ACQUIRES MOLDOVAN COMPANY MILLAGRO SRL FOR US$8.25 MILLION

www.ArtUkraine.com Information Service
Kyiv, Ukraine and Washington, D.C.
Tuesday, January 28, 2003

Washington, D.C...............The Trezac Corporation of Boca Raton, Florida announced on Tuesday, January 28, 2003 that the Company is closing into escrow, the acquisition of the Moldovan company Millagro SRL for $8.25m contingent upon audit clarifications. Trezac plans to file Form 8K with the SEC upon satisfaction of the audit clarifications.

Millagro SRL is a major agriculture and industrial company in Moldova with $3.9m in assets and $3.3m in revenues for fiscal 2001 (audited) and anticipates audited revenues for fiscal 2002 to approach $3.5m the Trezac statement said.

Founded in 1995, Millagro is Moldova's leader in developing and marketing high quality, competitively priced farm products, nutritional feeds and crop seeds for farming communities throughout Eastern Europe. The company is involved in the production and distribution of an entire line of staple foods according to the Trezac Corporation.

Paul Taylor, Chairman and CEO of the Trezac Company said the company plans to identifiy and acquire non-cyclical, consumer businesses in Moldova, Romania and Ukraine. He said the company has begun negotiations with potential acquisitions that have aggregate assets of approximately $130m and sales approaching approximately $100m.

According to Trezac Millagro has recently obtained exclusive rights to distribute farming and special purpose vehicles and equipment into Moldova from one of the world's largest specialist equipment manufacturers.

Millagro also develops seeds designed to reduce the need for chemical treatment, thus increasing crop yield, reducing spoilage, offering longer shelf life and creating better tasting food products with higher nutritional values stated the Trezac announcement.