equipment ourselves to grow and sell crops thereby becoming a farming company.

Project updates:

Beta Prototype Testing Update

A single 4 level beta prototype tower was installed in April 2016 at the University of the Fraser Valley ("UFV") Surrey, BC location. The tower holds 128 strawberry plants within 100 square feet. All crop model information, data, procedures and harvest quality is being recorded to help prove operational and financial assumptions, revenue models, and best practices to standardize commercialization. This project replaces the "residential home unit" as announced in December 2015 and is now considered a light industrial design for many smaller greenhouse and nursery operations wanting to increase production.