Nature's Miracle Holding Inc. Announces Sales Order of Up to 2,000 EVs, Expanding Electric Vehicle Presence in Colombia

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PR Newswire

Thu, Jan 23, 2025, 6:30 AM 5 min read

ONTARIO, Calif., Jan. 23, 2025 /PRNewswire/ -- Nature's Miracle Holding Inc. (OTC PINK: NMHI) ("Nature's Miracle" or the "Company"), a leader in vertical farming technology and with new subsidiaries operating in bitcoin mining, data center management and electric vehicles, today announced the receipt of a purchase order from the National Transport Chamber of Colombia to introduce electric vehicles (the "EVs") in the Colombian market.

The purchase order, facilitated by Mr. Ricardo Virviescas, President of the country of Colombia's National Transport Chamber, marks a potential order of up to 2,000 EVs. This will include a diverse lineup of vehicles tailored to Colombia's topographic and climatic conditions, such as passenger cars, SUVs, trucks, dump trucks, and three-wheelers that Nature's Miracle will buy from an original equipment manufacturer (OEM) based in China and resell to the National Transport Chamber. Additionally, Nature's Miracle's EV subsidiary, Hydroman Electric Corporation, will provide after-market services in partnership with a third party OEM.

Mr. James Li, Chairman and CEO of Nature's Miracle, commented, "This partnership underscores our commitment to delivering sustainable transportation solutions in South America while fostering local market opportunities. With South America's EV market expected to grow significantly amid the global push for electrification, our collaboration with Colombian industry groups and business leaders positions us to lead this transformation. This serves as an excellent starting point for our sales expansion in the region. This agreement shows our ability to identify underserved markets in the EV market and align product needs with the engineering expertise of our suppliers. This partnership is projected to unlock additional sales opportunities and further diversify our revenue streams in the future. By integrating sustainability and innovation across our operations, we are solidifying our presence in the growing South American EV market."

About Nature's Miracle Holding Inc.

Nature's Miracle (www.Nature-Miracle.com) is a growing agriculture technology company providing products and services to growers in the Controlled Environment Agriculture ("CEA") industry around the world. The company has recently launched EV and bitcoin businesses, all energy dependent as CEA.

Forward-Looking Statements

The information in this press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate," "believe," "contemplate," "continue," "could," "estimate," "expect," "forecast," "intends," "may," "will," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements in this press release may include, for example: the intended use of proceeds from the offering; successful launch and implementation of Nature's Miracle's joint projects with manufacturers and other supply chain participants of steel, rubber and other materials; changes in Nature's Miracle's strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects and plans; Nature's Miracle's ability to develop and launch new products and services; Nature's Miracle's ability to successfully and efficiently integrate future expansion plans and opportunities; Nature's Miracle's ability to grow its business in a cost-effective manner; Nature's Miracle's product development timeline and estimated research and development costs; the implementation, market acceptance and success of Nature's Miracle's business model; developments and projections relating to Nature's Miracle's competitors and industry; and Nature's Miracle's approach and goals with respect to technology.

These forward-looking statements are based on information available as of the date of this press release, and current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing views as of any subsequent date, and no obligation is undertaken to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. As a result of a number of known and unknown risks and uncertainties, actual results or performance may be materially different from those expressed or implied by these forward-looking statements. Some factors that could cause actual results to differ include: the ability to maintain the listing of the Company's shares on Nasdaq; changes in applicable laws or regulations; the effects of the coronavirus (COVID-19) and any future outbreaks on Nature's Miracle's business; the ability to implement business plans, forecasts, and other expectations, and identify and realize additional opportunities; the risk of downturns and the possibility of rapid change in the highly competitive industry in which Nature's Miracle's operates; the risk that Nature's Miracle's and its current and future collaborators are unable to successfully develop and commercialize Nature's Miracle's products or services, or experience significant delays in doing so; the risk that the Company may never achieve or sustain profitability; the risk that the Company will need to raise additional capital to execute its business plan, which may not be available on acceptable terms or at all; the risk that the Company experiences difficulties in managing its growth and expanding operations; the risk that third-party suppliers and manufacturers are not able to fully and timely meet their obligations; the risk that Nature's Miracle's is unable to secure or protect its intellectual property; the possibility that Nature's Miracle's may be adversely affected by other economic, business, and/or competitive factors; and other risks and uncertainties described in Nature's Miracle's filings from time to time with the SEC.

For more information, please contact:

Nature's Miracle Holding, Inc.
Chris Wang, CFO
Chris.Wang@nature-miracle.com

Ascent Investors Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com