AgriBioTech Inc. today announced that the company has issued 700,000 shares of common stock at $5 per share, totaling $3.5 million, to the State of Wisconsin Investment Board (SWIB).

The proceeds from the issuance will be used for working-capital purposes.

The State of Wisconsin Investment Board manages investments of more than $60 billion on behalf of 450,000 government employees and retirees.

"The State of Wisconsin Investment Board is pleased to make this additional investment in the
business and people of AgriBioTech to help realize their potential,'' said John Nelson, investment
director of small company stocks at SWIB.

AgriBioTech is a vertically integrated, full-service seed company specializing in the forage and turfgrass seed sector, complete with research and development of proprietary seed varieties, seed processing plants, and a national and international distribution and sales network. ABT's vision is to lead the turf and forage seed industry in discovering its value potential.

Company news release
N1986