0 million , or $2.3 million, or $1.56 per share, last year.
Excluding the impact of currency translation, company equipment sales are
expected to increase by 9 to 11 percent for the year and by 13 to 15 percent
for the third quarter.
"Our efforts to build, and grow, a great business are moving ahead as
planned and are driving our financial and operating performance to new
levels," Lane said.

The increases were mainly due to
higher shipments, reflecting continued strong retail demand , as well as
improved price realization and the impact of currency translation. Operating profit was $135
million for the quarter and $133 million for six months, compared with
$152 million and $171 million last year.S.

Environmental and Production Benefits Drive Greater Demand for Biotech Crops

Completion of
just these steps in our long-term strategic plan could result in increased
revenues of $500,000 or more. USBO is striving to be the U.

supra agri

"At the same time , our efforts to hold the line on
operating costs and asset levels are helping us deliver record financial
results.280
billion, or 38 percent of previous 12-month sales, compared with $6.5 million for six months versus $62. Last year, Deere's credit operations benefited from gains on retail
notes sold during the quarter and first six months.S. However, demand in
other parts of the world has continued to grow. In this environment,
Deere sales of construction and forestry equipment are forecast to rise
by 18 to 20 percent for fiscal 2005.36 $2. Agriculture," is available on the
Internet at http://www.

PRESS RELEASE USBO Announces Long Term Strategy

usbioteccorp.

grazing informaton

Sales declined 6 percent for the
quarter and 7 percent for six months, reflecting the impact of
unseasonably cold, wet weather on the sale of consumer riding lawn
equipment during an important selling period. In South
America, industry sales are now forecast to be down about 40 percent,
primarily due to conditions in Brazil, where negative factors include a
weaker U.

-- Construction + Forestry.
economic conditions and an increased level of spending on construction
projects. Full-year net income is expected to be about $315
million, reflecting strong performance in the company's credit
operations and an improvement in health-care results. Net receivables and
leases administered, which include receivables previously sold, totaled
$17.448 billion one year ago. Prices for
pulp, lumber and structural panels are important to sales of forestry
equipment.88 +29 $3.31 $2.56 +29

* Includes equipment operations outside the U. The transportation cashflow is immediate and
expansion requires very little capital.

pesticides agri

8 million, or $3.S. Improved price realization offset the
increase in raw material costs for the quarter and largely offset the
increase experienced year to date. Operating profit improved to $233 million for the quarter and
$334 million for the year to date compared with $144 million and $237
million last year.S.


John Deere Capital Corporation
The following is disclosed on behalf of the company's credit subsidiary,
John Deere Capital Corporation (JDCC), in connection with the disclosure
requirements applicable to its periodic issuance of debt securities in the
public market.7 million for
the year to date , compared with net income of $67.
Net receivables and leases financed by JDCC were $15. The Company,
however, undertakes no obligation to update or revise its outlook, whether as
a result of new developments or otherwise.S.

** Operating profit is income before external interest expense, certain
foreign exchange gains or losses, income taxes and corporate expenses. Department of Agriculture's National
Agricultural Statistics Service and surveys of crop specialists from various
universities. While insect-resistant traits increased production,
herbicide-resistant varieties generated the greatest reduction in production
costs by reducing the amount of pesticide needed and lowering costs associated
with hand weeding and mechanical cultivation., and lead author of the study ., a subsidiary of US BioTec, Inc.

degradation pests

88 per
share, for the same period last year. Net sales of the equipment operations were $6.208 billion for the corresponding periods last year. Lane, chairman and
chief executive officer. Markets for construction equipment are
experiencing further growth as a result of generally positive U.org .

To assist with this growth concept, USBO will enhance its transportation
and distribution subsidiary -- TelStar Logistics Corp. The growing season for farmers is
upon us and mandates the need for manufacturing and transporting our
product," declares Jack Joyner, Chairman of the Board of TelStar Logistics
Corp. All
statements, other than statements of fact, included in this release may
include forward-looking statements that may involve risks and
uncertainties.

consumption crops

546 billion for six months, compared with $5.

-- Construction + Forestry.S.S.

-- Financial Services. Federal Reserve Board and other central banks;
actions by the U.S.

