|Bodisen Biotech, Inc Update re. Placing of 380,179 shares of common stock of $0.0001 each
Bodisen Biotech, Inc., (AMEX: BBC, London AIM: BODI, website: www.bodisen.com) (the "Company") the first China based environmentally friendly bio fertilizer company listed dual listed on AIM and AMEX, announced on 20 March 2006 that it would issue 380,179 shares of common stock of $0.0001 each (the "Placing Shares") restricted under Regulation S of the US Securities Act 1933, as amended, in connection with the repayment of a $5 million short term note entered in December 2005 to fund raw materials purchases (the "Note").
The SB2 filing was declared effective with the SEC on 10 August 2006, and accordingly the Placing Shares are no longer restricted under Regulation S of the US Securities Act 1933, as amended. Following which, on 8 September 2006 non restricted share certificates were dispatched to the placees. The 380,179 shares will now be CREST eligible and no longer be trading under the ISIN number USU0951T1026 and as such the total of 18,176,917 shares will be trading under the single ISIN number US0968921041.
Charles Stanley Securities
Freddy Crossley +44 (0) 20 7953 2000
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.