Large Ukrainian producer of agricultural commodities

U.S.-Ukraine Business Council (USUBC), Washington, D.C., Monday, September 13, 2010

WASHINGTON, D.C. - Landkom International PLC ("Landkom"), a large Ukrainian producer of agricultural commodities, has been approved for membership in the U.S.-Ukraine Business Council (USUBC), the USUBC executive committee announced today on behalf of the entire USUBC membership of over 130 companies and organizations who have business operations, investments or other development programs in Ukraine. Landkom is incorporated in the Isle of Man.

Landkom, based in Ukraine with a landbank of 74,000 hectares, produces grains such as barley, maize, soybean, rape seed, and wheat. The commodities are supplied directly and partially via grain traders to the global food and biofuel markets. In addition, company is operating dairy, beef, pigs and sheep farms. Within current business plan Landkom start to produce briquettes from straw with targeted market in Westren Europe.

The Company's operations are located throughout Ukraine with a current concentration of planted land situated in western, southern and center regions. The "black earth" land in Ukraine is among the most fertile in the world. In 2009 the company harvested over 29,000 hectares of crop delivering over 39,000 tonnes of oil seed and grain. In 2010, Landkom has to harvest crop from at least 39,000 hectares of land.

Landkom uses latest equipment and farming practices to consistently deliver yields considerably above the Ukrainian historical averages. Future demand for agricultural feedstock's looks strong with increased demand from growing populations, increased protein intake combined with legislated demand for biodiesel related feedstock's. With its varied crop outputs, Landkom is well placed to take advantage of price rises occurring from supply demand

Ukraine currently has a moratorium in place preventing the freehold sale of Agricultural land, therefore the Group leases land. Agriculture land leases extend on average to approximately 10 years and contain right to renew and right to buy provisions at the end of the lease period.

Landkom is a major positive contributor to the local Ukrainian economy, contributing to social welfare projects, reinstating derelict land to farming and improving the quality of existing farmland through sustainable high input agricultural practices.

Vitaliy Skotsyk has been Chief Executive Officer of Landkom International PLC., since November 2009. Mr. Skotsyk was appointed a Director of Landkom International PLC on September 28, 2009. Mr. Skotsyk has worked in key positions in agricultural businesses in Ukraine, UK and the USA.

Mr. Skotsyk has valuable local and international experience in the agricultural sector, having built up and led AMACO, one of the largest agricultural equipment and input suppliers in Ukraine and the CIS over the past 12 years. He has a PhD in Agriculture from the Ukraine State Agriculture University, a Doctorate of Economics in Strategic Management from the International Management University, Kiev.

Since his appointment as Chief Executive, Vitaliy Skotsyk has implemented a number of significant improvements, both in terms of cost and efficiency, including reduction of labour force and increased efficiency of farming methods. He has also strengthened Landkom's operational management by recruiting an experienced team with a significant track-record in the Ukrainian agricultural sector.

Vitaliy Skotsyk, in relation to the 2010 harvest in Ukraine, said last week: “We are very pleased by the harvest of our core crop. These results, with their improved margins, clearly demonstrate the productivity of our farming techniques and operational expertise as they have been achieved despite the vastly reduced input costs. We are on course to complete all the outstanding harvesting of the other crops over the next few months and have already started planting for next year.”

"I have known Vitaliy Skotsyk for several years. He is a young, outstanding agribusiness leader in Ukraine," said Morgan Williams, Director, Government Affairs, Washington Office, for the SigmaBleyzer Private Equity Investment Management Group, who serves as President of the U.S.-Ukraine Business Council (USUBC). "USUBC is most pleased to have the opportunity to work with Landkom under Vitaliy's progressive leadership.

More information about Lankom International can be found at:

USUBC has a very active Agribusiness Working Group. Members of the USUBC Agribusiness Working Group include: Agro NovaNyva (SigmaBleyzer); Air Tractor, Inc.; AMACO Ukraine; Archer Daniels Midland (ADM); AGCO/Massey Ferguson; Amity Technology, Inc; Bueling, Inc.; Bunge; Cargill; Case New Holland (CNH); CHS Ukraine; Dreyfus Commodities; Equipment Direct; Great Plains Manufacturing, Inc.; Horizon Capital/Emerging Europe Growth Fund (Agro-Soyuz Corporation); John Deere; Kraft; Kyiv-Atlantic Ukraine; Landkom International; Reinke Manufacturing, Inc.; SE Raelin/Cajo, Inc; Ukrainian Agrarian Confederation, Ukrainian Grain Association and the WJ Group/PolyGrain.