About US BioTec

US BioTec was established to profitably develop, manufacture , market and
distribute bio-degradable, non-toxic and non-carcinogenic products to
agriculture , the commercial turf industry, forestry, golf courses,
professional landscapers, nurseries and mass market retail lawn and garden
markets.S.

degradation disseminate

- Quarterly net income hits record $604 million; sales and revenues up
13 percent. "We are also providing value to investors in the form of
higher dividends and stock repurchases. Having a positive impact for
the quarter and six months was improved price realization, which offset
an increase in raw material costs. Farmers in the region
are expected to see good levels of income this year; however equipment
sales in Spain and Portugal are being hurt by dry weather.400 billion at April 30, 2005, compared with $15 . The levels of public and non-residential construction also impact
the results of the Company's construction and forestry segment.93 +27 $3.
Regionally, Midwestern states of Iowa, Nebraska , Indiana, Illinois and
Minnesota experienced the greatest benefits from biotech crops. Winters said adopting the technology not only helps her
operation remain profitable, but also lessens agriculture 's environmental
footprint.
"Farmers want to be good stewards of the land because it is the source of
their livelihood," said Sujatha Sankula, Ph.

forage nrc

"We're
continuing to add new customers worldwide who appreciate the quality and value
of our advanced products and services," said Robert W. Outside the U. Production levels are expected to be down 7 to 9
percent in the second half of the year with most of the reduction occurring in
the fourth quarter. The planned lower production rates are expected to bring
down year-end trade receivable and inventory levels as company factories
prepare for the introduction of new products in 2006.

-- Commercial + Consumer Equipment . Deere's commercial equipment
sales are benefiting from the extensive product introductions of recent
years. and Canada", and "outside the U.
However, operating profit of the credit segment includes the effect of
interest expense and foreign exchange gains or losses .
"When biotech crops were first commercialized, many farmers were
interested in trying out the new varieties, and now we're realizing more
benefits with each year of planting," said Winters ."
The study is an annual update of a 2002 report by NCFAP that analyzes,
quantifies and documents the agronomic, economic and environmental impacts of
biotech crops on U. The complete study, "Biotechnology -Derived
Crops Planted in 2004 - Impacts on U.

informaton crops

31 per share, compared with $648."

Summary of Operations
Company equipment sales in the U.S. Production in the second
half of last year was unusually high as a result of strong retail demand
related in part to expiring tax incentives . and Canada to be up 5 to 10 percent
for fiscal 2005 in comparison with last year. dollar , lower commodity prices, and increased input costs.
JDCC's net income was $61.S.S.S.
Donna Winters, who grows biotech cotton, corn and soybean on her farm in
Lake Providence, La.ncfap.
These include; (i) negotiating exclusive marketing agreements, (ii)
expansion of the company's distribution system, and (iii) securing a
Florida marketing firm to provide sales and support to that area's large
population of growers.

beekeeping ciat

Deere Delivers 27% Increase in Second-Quarter Earnings

Strong customer response to John Deere products and a continuing focus on
operating efficiency are contributing to the company's performance.
The number of housing starts, interest rates and consumer spending
patterns are especially important to sales of the Company's construction
equipment. Company results are also affected by changes in market values of
investment assets and the level of interest rates , which impact postretirement
benefit costs, and significant changes in health care costs. Farmers Experience Year-on-Year Improvements From Biotech Crops

WASHINGTON, corn, soybean, cotton , papaya, canola and squash --
and is based on data from the U. To learn more about US BioTec and its
products, please visit www.

ciat grazing

Deere's asset-management efforts are continuing to yield positive results.
Trade receivables and inventories at the end of the quarter were $7.55 billion to $1. Division sales increased 17 percent for the
quarter and 20 percent for six months. Improved price realization offset higher raw material costs in
both periods. Last year's results benefited from gains on retail notes sold
during the quarter and six months, while results for first-quarter and first
six months of 2005 benefited from growth in the portfolio and a lower
provision for credit losses , partially offset by lower financing spreads., has personally experienced the benefits of growing
biotech crops. Most
importantly, planting biotech varieties promotes conservation farming
practices, which is important to me because I want my grandchildren to
continue farming on our land.

