Bodisen Biotech Reports Earnings Per Share of $0.33 for 2004 and a 155% Increase in Net Income
Thursday March 31, 4:18 pm ET

NEW YORK--(BUSINESS WIRE)--March 31, 2005--Bodisen Biotech,, Inc. (stock symbol: BBOI, website: /) announced today that it recorded substantial growth in earnings from the production and sale of its organic fertilizer and pesticide products in 2004. The following are some of the key financial highlights for the year ended Dec. 31, 2004 from the company's annual report filed with the SEC today:

• Revenues of $16,225,896, an increase of 66% compared to the year ended Dec. 31, 2003
• Net Income of $5,027,403, an increase of 155% compared to the year ended Dec. 31, 2003
• Gross Profit increased 114% compared to the year ended Dec. 31, 2003
• Gross Margin increased to 40.5% compared to the year ended Dec. 31, 2003
• Earnings Per Share of $0.33, an increase of 154% compared to the year ended Dec. 31, 2003

REVENUE

Bodisen generated revenues of $16,225,896 for the year ended Dec. 31, 2004, reflecting an increase of $6,442,112 compared to $9,783,784 for the year ended Dec. 31, 2003. The growth in revenue was primarily attributable to the success of Bodisen's marketing efforts, which resulted in Bodisen attracting a greater number of new contracts as well as retaining existing customers.

NET INCOME

The company also reported net income of $5,027,403 for the year ended Dec. 31, 2004, which reflects an increase of $3,057,042 from $1,970,361. The increase in net income resulted from the substantial growth in sales of organic fertilizer products, higher profit margins and the low operating costs in China.

GROSS PROFIT

Bodisen achieved a gross profit of $6,571,931 for the year ended Dec. 31, 2004 representing an increase of $3,494,229 compared to $3,077,702 for the year ended Dec. 31, 2003. Gross margin, as a percentage of revenues, increased to 40.5%, from 31.46% for the year ended Dec. 31, 2003. The increase in gross margin was attributable to the price increase in Bodisen's compound fertilizer product by 10%. Bodisen's compound fertilizer products constitute 60% of total sales.

Ms. Qiong Wang, Chairman and CEO of Bodisen Biotech commented: "We are very pleased with the performance and development of our company in 2004. The results clearly demonstrate the significant increase in demand for organic fertilizers in China and emphasize that Bodisen's brand name and products now have become the first choice for farmers. The completion of the new manufacturing facility in the first quarter of 2005 increases our capacity by 100% and allows us to meet the growing demand from farmers in China for our products."

Utilizing proprietary technologies, Bodisen sells over 60 packaged products in 3 product categories: 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.

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.

Safe Harbor Statement

This press release may contain forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act 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.

Bodisen Biotech, Inc.
Investor Relations, 212-566-3503
info@bodisen.com

Source: Bodisen Biotech, Inc.