AGR Agritec Systems Inc.

AgriTec Systems, Inc. ("AgriTec" or the "Corporation") (TSX VENTURE:AGR) is
pleased to announce that it has entered into agreements with four Texas
investors to purchase 20,000 Series A Preferred Shares at $1.00 form the
treasury of the Corporation, for gross proceeds to AgriTec of $20,000. Each
Series A Preferred Share shall be entitled to receive a cumulative dividend at
the rate of 7% per annum, is redeemable at the option of AgriTec and is
convertible into three listed Common Shares of The Corporation for a period of
five years. The placement was completed on a nonbrokered basis, and no
commission or finders' fees are payable in connection with the transaction.
Proceeds of the placement will be used for general working capital for the
Corporation. The required documentation is being filed with the TSX Venture
Exchange, and completion of the private placement is pending regulatory
approval. 


AgriTec is a Houston, Texas based corporation engaged in the pursuit of "clean
tech" business opportunities for the conversion of bio-mass (specifically rice
hull ash) into value added commodities, and has been issued a number of
world-wide patents in this regard. The Corporation's common shares are listed on
the TSX Venture Exchange under the trading symbol "AGR".

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