The National Center for Food and Agricultural Policy is a private,
nonprofit, non-advocacy research organization based in Washington, D.

crops agriculture

com/cgi-bin/prnh/20030326/JOHNDEERELOGO )
Worldwide net sales and revenues grew 13 percent to $6.6 billion
for 2005 and in a range of $450 million to $475 million for the third quarter. As a result of these steps, we're
confident the company is in a good position to continue delivering exceptional
financial results and solid investor returns over the long term . Given these conditions, Deere expects
industry retail sales in the U. These factors are expected to continue driving fleet
replenishment by contractors and rental companies. and Canada have moderated in recent months. and Canada".
According to the study, insect-resistant crops again produced the greatest
yield increase among the crops studied, improving food and fiber production by
6. "In my operation, biotech
crops have improved my profitability by 5 to 10 percent because I can spend
less money on inputs while boosting production by 10 to 15 percent.

crop pesticides

MOLINE , Ill.118 billion for six months, compared with $726 million and
$924 million last year.

Company Outlook
Deere's net income is now projected to be $1.
Operating profit was $488 million for the quarter and $651 million for
six months, compared with $430 million and $516 million last year.63 +28
Net income - diluted $2. and Canada as follows:
Net sales $1,800 $1,550 +16 $2,924 $2,465 +19
Operating profit $253 $227 +11 $364 $335 +9

The company views its operations as consisting of two geographic areas,
the "U.5 billion pounds. farm and food policy and international trade and development.

The final cog in the strategy involves current negotiations with a company
that has capabilities to market to vegetable and fruit growers primarily in
Florida, whereby USBO would manufacture its biotech products for the
Florida marketplace and transport them to the potential distributor for
state wide sales, thus creating a seamless and cost effective operation.

Certain statements in this news release may contain forward-looking
information within the meaning of the Federal securities laws.

beekeeping eardisley

- Business-improvement efforts driving healthy operating leverage .

- Company increases earnings projection for full year.5 million for the
quarter and $162."


Equipment Division Performance

-- Agricultural Equipment.

Safe Harbor Statement
Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995: Statements under "Company Outlook," "Market Conditions and Outlook,"
and other statements herein that relate to future operating periods are
subject to important risks and uncertainties that could cause actual results
to differ materially. Such estimates and data are often revised. Farmers who practice "no-till" farming leave their
soil undisturbed, thereby reducing soil erosion and pesticide runoff. agriculture.
US BioTec, Inc.

USBO will continue to focus on providing agriculture resources as its
primary source of revenues; however, Chief Executive Officer, Jimmy Joyner
announces a three-pronged approach to promote future growth of the company.

degradation pests

Market Conditions + Outlook

-- Agricultural Equipment.4 million and $136.
"Biotech crops have helped them make great strides and adopt conservation
tillage practices, which not only reduces erosion but also decreases
greenhouse gas emissions that result from cultivating the soil.

Includes Forestry , Horticulture and Soil Science.

fisheries nrc

Deere's equipment divisions reported operating profit of $856 million for
the quarter and $1. The operating profit increases were mainly a result
of higher sales and efficiencies related to stronger production
volumes.260 billion at April
30, 2005, compared with $12.
Factors affecting the outlook for the Company's commercial and consumer
equipment segment include weather, general economic conditions in these
markets, consumer confidence, consumer borrowing patterns, consumer purchasing
preferences, housing starts, and spending by municipalities and golf courses. Securities and Exchange Commission; actions by
environmental regulatory agencies, including those related to engine emissions
and the risk of global warming; actions by other regulatory bodies; actions by
rating agencies; capital market disruptions; investor sentiment; inflation and
deflation rates, interest rate levels and currency exchange rates; customer
borrowing and repayment practices, and the number of customer loan
delinquencies and defaults; actions of competitors in the various industries
in which the Company competes, particularly price discounting; dealer
practices especially as to levels of new and used field inventories; labor
relations; changes to accounting standards; the effects of terrorism and the
response thereto; and legislation affecting the sectors in which the Company
operates.1 million pounds annually). Many
production factors vary each year, but we are able to sustain improved
profitability and yield by using biotechnology despite those variances.
NCFAP receives funding from public and private institutions, including
government agencies, philanthropic organizations, private corporations and
others. There can be no assurance that such statements will be
accurate and actual results and future events could differ materially from
those anticipated in such statements.

soils degradation

43 per share, for the
second quarter ended April 30 , compared with $477.1 million, or
$2.newscom. Currency is forecast to add about two percentage points
to sales for both periods. The U. Some of these risks and uncertainties could affect
particular lines of business, while others could affect all of the Company's
businesses.
All of the Company 's businesses and its reported results are affected by
general economic conditions in and the political stability of global markets
in which the Company operates; production and technological difficulties ,
including capacity and supply constraints and prices, including for supply
commodities such as steel and rubber; oil and energy prices and supplies; the
availability and cost of freight; trade , monetary and fiscal policies of
various countries; wars and other international conflicts and the threat
thereof; actions by the U.

