Company Atlas Resources International, Inc.

Atlas Resources International, Inc. has operated as a packager and shipper of fruits from the United States to China. The Company had little or no operations until December 1999, when it acquired GlobeFruits, Inc. The Company's initial market development has been in the citrus industry. During the fiscal year ended March 31, 2003, the Company laid off all employees and curtailed all operating expenditures, except for essential filing requirements, until additional funding is obtained. Upon funding, implementing the original business plan with updated marketing data on the China market will resume. In addition, the Company will seek joint ventures and acquisitions to grow revenues and access new markets both domestically and internationally. Due to the lack of funding, Atlas has not been able to continue its marketing and distribution agreements with its existing distributors.