Australian Agriculture and Property Development Corporation Issues Clarification That It Has Not Merged With WorldSource, Inc.

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,

[phone], or , for Australian Agriculture and Property

Development Corporation



Web site:  http://www.aapdinc.com/ 

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