"Negotiations are underway which may create strategic relationships to
further develop, market and distribute US BioTec's unique line of non-toxic
and non-carcinogenic products in agriculture, lawn and garden markets.

supra horticulture

0
million last year.

ornament informaton

The Company's outlook is based upon assumptions relating to the factors
described above, which are sometimes based upon estimates and data prepared by
government agencies.43 $1.
Established in 1984 at Resources for the Future, the center became an
independent organization in 1992. In order to facilitate this move, the
company has achieved great progress toward securing its two-year audit, as
a result of employing its present consulting group. TelStar currently
operates a fleet of trucks capable of transporting up to 80 tons of
material per week to distributors from the company's present plant . Further steps could help take USBO to the
next level with significantly higher revenues over the next 1-2 years,"
adds Jimmy Joyner. market leader in the expanding
bio-chemical sector of the annual multi-billion dollar agricultural
chemical marketplace.

The science and technology of growing living things (plants and animals) for human consumption or use as pets, ornament, food, fiber, or construction material.

crops agribusiness

296 billion and
$8.113
billion, or 40 percent of sales, a year ago. The increases were primarily due to growth in the credit
portfolio, reflecting strong demand for John Deere products , as well as a
lower provision for credit losses, partially offset by lower financing
spreads.

-- Commercial + Consumer Equipment.

Second Quarter 2005 Press Release
(millions of dollars and shares except per share amounts)

Three Months Ended Six Months Ended
April 30 April 30
% %
2005 2004 Change 2005 2004 Change
Net sales and revenues:
Agricultural
equipment
net sales $3,292 $2,816 +17 $5,302 $4,412 +20
Commercial and
consumer equipment
net sales 1,235 1,318 -6 1,758 1,888 -7
Construction and
forestry net
sales 1,492 1,162 +28 2,486 1,908 +30
Total net
sales* 6,019 5,296 +14 9,546 8,208 +16
Credit revenues 343 324 +6 673 639 +5
Other revenues 259 257 +1 529 514 +3
Total net sales
and revenues * $6,621 $5,877 +13 $10,748 $9,361 +15

Operating profit
(loss): **
Agricultural
equipment $488 $430 +13 $651 $516 +26
Commercial and
consumer equipment 135 152 -11 133 171 -22
Construction and
forestry 233 144 +62 334 237 +41
Credit 109 110 -1 235 227 +4
Other 6 (17) 15 (12)
Total operating
profit * 971 819 +19 1,368 1,139 +20
Interest, corporate
expenses and income
taxes (367) (342) +7 (541) (491) +10
Net income $604 $477 +27 $827 $648 +28

Per Share:
Net income - basic $2. Herbicide-resistant varieties
cut costs by $1.5 million pounds. If
the current distribution relationship is finalized, we will be in a
position to greatly expand our sales without incurring the costs associated
with creating and developing these marketing systems," stated Jimmy Joyner,
CEO of US BioTec.
"This opportunity to develop a complete system to market to farming
operations in large vegetable and fruit producing areas would be a
significant milestone for USBO , and we look forward to continued
negotiations with the present distributor as well as others.

crops soils

, Deere + Company (NYSE: DE) today
announced worldwide net income of $604.
(Logo: http://www . and Canada, sales
increased by 11 percent and 13 percent for the respective periods excluding
currency translation and by 16 percent and 19 percent on a reported basis.

In other parts of the world, industry retail sales in Western Europe
are forecast to be down 5 percent for the year .

Based on these factors and market conditions, worldwide sales of John
Deere agricultural equipment are forecast to be up 9 to 11 percent for
the year excluding the impact of exchange rates.D.S.

