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[smpathy4dadevil]

110% INCREASE in SALES

http://www.investorshub.com/boards/read_msg.asp?message_id=797440

AGRN- http://www.agrocan.com/

AGRN is a reporting company/stock quote

http://www.pinksheets.com/quote/quote.jsp?symbol=AGRN

AgroCan Corporation owns AgroCan (China) Inc., A Deleware corporation that was established in 1996 to take advantage of the growing demand for fertilizers and other products and technologies that enhance the agricultural output of China. As of September 30, 2002, AgroCan (China) had established an annual production capacity of 125,000 metric tons for compound fertilizers in two agricultural provinces of China, Guangxi and Jiangxi, and planned to enter markets in other provinces. AgroCan (China) has three operating subsidiaries, Guangxi Linmao Fertilizer Company Limited, Jiangxi Jiali Chemical Industry Company Limited and Jiangxi Fenglin Chemical Industry Company Limited.

The Company, through AgroCan (China), produces various compound fertilizers. Compound fertilizers are the end product made from the combination of the three primary nutrients: nitrogen, phosphate and potassium, together with other elements, such as iron, zinc, copper and manganese. These elements are blended in different proportions and are made into pellets and packed into bags of 50 kilograms each. Compound fertilizers are also commonly called NPK fertilizers. The Company's compound fertilizers are designed and formulated for the specific climate, soil and crop requirements of each individual market.

AgroCan Corporation's main customers are the farming supply bureaus and cooperatives under the State Internal Trade Bureau of the People's Republic of China (PRC). These entities act as wholesalers to individual farmers. State-owned farms and plantations are also major accounts of the Company

The Company competes with Agrium Inc., Cargill Group, Norsk Hydro Group, Kemira Agro Group, BASF Group, Marubeni Corporation, Mitsubishi Corporation, Canpotex Ltd. and Sinochem Group.

Liquidity and Capital Resources - December 31, 2002

We reported a 110% increase in sales during the three months ended December 31, 2002 compared to the three months ended December 31, 2001. The Company believes that it has adequate funds to support operations for the current fiscal year ending September 30, 2003.