NEW YORK--(BUSINESS WIRE)--June 19, 2006--Bodisen Biotech, Inc.,
(AMEX:BBC, London AIM:BODI, 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 will join the Russell Microcap(TM) Index
according to a preliminary membership list posted on Friday, June
16, 2006 on http://www.russell.com/.
Bodisen's CEO Karen Qiong Wang commented, "We are pleased that
Bodisen will be joining the Russell Microcap(TM) Index and view this
as a testament to the strength of our company's progress in
achieving its stated growth strategy to capture the enormous growth
opportunities that exist in China's fertilizer market, the largest
in the world at US$17 billion annually. As we execute on the growth
initiatives we have in place, we continue to make significant
strides to improve our visibility to our investors. Our inclusion in
this index will further enhance our visibility among the investment
community."
Russell Microcap Index measures performance of the microcap
segment. The Russell Microcap Index includes the smallest 1,000
securities in the small-cap Russell 2000® Index plus the next 1,000
securities. Russell indexes are widely used by investment managers
and institutional investors for index funds and as benchmarks for
both passive and active investment strategies. An industry-leading
$3.8 trillion in assets currently are benchmarked to them.
Investment managers who oversee these funds purchase shares of
member stocks according to that company's weighting in the
particular index.
About Russell
Russell, a global leader in multi-manager investment services,
provides investment products and services in 44 countries. Russell
manages more than $167 billion in assets and advises clients
worldwide representing $2.4 trillion.
About Bodisen Biotech, Inc.
A Delaware company, Bodisen is headquartered in the city of Yang
Ling, Shaanxi Province, 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 four product categories: Organic Compound
Fertilizer; Organic Liquid Fertilizer; Pesticides &
Insecticides, and agricultural raw materials. Bodisen's organic
fertilizers can be absorbed by plants within 48 hours and enrich
soil conditions. These 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 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.
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