AgroCan has Begun Trading On Nasdaq: OTCBB.

Business Editors

HONG KONG--(BUSINESS WIRE)--June 12, 2000

AgroCan Corporation (OTCBB:AGRN), a Chinese compound fertilizer developer, manufacturer and distributor has begun trading its Common Stocks on the OTC Bulletin Board.

China is the world's leading producer of nitrogenous fertilizers and is also the world's largest fertilizer consuming country. AgroCan was the first and is still the only company in China to market fertilizer to the growing Chinese reforestation and commercial tree plantation industries.

AgroCan is based with more than 250 distributors and sales outlets in Guangxi, Jiangxi and the neighboring provinces. These two provinces are home to 70 million people, with 80 percent of the population living in rural, agriculturally based communities.

AgroCan currently dominates its local market with little or no direct competition, and carries no long-term debt. The company plans to expand its business through the opportunities China expects to receive from admittance to the World Trade Organization, through acquisitions of other domestic fertilizer companies, as well as through marketing opportunities currently being negotiated with an established Internet Portal company.

Lawrence Hon, President and CEO of AgroCan, said: "Right now we are a company in a focus niche regional market. Our goal is to take our successful business model, which has been profitable under our established and experienced management team, and expand our manufacture base and our market share. We have every expectation that this company will grow into a big company serving the national agricultural market, which is one of the largest in the world."

AgroCan (China) Inc., was established in 1996 to develop, produce and sell fertilizers and other products to enhance the agricultural output of China. The Company's current line of fertilizers is sold to industries and individual farmers producing such diverse crops as rice, wheat, corn, sugar cane, banana, tobacco, and tropical and sub-tropical fruit trees and vegetables apart from its expertise in eucalyptus, poplar, acacia and pine trees.

"Safe Harbor" Statement Under The Private Securities Litigation Reform Act of 1995: The statements in this news release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur.