Biofarm to Acquire Interest in Electronic Funds Transfer Service Business.

Business Editors

LINFIELD, Pa.--(BUSINESS WIRE)--Sept. 3, 2003

Biofarm, Inc. (OTCBB:BIOF) announced today the signing of a Term Sheet to acquire Viva Money Transfer ("Viva"), an entity entering into the money transfer business. Viva expects to have its first location up and running in London during the next 45 days. In addition, Viva expects to complete two acquisitions in the United States, thereby enabling it to conduct business in the major states throughout the United States during the next three to four months.

The money transfer business involves the transfer of funds, usually cash, from individuals to individuals in both foreign and domestic locations. The market for money transfer companies has showed continued growth for the past several years. Currently, Western Union and Moneygram are the only major players in this marketplace. Long-term trends toward increased globalization and immigration both in England and in the United States, result in expatriate workers sending money to their homelands because of the speed and safety of electronic transfers. As more locations are opened by Biofarm, electronic transfers of funds will replace the mailing of checks and money orders.

A spokesperson for Viva commented that, "the partnering with Biofarm will allow for a unique opportunity for growth in a tremendous marketplace. Smaller companies have been faced with increased costs due to higher regulatory requirements and tougher operating environments creating a ripe opportunity for a roll-up of smaller agencies. Biofarm's stock will act as a conduit for such acquisitions in addition to giving the business access to capital from the public market."

A spokesperson for BIOF commented that, "Viva is a perfect fit with BIOF's other holdings and current registration under the 1940 act as an investment company. Due to the fact that the money transfer business requires ownership of relatively minor assets, BIOF can continue to acquire minority positions in other public entities and have the ability to carry their value at current quoted prices. We are excited to have the management of Viva join our team to enhance our future prospects for growth."

Terms of the acquisition will be disclosed upon the filing of Form 8-K by BIOF. Upon completion of the acquisition BIOF expects to change its name and apply for a new trading symbol.

Biofarm, Inc. is a holding company with headquarters in Linfield, Pennsylvania. Statements in this news release that relate to future plans, financial results or projections, events or performance, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. While these statements are made to convey to the public Biofarm's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. While management believes such representations to be true and accurate based on information available to Biofarm at this time, actual results may differ materially from those described. In addition to the matters described in this press release, risk factors listed from time to time in the Company's SEC reports and filings, including, but not limited to, its report on Form 10-QSB for the quarter ended January 31, 2003, April 30, 2003, and July 31, 2003 (to be filed on or about September 12, 2003), and its report on Form 10-KSB for the year ended October 31, 2002, may affect the results achieved by Biofarm.