Over One-Hundred Thirty Members, Sep 2010, Membership in January of 2007 was 22.
The complete list of USUBC members can be found at:

[1] Anders Aslund, Senior Fellow
Peterson Institute for International Economics, Washington, D.C.

[2] Ariel Cohen, Ph.D, Senior Research Fellow
Allison Center for International Studies,
Davis Institute for International Studies,
The Heritage Foundation, Washington, D.C.

[3] Keith Crane, Senior Economist
Rand Corporation, Washington, D.C.

[4] James Greene, President
Effective Engagement Strategies, LLC, Washington, D.C.
Former Head, NATO Liaison Office Ukraine

[5] Anatoliy Kinakh, Head
League of Industrialists and Entrepreneurs of Ukraine
Member of Parliament of Ukraine, Kyiv, Ukraine

[6] David Kramer, Senior Transatlantic Fellow
The German Marshall Fund of the United States
Washington, D.C.

[7] Leonid Kozachenko, President
Ukrainian Agrarian Confederation (UAC), Kyiv, Ukraine

[8] William Green Miller, Senior Policy Scholar
Woodrow Wilson Center, Washington, D.C.
Former U.S. Ambassador to Ukraine

[9] Steven Pifer, Senior Fellow
The Brookings Institution
Senior Advisor, Russia & Eurasia Program, CSIS, Washington, D.C.
Former U.S. Ambassador to Ukraine

[10] Dr. Edilberto Segura, Partner, Chief Economist
SigmaBleyzer Private Equity Investment Group
Chair of the Advisory Board of The Bleyzer Foundation, Kyiv, Ukraine

[11] Keith Smith, Senior Associate
Europe Program, Center for Strategic and International Studies (CSIS)
Former U.S. Ambassador to Lithuania, Washington, D.C.

[12] William B. Taylor, Jr., Vice President, Peace & Stability Operations
United States Institute of Peace, Washington, D.C.
Former U.S. Ambassador to Ukraine

[13] Damon Wilson, Vice President
Atlantic Council of the United States, Washington, D.C.

[14] James Wilson, Director
EU Ukraine Business Council (EUUBC), Brussels, Belgium

For Year 2010 (

[1] Margarita Karpenko, Managing Partner
DLA Piper Ukraine LLC, Kyiv, Ukraine

[2] Michael E. Kirst, Regional Vice President
Central/Eastern Europe and Russia
Westinghouse Electric Company, Brussels, Belgium

[3] John R. Miller, Director,
International Business Development, Europe, Israel, Sub-Sahara
Raytheon International, Inc., Arlington, VA

[4] Dr. Irina Paliashvili, President and Senior Counsel
RULG-Ukrainian Legal Group, P.A., Washington, D.C./Kyiv, Ukraine

[5] Andrew A. Pidgirsky, Chairman, Board of Governors,
Ukrainian American Bar Association (UABA), Houston, TX

[6] Samir B. Sahgal, Director, International Operations
Washington, D.C. Operations, The Boeing Company, Arlington, VA
Treasurer, USUBC

[7] Diana Sedney
Manager, International Government Relations
Policy, Government and Public Affairs, Chevron Government Affairs
Chevron, Washington, D.C.

[8] John F. Steele, Director, International Government Affairs
Eli Lilly and Company, Washington, D.C.

[9] Vanessa Stiffler-Claus, Director, International Affairs
John Deere Public Affairs Worldwide, John Deere, Washington, D.C.

[10] Patrick H. Sweet, President
Sweet Analysis Services, Inc. (SASI), Alexandria, VA

[11] E. Morgan Williams, Director, Government Affairs, Washington Office
SigmaBleyzer Private Equity Investment Group, Washington, D.C.
Chairman, Executive Committee, USUBC, President/CEO, USUBC

[12] Van A. Yeutter, Vice President, Corporate Affairs
Cargill, Washington, D.C.

[13] Jack I. Heller, Attorney at Law
Heller & Rosenblatt, Washington, D.C.
Legal Counsel, USUBC