Bodisen Biotech, Inc. - the First China Based Bio Fertilizer Company Listed on a US Stock Exchange; Bodisen Releases Fact Sheet.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Bodisen Biotech, Inc. (AMEX AMEX See: American Stock Exchange : BBC BBC in full British Broadcasting Corp. Publicly financed broadcasting system in Britain. A private company at its founding in 1922, it was replaced by a public corporation under royal charter in 1927. , website: www.bodisen.com) announced today that its common stock began trading on the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. under the stock symbol: BBC. Bodisen provides the following background information about the company: BODISEN TARGETS A LARGE AND GROWING MARKET IN CHINA Bodisen is a leading manufacturer of environmentally friendly Environmentally friendly, also referred to as nature friendly, is a term used to refer to goods and services considered to inflict minimal harm on the environment.[1] bio fertilizer products serving the needs of China's 900 million farmers. We engage in research, manufacturing and marketing of proprietary technology based agricultural products targeting China's $17 billion per year fertilizer industry. BODISEN IS A FAST GROWING AND HIGHLY PROFITABLE COMPANY: Selected Second Quarter 2005 Results Compared to the Same Period in 2004: --Basic earnings per share of $0.18 (fully diluted: $0.17), an increase of 50% for basic earnings per share and 42% for fully diluted; --Revenue of $8,416,805, an increase of 99%; Net income of $2,692,014, an increase of 48%; --Gross profit of $3,255,664, an increase of 64% Selected First Half 2005 Results Compared to the Same Period in 2004 --Revenue of $13,118,480, an increase of 104% --Net income of $3,488,746, an increase of 55% --Gross profit increased 72% compared to the six month period ended June 30, 2004 --Basic earnings per share of $0.23 (fully diluted: $0.22), an increase of 53% for basic earnings per share and 47% for fully diluted BODISEN FACES FAVORABLE MARKET ENVIRONMENT IN CHINA We are a unique company in a favorable market environment. China exports many things to the world marketplace; however is one of the largest importers of grains and foods in the world. Hundreds of millions of Chinese depend on imported grains to support higher demand for meat and poultry which are fed with imported grains. The Chinese government Ever since Republic of China founded in January 1st, 1912, China has had several regional and national governments. List
v. 1. To use up something, such as a nutrient. 2. To empty something out, as the body of electrolytes. it. BODISEN HAS A FULL LINE OF PRODUCTS THAT EFFECTIVELY ADDRESS COMPLETE PLANTING NEEDS OF CHINESE FARMERS With over 60 products and approximately 600 national distribution centers and growing, Bodisen has experienced rapid growth in recent years. Bodisen's products are developed by company scientists in collaboration with University laboratories. Our products address grains, vegetables, fruit crops and have been proven to increase yields by 10% to 35% while 100% environmentally friendly. Our products substantially improve the lifestyles of the 900 million Chinese farmers whose livelihood are solely dependent upon their crop yields. EARNINGS GUIDANCE FOR YEAR 2005 Bodisen affirmed fiscal 2005 (December yearend) guidance for earnings of approximately $8 million (including 1Q05 one time financing related charge), or approximately 50 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. , on revenue of approximately $28 million. Guidance does not include positive impact from increased sales channels and further expansion of manufacturing capacities, as a result of the Company's planned dual listing before yearend on the AIM market of the London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. raising up to 10 million British Pound (US$18 million) through placement of new shares (Broker: UK investment bank Charles Stanley; Reporting accountant: Deloitte & Touche). That's us, Bodisen Biotech; we feed the growth of China with environmentally friendly bio fertilizer products. Bodisen's management is focused on increasing shareholder awareness and is pleased by its listing on the American Stock Exchange. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement This press release may contain forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements are based on the current expectations or beliefs of Bodisen Biotech, Inc. management and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. |
|
||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion