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Chinese Government Eliminates Agriculture Tax, Benefiting 800 Million Chinese Farmers; Bodisen Sees Favorable Market Environment.


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 that the Chinese government Ever since Republic of China founded in January 1st, 1912, China has had several regional and national governments. List
  • Chinese Soviet Republic
  • Provisional Government of the Republic of China
  • Reformed Government of the Republic of China
 has adopted new policies in supporting the agricultural sector by eliminating a 50 year old agriculture tax. China has a population of 1.3 billion; approximately 800 million Chinese are farmers. The Chinese agriculture tax brings $7.5 billion per year in tax revenue to the central government and the elimination of the agriculture tax results in approximately 20% in increased annual disposable expenditures for Chinese farmers.

Agricultural productivity Agricultural productivity is measured as the ratio of agricultural inputs to agricultural outputs. While individual products are usually measured by weight, their varying densities make measuring overall agricultural output difficult.  and improvement in farmers' livelihoods are seen as major priorities for China in 2005. By removing tax burdens on farmers, the Chinese government believes it will encourage farmers to stay on the field and help boost the country's food production, instead of migrating to the cities for industrial jobs.

Qiong Wang, Bodisen's 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.  commented "We are excited to see farmers are relieved of this substantial agriculture tax burden. Annually, Chinese farmers spend 50% of their operating costs operating costs nplgastos mpl operacionales  on fertilizers and many of them traditionally rely on low quality and cheap chemical fertilizers because of their budget constraints. We believe that the additional disposal expenditures will sway many farmers in choosing higher quality fertilizers that we manufacture and should result in greater demand for our products.

"Our Bodisen brand organic fertilizers are already popular among Chinese farmers because of the yield advantages over traditional chemical fertilizers and we see an even more favorable market environment for our product sales in 2005."

Utilizing proprietary technologies, Bodisen sells over 60 packaged products, broken down into 3 product categories: Organic Compound Fertilizer; Organic Liquid Fertilizer; and Pesticides & Insecticides insecticides, chemical, biological, or other agents used to destroy insect pests; the term commonly refers to chemical agents only. Chemical 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.

About Bodisen Biotech, Inc.

Bodisen is headquartered in Shaanxi, China, an agricultural hub of China and the economic gateway to the western regions of China. The Bodisen brand is a highly respected organic brand in China. Its "green" products support the mandate of the Chinese national government to increase crop yields for the purpose of decreasing China's dependency on food imports. Bodisen's products enjoy brand recognition and a price premium over competitive brands in China.

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.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jan 18, 2005
Words:434
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