Bodisen Biotech Hosts London Investment Bank, Engages Deloitte & Touche as Auditor, and Launches Dual Listing on the London Stock Exchange AIM Market; Bodisen Continues with Its Listing Application for the American Stock Exchange.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., (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : BBOI, website: www.bodisen.com) announced today that the company recently hosted London investment bank Charles Stanley's visit to Bodisen in China. Charles Stanley is a 150 year old member firm 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. , and one of the oldest and most reputable investment banks headquartered in London. The visit was arranged by New York investment bank New York Global Group (www.nyggroup.com) through its Beijing headquartered China operations. Charles Stanley (www.charles-stanley.co.uk) will lead Bodisen's efforts towards dual listing in the fall of 2005 on the London Stock Exchange AIM market while placing 10 million British Pound with institutions in conjunction with the listing. Deloitte & Touche London will act as Bodisen's auditor for the AIM listing while the company's current audit firm continues as its auditor. Bodisen's legal counsel, global law firm ReedSmith (www.reedsmith.com) acts as attorney for the AIM listing. The London AIM market is the growth market of the London Stock Exchange. The AIM market enjoys broad participation by institutional investors. Ms. Qiong Wang, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Bodisen, commented, "We are pleased that institutional investors have continued to show strong interest in Bodisen. As we continue to experience strong customer demand for our products, we look forward to another year of record earnings. The AIM listing will not only raise growth capital but also broaden our institutional shareholder base. In addition, we believe we have met the listing standard for listing 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. . We are optimistic about our potential listing on the AMEX AMEX See: American Stock Exchange ." About Bodisen Biotech, Inc. Utilizing proprietary technologies, Bodisen sells over 60 packaged products in 3 product categories throughout China: Organic Compound Fertilizer; Organic Liquid Fertilizer; and Pesticides & Insecticides. Bodisen's organic fertilizers can be absorbed by plants within 48 hours while enriching soil conditions without the damaging effects associated with chemical fertilizers. 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. |
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