|Bodisen Biotech, Inc. (ˇ°Bodisenˇ± or the ˇ°Companyˇ±) Trading Statement
Bodisen Biotech, Inc., (AMEX:BBC, London AIM:BODI, website: www.bodisen.com), 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 expects to report record revenues and net income for the quarter ended June 30, 2006.
In the second quarter of 2005, Bodisen reported revenues of $8.42 million and net income of $2.69 million. Bodisen experienced better than expected sales growth in the second quarter of 2006 due to strong customer demand for its environmentally friendly bio fertilizer products. The Company expects to report second quarter/half-year financial results in early August.
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. 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.
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