News Releases

Chicago Board Options Exchange Lists Options of Bodisen Biotech, Inc.
Monday May 1, 4:00 pm ET

NEW YORK--(BUSINESS WIRE)--May 1, 2006--Bodisen Biotech, Inc., (AMEX: BBC - News ; 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 Chicago Board Options Exchange (CBOE) started trading Bodisen options effective today.

The CBOE is the world's largest options marketplace and creator of listed options, and is regulated by the Securities and Exchange Commission (SEC). The CBOE initiates listing of companies on its options board when they are identified by the CBOE to meet certain requirements.

Earlier this year, Bodisen was ranked the 16th fastest growing company in China by Forbes China. In August 2005, BBC's shares were approved for listing on the American Stock Exchange and in February of 2006, its shares were approved for a fully registered dual listing on the London Stock Exchange AIM market. Its advisors were global law firms Jones Day and ReedSmith, US and China advisor New York Global Group, London investment bank Charles Stanley, and reporting accountant Deloitte & Touche.

The Company has not reported any fundamental changes to its business model or financial condition and expects to report its record first quarter earnings before May 15. In a press release dated April 18, 2006 the Company reaffirmed its first quarter and full year 2006 guidance. In recent years, Bodisen has experienced strong sales and earnings growth in a favorable market environment.

Bodisen manufactures and markets environmentally friendly bio fertilizer products that consist of over 20 various crop growth nutrients including minerals and vitamins. Certified by the Chinese government as "organic bio fertilizers", Bodisen's manufacturing process is based on sophisticated agricultural technologies. Our ingredients do not contain manure or other waste products.

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. 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.


Contact:

The Piacente Group, Inc.
Investor Relations:
Debra Chen, 212-481-2050 ext.604

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Source: Bodisen Biotech, Inc.

 

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