Forbes Magazine Ranks Bodisen Biotech Among the Top 20
Growth Companies in China
January 17, 8:30 am ET
NEW YORK--(BUSINESS WIRE)--Jan. 17, 2006--Bodisen Biotech, Inc.,
(AMEX:BBC, website:/), the first China based
environmentally friendly bio fertilizer company listed on a US stock
exchange, announced that for the second year in a row it has been
named one of China's Top 100 growth companies by Forbes China in the
January 2006 issue (www.forbeschina.com).
Bodisen jumped up to number 16 from last year's 95th place
ranking and was the only company from the fertilizer industry
included in the Forbes China Top 100 list, ranking ahead of a
leading and one of the fastest growing China based US public company
in the online travel industry. According to the Forbes press release
highlighting the list, the editors at Forbes China visited each of
the companies and favored companies focusing on a complete operating
structure, clear corporate philosophy and corporate culture.
Ms. Qiong Wang, Chief Executive Officer of Bodisen, commented "We
are honored to once again be recognized by Forbes. To not only
receive this recognition for the second consecutive year, but to
have also increased our ranking so significantly on the prestigious
Forbes China list is a strong testament that Bodisen is on the right
path in developing its product line and extending the successful
'Bodisen' brand. Bodisen continues to experience strong earnings
growth in a favorable market environment and our management team
remains committed to growing the business in order to generate
sustainable long-term returns to our growing shareholder base."
Utilizing proprietary technologies, Bodisen sells over 60
packaged products, broken down into 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.
A Delaware company, Bodisen is headquartered in Shaanxi, China's
agricultural hub. The Bodisen brand is a highly recognized
fertilizer brand in China. Its environmentally friendly "green"
products support the mandate of the Chinese government to increase
crop yields for the purpose of decreasing China's dependency on food
imports. Among China's population of 1.3 billion, approximately 900
million are farmers whose incomes depend on their crop yields.
With over 60 products and approximately 600 (and growing)
nationwide distribution centers, Bodisen has experienced rapid
growth. Bodisen's products are based on proprietary agricultural
technology jointly developed by company scientists and university
laboratories. These products address grains, vegetables, and fruit
crops and have been proven to increase crop yields by 10% to 35%
while being 100% environmentally friendly.
BODISEN HAS WALL STREET RESEARCH COVERAGE
Wall Street firm New York Global Securities, Inc. ("NYGS",
www.newyorkglobal.com) provides research coverage for Bodisen. NYGS'
parent company New York Global Group (www.nyggroup.com) has a
significant China presence.
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.
Source: Bodisen Biotech, Inc.