ProGreen US Inc. (fka PGUS)

[Daddy Rick]

Our Agricultural project - Contel's produce operations

OUR JV WITH CONTEL IS BASED ON A 50/50 PARTNERSIP WITH PROGREEN

PROGREEN PROVIDES THE FUNDING AND CONTEL PROVIDES THE LAND AT LOW COST AS WELL AS THEY DO THE WORK

PROGREEN GETS THE TOTAL COST OF INVESTMENT BACK WITH PRIORITY BEFORE ANY PROFITS ARE DISBURSED

AGRICULTURE DEVELOPMENT - BIG BUSINESS - BIGGER THAN OIL

RED CHILI PEPPERS FOR LARGE EXPORTER TO THE US

FIRST CONTRACT (IN PROGRESS) 3.2K-3.6K TONS, ON 100 ACRES

CONTRACT VALUE APPROX 1.25 MILLION $

HARVEST STARTING IN JULY FOR FIRST CUT WITH 2 AND 3 FOLLOWING

CLIENT HAS DEMAND FOR 8K TONS ANNUALLY, WHICH WILL TAKE 100 HA 250 ACRES

FIRST TRACT HAS 50 ACRES MORE FARMABLE LAND AVAILABLE FOR USE

MUCH MORE LAND AVAILABLE - SECOND TRACT, THAT WE ALREADY HAVE UNDER OUR JV CONTRACT IS A TOTAL OF 1900 ACRES WITH UP TO 800 SUITABLE FOR FARMING

3-YR OPTION FOR 12,500 ADDITIONAL ACRES WITH UP TO 4000 ACRES WHICH MAY BE SUITABLE FOR FARMING. WE WILL BE READY FOR THIS IN YEAR 3 IF CONTEL MEETS THE GOALS