China Organic Announces Retail Agreement to Further Expand Distribution Channels.Company Expects Purchase Agreement to Contribute Approximately $3 Million to Revenues for Calendar Year 2007 JILIN, China -- China Organic Agriculture, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CNOA CNOA California Narcotics Officers Association ), a growth-driven agricultural products company leading China's organic foods revolution, today announced that the Company has reached a milestone 3 year retail distribution agreement with Tongda Grain and Oil Company, located in Songyuan City, one of the largest cities in the northeastern province of Jilin. The agreement is expected to contribute revenues of 30 million Yuan, equivalent to approximately USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. $3 million, within calendar year 2007. This is a new agreement, separate from the agreement announced December 6 with Shunda Grain and Oil. The agreement is the latest measure of CNOA's stated strategic initiative to expand market share by gaining new partnerships with major retail distribution system partners in China and other emerging economies in Asia. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the agreement, Tongda Grain and Oil will become one of CNOA's authorized au·thor·ize tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es 1. To grant authority or power to. 2. To give permission for; sanction: retailers in the retail industry, offering the award-winning "ErMaPao" series of products to the over 7 million consumers in the Songyuan City, Siping City, and Baicheng City areas. "China Organic continues to expand revenues and earnings from an ever-growing list of agreements with some of China's largest retail distribution systems. This agreement will help to continue our growth as we look to move forward with expanding our distribution systems and broaden our share of the rice market in Songyuan City," said Huizhi Xiao, Chairman of China Organic Agriculture. "With the recent announcements of agreements, we look forward to reaching our target revenue goals for 2007." About China Organic Agriculture China Organic Agriculture is among the largest producers of organic rice in China. CNOA controls all aspects of the process from seeds to planting and processing, R&D and sales. The Company also has an extensive sales network, located in the major cities in China China is a geographical area encompassing multiple territories, under two states. You may be looking for:
CNOA has experienced significant growth since its inception in 2002, and as an agricultural company, is exempt from Chinese tax requirements. The quality of CNOA's products results in the ability to command and receive prices 15% higher than comparables. CNOA has in excess of 6260 acres dedicated to green and organic rice. The irrigation irrigation, in agriculture, artificial watering of the land. Although used chiefly in regions with annual rainfall of less than 20 in. (51 cm), it is also used in wetter areas to grow certain crops, e.g., rice. system is fed from the Nen River Nen River formerly Nonni River River, northeastern China. It is the main tributary of the Sungari (Songhua) River. It rises between the Da Hinggan and Xiao Hinggan ranges in northern Heilongjiang province and flows south, forming part of the border between , one of the last unpolluted rivers in China, and no chemicals or fertilizers are used in the process. The Company's flagship brand, ErMaPao, has won several quality awards, holds the highest organic certification Organic certification is a certification process for producers of organic food and other organic agricultural products. In general, any business directly involved in food production can be certified, including seed suppliers, farmers, food processors, retailers and restaurants. and is one of the most popular rice brands in China. For more information, please visit www.chinaorganicagriculture.com Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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 Under 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 -- With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of CNOA could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to finance the company's operations or expansion, inability to hire and retain qualified personnel, changes in the general economic climate, including rising interest rate and unanticipated events such as terrorist activities. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms, or other comparable terminology. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements. For further risk factors see the risk factors associated with our Company, review our SEC filings. |
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