BRIEF-Wide Open Agriculture Signs Binding MoU With Jay Albany For Sale Of Dirty Clean Food

Reuters03-11

March 11 (Reuters) - Wide Open Agriculture Ltd :

* SIGNS BINDING MOU WITH JAY ALBANY FOR SALE OF DIRTY CLEAN FOOD

* DEAL FOR A$1.5 MILLION

* AS DIRECT CONSEQUENCE OF AGREEMENT, JAY ALBANY TO RELINQUISH ROLE AS CEO

* TRANSACTION IS ANTICIPATED TO SIGNIFICANTLY LOWER CASH BURN, ENHANCE SALES FOCUS, AMONG OTHERS

Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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