Australian Agriculture and Property Development Corporation Issues Clarification That It Has Not Merged With WorldSource, Inc. CORAL SPRINGS, Fla., July 6 /PRNewswire-FirstCall/ -- In response to numerous shareholder inquiries, Australian Agriculture and Property Development Corporation (OTC:AUAP) (BULLETIN BOARD: AUAP) , an international land development company, today issued a formal clarification that it is not the company that merged with WorldSource, Inc. (OTC Pink Sheets: WDSC) as indicated in a news announcement released by WorldSource on June 30, 2005. In the announcement, WorldSource stated that it had merged with "Australian Agricultural Property and Development, Inc.," a company that no direct or indirect affiliation to Australian Agriculture and Property Development Corporation. About Australian Agriculture and Property Development Corporation Australian Agriculture and Property Development Corporation is an international land development company operating through various real estate development subsidiaries. The Company is primarily engaged in the acquisition and development of real estate in Australia, and intends to pursue development projects in the United States, South Africa and the Far East. Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statement of AUAP officials are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future AUAP actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance, or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and AUAP has no specific intention to update these statements. FOR MORE INFORMATION, PLEASE CONTACT Elite Financial Communications Group, LLC Stephanie Noiseux 407-585-1080 or via email at DATASOURCE: Australian Agricultural & Property Development Corporation CONTACT: Stephanie Noiseux, Elite Financial Communications Group, LLC, +1-407-585-1080, or , for Australian Agriculture and Property Development Corporation Web site: http://www.aapdinc.com/

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