Mr. Hari Varshney reports

ZOGLO'S ANNOUNCES $700,000 PRIVATE PLACEMENT OF UNITS

Zoglo's Food Corp. has arranged a non-brokered private placement offering of up to 12,727,272 units at a price of 5.5 cents per unit for gross proceeds of up to $700,000. Each unit consists of one common share of the company and one whole common share purchase warrant. Each warrant will entitle the holder thereof to acquire one common share at an exercise price of 10 cents per common share for a period of 36 months from the closing date of the offering.

The net proceeds of the offering are expected to be used for general working capital purposes and to pay the company's outstanding payables. The securities issued under the offering will be subject to a statutory hold period in Canada expiring four months and one day from the closing of the offering. No finders' fees are payable in connection with the offering.

All references to currency in this news release are to Canadian currency. The company shall obtain securityholder approval for the offering, by consent resolution, in accordance with Section 4.6(2) of Canadian Securities Exchange Policy 4 (Corporate Governance, Security Holder Approvals and Miscellaneous Provisions).

About Zoglo's Food Corp.

Zoglo's Food is a publicly traded company listed on the Canadian Securities Exchange under the ticker ZOG and on the Frankfurt Stock Exchange under the ticker KX9.

We seek Safe Harbor.