enters the taiwan market

Olea Australis Ltd today
announced the first sale of Dandaragan Select into Taiwan with product
being shipped directly to Yih-Chang Enterprises.
The addition of Taiwan as a market for its product continues the
group's expansion into Asia following the recent announcement of the
establishment of distribution into Hong Kong through the Park n Shop
Group, into Singapore through the Cold Storage Group and across
Australia through Coles Supermarkets.
To expand production and distribution capacity as demand grows,
the company is seeking to raise further capital.
The board is considering a number of alternatives and a further
announcement will be made when the capital raising is finalised.
Olea shares rose 0.5c to 9c this morning.