APPI Signs Broker

APPI Signs Broker

NEW YORK--Advanced Plant Pharmaceuticals Inc. (APPI) (OTCBB:APPI)signed an investment banking agreement and a letter of intent with the WallStreet discount brokers, J.H. Darbie & Co. As part of the banking agreement,J.H. Darbie will advise and assist APPI in its financial matters, includingformulating plans and methods of financing, obtaining financial management,technical and advisory services, and assisting in financial and corporate publicrelations.

Under the letter of intent, J.H. Darbie agreed to undertake on an exclusivebasis a private offering of 1.2 million shares of APPI's spin-off, AmazingNutritionals Inc., through a private placement to accredited investors; theoffering price was set at $1 per share.