Mr. Jarrett Malnarick reports

AFFINOR GROWERS SIGNS LICENSING AGREEMENT WITH PRIVATE ALBERTA GROWER

Affinor Growers Inc. has signed a non-exclusive licensing agreement with a private Alberta-based company. The agreement allows the licensee to purchase and install Affinor's growing towers in order to grow and produce strawberries and romaine lettuce at a single location in Alberta.

Affinor expects to receive payment for the towers during late fall. When the towers are installed and producing, under the agreement, Affinor will receive 10 per cent of sales as a royalty up to $100,000 in royalty payments and then a 3-per-cent-of-sales royalty thereafter.

Jarrett Malnarick, president and chief executive officer of Affinor, comments, "Affinor Growers is pleased to sign another licence agreement in Alberta, now allowing us to install our technology in a variety of locations throughout North America."

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