|Bodisen Biotech, Inc. (¡°Bodisen¡± or the ¡°Company¡±) Trading Update
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 strong year-over-year revenue and net income growth for the quarter ended September 30, 2006. The company expects to report its third quarter financial results by November 15, 2006.
¡°We continue to make progress on all of our strategic initiatives, which include the build out of additional factories in China¡¯s northwest agricultural province, and we look forward to discussing our final third quarter results and progress by November 15, 2006¡±, said Bo Chen, president of Bodisen Biotech.
For the third quarter ended September 30, 2005, the company recorded $10.5 million in revenues and net income of $2.9 million, or $0.19 fully diluted EPS.
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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