Agritech Worldwide, Inc. announced the resignation of Mr. Edward B. Smith as Director, acting Chief Executive Officer, principal executive officer and principal financial officer effective immediately. Mr. Smith's resignation was in connection with the winding down of the Company's operations and winding up of the Company's business affairs, and not a result of any disagreement with the Company. The Company's sole Director elected Craig R. Jalbert, as a director, effective immediately.

In addition, the Company's sole Director appointed Mr. Jalbert as acting Chief Executive Officer, principal executive officer and principal financial officer of the Company. Mr. Jalbert will serve as a director with a term expiring at the Company's next annual meeting of stockholders and until his successor has been duly elected and qualified. Mr. Jalbertwill serve as an officer of the Company with a term expiring at the Company's next annual meeting of stockholders and until his successors have been duly elected and qualified.

Mr. Jalbert has served as a principal of the Foxboro, Massachusetts accounting firm of Verdolino & Lowey, P.C. since 1987.