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Certified Organics To Fund North American JV

Certified Organics Share Placement To Fund North American JV

Statement made by David Warrick, Managing Director, Certified Organics Limited

Certified Organics is placing an issue of 5.2 million shares at market rates with New Zealand investors, raising $350,000 before costs, which it will use to progress development of a North American joint venture.

The placement has been arranged through a New Zealand broker, and is made under the New Zealand Exchange’s “10% rule”.

We are pleased with the level of interest shown in the placement, and see it is an indication that the market is keeping a watching brief on us as we make headway in transforming our unique patents into commercial products sold internationally.

Over the past year we have been working with North American interests on developing a joint venture to distribute and market our products in North America.

Those discussions have reached the point where we are entering into detailed negotiation with a distribution company. The funds raised will help take this initiative to its final conclusion.

We anticipate being able to make a specific announcement in relation to this development by the end of the first quarter next year.

We have also selected a North American marketing partner that would provide the marketing funds and promote the proposed joint venture’s products.

In another development we have signed a distribution agreement with Intrachem Bio ( International ) SA of Geneva, Switzerland, for it to be our exclusive distributor in Switzerland, Italy, Spain and Portugal.

Intrachem, which is the world’s largest dedicated distributor of environmentally safe biochemical products, intends to market our products in Europe in 2004.

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