Agronix, Inc. Retaints the Services of iCapital Finance, Inc.

Irvine June 4, 2004--Agronix, Inc., a Vancouver, Canada Corporation (OTC BB: AGNI) ("the Company"), announced that it has engaged iCapital Finance, Inc. ("iCapital") as its corporate financial consulting firm to structure financing and provide capital resources, identify merger and acquisition candidates, and advise the Company's management on other strategic decisions.

"iCapital has a direct connection to the investment community which will help us quickly move forward with our strategy," said Peter Drummond, CEO of Agronix. "Their vast experience will aid in our overall market support. We are pleased to be associated with this premier firm in this exciting industry."

Randall Letcavage, Managing Director of iCapital, states, "Agronix is a total solution Company to waste processing. Where others have failed to engineer effective technology to process all biodegradable waste streams, Agronix has done just that; while at the same time driving down the cost of such processing. With such effective technology, the Company is poised for high revenue stream potential in a multi-billion dollar industry. We are looking forward to helping Agronix develop their integrated business model".

Irvine-based iCapital will provide Agronix with services ranging from the preparation of corporate documents to providing guidance and assistance in maximizing shareholder value.

ABOUT iCAPITAL FINANCE, INC.:
iCapital is a leading investment banking consulting firm specializing in the Micro and Small Cap Public Companies and Middle Market Private Companies. Clients range from NASDAQ, OTC.BB clients to AMEX and NASDAQ (Nation Markets) to a number of Middle Market Companies with revenues in excess of $250,000,000 and Municipal clients such as the State of New Jersey. iCapital offers a wide range of financial advisory services, including M&A, equity and debt financing, strategic advisory, and financial consulting. iCapital's industry experience and financial resources enables it to assist high growth companies meet their corporate objectives.

ABOUT AGRONIX, INC.:
Agronix, Inc. is a multi-faceted environmental company with a focus on producing value-added environmentally friendly products from organic wastes. Agronix owns acquired intellectual property and proprietary technologies, which process organic wastes such as animal manures, sewer sludge, industrial food production and other commercial wastes into saleable value-added organic products.

The information in this Press Release includes certain "forward-looking" statements within the meaning of the Safe Harbor provisions of Federal Securities Laws. Investors are cautioned that such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will provide to be correct. Factors that could cause results to differ include, but are not limited to successful performances of internal plans, the impact of competitors, and general economic risks and uncertainties.

Contact Information:
iCapital Finance, Cliff Keddie (ckeddie@icapitalfinance.com),
2603 Main Street, Suite 1150,
Irvine, CA 92614,
Office: (949) 260-8070;
Fax: (949) 260-0116




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