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BEESFREE ANNOUNCES CAPITAL RAISE
Source: BeesFree, Inc. news release

BeesFree, Inc. (OTC QB: BEES), the worldwide distributor of BeesVita Plus™, an innovative composite food supplement for honeybees that strengthens the bee's immune system and prevents the effects of Colony Collapse Disorder (CCD), today announced it has consummated a private placement for an aggregate of approximately $542,000 through the issuance of preferred stock and warrants.

"This is an exciting time. We are moving into the manufacturing phase in the European Union," said David Todhunter, Chief Executive Officer of BeesFree, Inc. "We now have the funds necessary to produce and ship our product which will result in the generation of our first revenues. We expect to start shipping product in this calendar quarter."

This press release shall not constitute an offer to sell or a solicitation of an offer to buy securities. None of the shares to be issued to the investors nor the shares underlying the preferred stock and warrants issued to the investors will be or have been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.


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