(OTC: USBO), an emerging player
in the rapidly growing bio-chemical sector of the multi-billion dollar
agri-business industry, announced today a long term strategy which will
work in conjunction with one of the company's primary goals of moving from
the Pink Sheets to the OTCBB.

"Expanding our trucking operations would allow us to significantly grow
this segment of our revenues. The Company undertakes no obligation
to update forward-looking statements to reflect subsequently occurring
events or circumstances or to reflect unanticipated events or developments .

crop horticulture

748 billion for the first six
months.019 billion for the
quarter and $9. The improvements were primarily due to improved price
realization, increased shipments, efficiencies related to stronger production
volumes and lower postretirement benefit costs. The
operating-profit improvements were primarily driven by higher worldwide
sales, efficiencies related to stronger production volumes, and lower
postretirement benefit costs. Division sales rose 28 percent for the quarter
and 30 percent for six months reflecting strong activity at the retail
level.S.

Currency is expected
to add about three percentage points to the company's farm-machinery
sales for the year. Sales of John Deere commercial and
consumer equipment are now forecast to be flat to up 3 percent for the
year."
While the economic and production benefits have been significant, biotech
crops also make growers confident they can control weeds while reducing the
need to plow the land.C.

ciat disseminate

and Canada rose 13 percent for the
quarter and 15 percent for the six months. Partially offsetting these
factors for both periods were higher raw material costs.5 million and $142. Also included in financial
services results were improved health -care underwriting margins for both
periods. Six-month operating profit last year included a $30
million pretax gain for the sale of an equipment rental company. farm sector is expected to remain in
solid condition for the remainder of 2005 as a result of a high level
of cash receipts, including increased government payments, and strong
farmer balance sheets.5 million for the quarter and $129.7 million
last year.339 billion one year ago. The
agrichemical market , which is measured in the tens of billions of dollars
annually, is controlled primarily by a handful of large multi-national
corporations such as DuPont, Syngenta, Bayer, BASF, Dow Chemical and
Monsanto . The Company's products are designed to rehabilitate
soils, repel insects and increase crop (plant ) yields through
environmentally friendly alternatives to toxic man-made pesticides and
caustic synthetic fertilizers.com.

infosys eardisley

Cash receipts are forecast to be near last
year's record total , while farm debt levels remain steady and land
values continue to move up. Increased shipments of commercial products are expected to offset
weakness in consumer riding lawn equipment, where sales have gotten off
to a slow start due to cold, wet weather. Forestry markets in
the U.S. Further information concerning the
Company and its businesses, including factors that potentially could
materially affect the Company's financial results, is included in other
filings with the Securities and Exchange Commission. No-till
cotton acreage increased in the United States by 371 percent in 2004, while
soybean and corn no-till acres increased by 64 and 20 percent, respectively . Researchers at the National Center for Food
and Agricultural Policy conduct studies in four program areas: biotechnology,
pesticides, U.

fisheries degradation

For the first six months, net income was
a record $826.621 billion for the
second quarter and increased 15 percent to $10.
Financial services operations reported net income of $74.
In addition, drought conditions have had a negative impact on Brazilian
soybean production.
Forward-looking statements involve certain factors that are subject to
change, including for the Company's agricultural equipment segment the many
interrelated factors that affect farmers' confidence, including worldwide
demand for agricultural products, world grain stocks, the growth of non-food
uses for some crops, prices realized for commodities and livestock , crop
production expenses (most notably fuel and fertilizer costs), weather and soil
conditions , real estate values, available acreage for farming, the land
ownership policies of various governments , changes in government farm
programs, international reaction to such programs, animal diseases (including
bovine spongiform encephalopathy, commonly known as "mad cow" disease), crop
pests and diseases (including Asian rust and aphids), harvest yields,
availability of transport for crops and the level of farm product exports
(including concerns about genetically modified organisms).46 $1.8 billion and reduced pesticide use by 55. Iowa farmers
experienced the largest increase in farm income ($266 million) and the
greatest reduction in pesticides (9.S.

All of US BioTec 's products are non-toxic, non-carcinogenic and
bio-degradable alternatives to the toxic and sometimes carcinogenic
agrichemicals that have been widely used by farmers for decades.

ciat informaton

---

- - kjjkjk

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