Bodisen Biotech, Inc. - the First China
Based Bio Fertilizer Company Listed on a US Stock
Monday August 29, 8:30
Bodisen Releases Fact Sheet
NEW YORK--(BUSINESS WIRE)--Aug. 29, 2005--Bodisen Biotech, Inc.
(AMEX: BBC, website: /)
announced today that its common stock began trading on the American
Stock Exchange under the stock symbol: BBC.
Bodisen provides the following background information about the
BODISEN TARGETS A LARGE AND GROWING MARKET IN CHINA
Bodisen is a leading manufacturer of environmentally friendly bio
fertilizer products serving the needs of China's 900 million
farmers. We engage in research, manufacturing and marketing of
proprietary technology based agricultural products targeting China's
$17 billion per year fertilizer industry.
BODISEN IS A FAST GROWING AND HIGHLY PROFITABLE COMPANY:
Selected Second Quarter 2005 Results Compared to the Same Period
- Basic earnings per share of $0.18 (fully diluted: $0.17), an
increase of 50% for basic earnings per share and 42% for fully
- Revenue of $8,416,805, an increase of 99%; Net income of
$2,692,014, an increase of 48%;
- Gross profit of $3,255,664, an increase of 64%
Selected First Half 2005 Results Compared to the Same Period in
- Revenue of $13,118,480, an increase of 104%
- Net income of $3,488,746, an increase of 55%
- Gross profit increased 72% compared to the six month period
ended June 30, 2004
- Basic earnings per share of $0.23 (fully diluted: $0.22), an
increase of 53% for basic earnings per share and 47% for fully
BODISEN FACES FAVORABLE MARKET ENVIRONMENT IN CHINA
We are a unique company in a favorable market environment. China
exports many things to the world marketplace; however is one of the
largest importers of grains and foods in the world. Hundreds of
millions of Chinese depend on imported grains to support higher
demand for meat and poultry which are fed with imported grains. The
Chinese government has mandated that farmers increase crop yields to
decrease the nation's dependence on foreign imports. Moreover, there
is growing emphasis on the need for "green" fertilizers that restore
the soil, rather than deplete it.
BODISEN HAS A FULL LINE OF PRODUCTS THAT EFFECTIVELY ADDRESS
COMPLETE PLANTING NEEDS OF CHINESE FARMERS
With over 60 products and approximately 600 national distribution
centers and growing, Bodisen has experienced rapid growth in recent
years. Bodisen's products are developed by company scientists in
collaboration with University laboratories. Our products address
grains, vegetables, fruit crops and have been proven to increase
yields by 10% to 35% while 100% environmentally friendly. Our
products substantially improve the lifestyles of the 900 million
Chinese farmers whose livelihood are solely dependent upon their
EARNINGS GUIDANCE FOR YEAR 2005
Bodisen affirmed fiscal 2005 (December yearend) guidance for
earnings of approximately $8 million (including 1Q05 one time
financing related charge), or approximately 50 cents per share, on
revenue of approximately $28 million. Guidance does not include
positive impact from increased sales channels and further expansion
of manufacturing capacities, as a result of the Company's planned
dual listing before yearend on the AIM market of the London Stock
Exchange raising up to 10 million British Pound (US$18 million)
through placement of new shares (Broker: UK investment bank Charles
Stanley; Reporting accountant: Deloitte & Touche).
That's us, Bodisen Biotech; we feed the growth of China with
environmentally friendly bio fertilizer products. Bodisen's
management is focused on increasing shareholder awareness and is
pleased by its listing on the American Stock Exchange.
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.
Source: Bodisen Biotech, Inc.