Further to the news release of Aug 16 2012 a  Korean private entity in the skin care and similar cosmetics industry has made an appealing and an attractive unsolicited offer for the majority control block of AGIJ.

· An escrow agent has been located and documents forwarded for execution and the agreement is no longer an LOI in principle but a firm offer.

· The transaction is scheduled to close within the next 7 to 10 business days however can occur without further notice at any point.

· A separate news announcement will be made once the deal is finalized