News Releases

Bodisen Biotech Hosts London Investment Bank, Engages Deloitte & Touche as Auditor, and Launches Dual Listing on the London Stock Exchange AIM Market
Tuesday July 19, 7:32 pm ET

Bodisen Continues with Its Listing Application for the American Stock Exchange

NEW YORK--(BUSINESS WIRE)--July 19, 2005--Bodisen Biotech, Inc., (OTCBB: BBOI, website: /) 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, 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 (http://www.nyggroup.com) through its Beijing headquartered China operations.

Charles Stanley (http://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 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. We are optimistic about our potential listing on the AMEX."

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 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.

 

______________________________

Contact:

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

______________________________

Source: Bodisen Biotech, Inc.

 

Copyright © 2004 bodisen.com