Jul.
 Established Eugene Science Inc.

Jan.
 Developed an oil-soluble cholesterol-lowering food additive, the first of
the EuChol™ series.
 
Feb.
 Selected by Korea Institute of Industrial Technology as one of the
Technology Business Incubator firms to receive a government fund.
 
Mar.
 Selected as an Incubator Venture Firm by Seoul National University. 
 
Mar.
 Opened a laboratory at Seoul National University.
 
Jul.
 Successfully completed the 2nd pre-clinical trial of EuChol™
 
Dec.
 Certified as a "venture firm," a designation given by a government
agency for government funding support.
 
Dec.
 Developed a water-soluble cholesterol-lowering food additive,
the second of the EuChol™ series.

Jun.
 Successfully completed the 3rd and 4th pre-clinical trial of EuChol™.
 
Oct.
 Filed a PCT(Patent Cooperation Treaty) world patent application
for the oil-soluble EuChol™.

Mar.
 Filed a PCT world patent application for the water-soluble EuChol™.
 
Apr.
 Received an equity investment from Hambrecht & Quist, Asia Pacific
(http://www.hamquist.com).
 
Jul.
 Completed the construction of Eugene BioTech Research Center,
the corporate research laboratory.
 
Nov.
 Launched Cholzero™, the first series of consumer beverages
made with the cholesterol-reducing food additive, EuChol™.
 
Nov.
 Received the Excellence Award for Venture Company from
the Small Business Administration.
 
Nov.
 Received the National Technology Award from Ministry of Commerce,
Industry and Energy.
 
Dec.
 Protein Chip project, Selected by governmental Future Innovative
Development Program, Ministry of Commerce, Industry & Energy of
Korea.
 
Dec.
 Launched Cholzero™ products under the project of 'cholesterol
program'.

Jan.
 Started exporting Cholzero™ products to USA.
 
Mar.
 Participated in Foodex Japan 2001.
 
Apr.
 Participated in Vitafood International 2001.
 
Jun.
 Participated in Bio USA 2001.
 
Jul.
 Participated in New Tech Korea 2001.
 
Jul.
 Participated in Sciencee Festival 2001.
 
Sep.
 Participated in Chinese Food Expo 2001.
 
Sep.
 Participated in Anuga 2001.
 
Oct.
 Stratigic alliance with Hokuyo Koeki & Meiji Seika.
 
Dec.
 Received BioIndustry Award, Bioindustry Association of Korea.

Feb.
 Selected as a 100 Wrold Innovative Product, Ministry of Commerce,
Industry & Energy of Korea.
 
Mar.
 Investment and distribution (Japan) agreement with
Hokuyo-Koeki concluded.
 
Mar.
 Started exporting KRW 7B amount of EuChol to Japan with
KRW 4B amount of Investment.
May.
 Business agreement with OTTOGI for Cholzero™ oil.

Apr.
 EuChol™ and Cholzero™ received GH mark from
Korea Health Industry Development Institution.
 
Apr.
 Acquired Good Health Certificate, Korea Health Industry Development
Institute.
 
Apr.
 Participated in SEOUL FOOD 2003.
 
May.
 Participated in VITAFOOD INTERNATIONAL 2003.
 
Jul.
 Participated in IFT FOOD EXPO 2003.
 
Nov.
 Korean President Award and Million Dollar Export Award.

Mar.
 MOU signed with Korea Ginseng Corp. for EuChol™ supply and
collaborated product development.
 
Apr.
 Strategy alliance agreement with ADM for North America and Europe
concluded.

Mar.
 Exclusive license agreement for CZ™ containing products with
Nutra Nano Tech for North America