NEW YORK--(BUSINESS WIRE)--April 26, 2006--Bodisen Biotech, Inc.,
(AMEX: BBC -
LSE: BODI - News ;
website: /) the
first China based environmentally friendly bio fertilizer company
listed on a US stock exchange, and dually listed in London, today
announced that the company has recently signed a total of
approximately $2.4 million in new contracts with various new and
existing wholesale distributors for 2006 product delivery.
Karen Qiong Wang, chairman and CEO of Bodisen said: "We're
pleased to see continued strong sales activity entering into the
first part of 2006, which is typically one of the slowest periods of
the year. These contracts further validate the growing demand for
environmentally friendly, high output agricultural solutions, such
as Bodisen's organic bio fertilizer and pesticide products. Bodisen
recently reaffirmed year 2006 sales and earnings guidance. We are
well on track for executing our growth plan."
The Company also announced that Chairman and CEO Karen Qiong Wang
has returned to her duty after a routine medical check up.
About Bodisen Biotech, Inc.
A Delaware company, Bodisen is headquartered in Shaanxi, China's
agricultural hub. In January 2006, Bodisen was ranked the 16th
fastest growing company in China by Forbes China. 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. Utilizing proprietary
agricultural technologies, Bodisen sells over 60 packaged products,
broken down into 4 product categories: Organic Compound Fertilizer;
Organic Liquid Fertilizer; Pesticides & Insecticides, and
agricultural raw materials. Bodisen's organic fertilizers are
government certified as "organic" and can be absorbed by plants
within 48 hours and enrich soil conditions without the damaging
effects associated with chemical fertilizers. Bodisen's products
address grains, vegetables, and fruit crops and have been proven to
increase crop yields by 10% to 35% while being environmentally
friendly. Among China's population of 1.3 billion, approximately 900
million are farmers or have agriculture related jobs whose incomes
depend on their crop yields. With approximately 600 (and growing)
nationwide distribution centers, Bodisen has experienced rapid
growth in its existing business.
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.