China Agritech, Inc. Retains Grayling Global as Strategic Investor Relations Consultant
October 06 2008 - 6:52AM
PR Newswire (US)
- Articulating Organic Fertilizer Maker's Strong Growth Potential
in Times of Economic Slowdown - BEIJING, Oct. 6
/Xinhua-PRNewswire-FirstCall/ -- China Agritech, Inc. (OTC:CAGC)
(BULLETIN BOARD: CAGC) ("China Agritech" or "the Company"), a
leading national-level organic compound fertilizer manufacturer and
distributor in China, today announced that it has retained Grayling
Global to conceptualize and implement a comprehensive
communications program to strategically raise the visibility of the
Company's growth story and explain its financial performance to
shareholders, potential investors and the financial media. China
Agritech is one of the few Chinese organic fertilizer producers and
distributors with national footprints, owning and operating
manufacturing facilities and sales points in Harbin, Beijing,
Anhui, Chongqing and Xinjiang. It recently made its first sale
overseas - shipping the flagship Green Vitality, a proprietary
liquid organic compound fertilizer, to Egypt. The Company made $21
million in revenues and $4.1 million in net income for the first
six months of 2008. "We are pleased to have Grayling Global to help
us craft our financial profile and raise the awareness of our
strong growth prospects and the robust agriculture market in China
in times of global slowdown," said Mr. Yu Chang, Chief Executive
Officer of China Agritech. "As we are becoming a truly national
organic fertilizer firm in China and expanding into overseas
markets, and as our stock we believe Grayling Global, with its deep
understanding and extensive experience with agriculture companies
in China, is best suited to guide this investor relations process."
Grayling Global, a subsidiary of Huntsworth plc (LSE:HNT), is
headquartered in London, with offices in New York, Birmingham,
Brussels, Cardiff, Edinburgh, Singapore, Bristol, Dublin and
Bangkok. The firm has over 200 consultants, focusing on first-class
delivery in public affairs, public relations, investor relations
and events management. About China Agritech, Inc. China Agritech is
engaged in the development, manufacture and distribution of organic
liquid compound fertilizers and related products in the People's
Republic of China. The Company has developed proprietary formulas
that provide a continuous supply of high-quality agricultural
products while maintaining soil fertility. The Company sells it
products to farmers located in 26 provinces of China. For more
information about the company, please visit
http://www.chinaagritechinc.com/ . Safe Harbor Statement This
release contains certain "forward-looking statements" relating to
the business of China Agritech and its subsidiary companies, which
can be identified by the use of forward-looking terminology such as
"believes, expects" or similar expressions, including but not
limited to, statements regarding the continued demand for China
Agritech's products, China Agritech's ability to sustain growth for
the balance of the year and China Agritech's ability to generally
meet all of its objectives. Such forward-looking statements involve
known and unknown risks and uncertainties, including all business
uncertainties relating to product development, marketing,
concentration in a single customer, raw material costs, market
acceptance, future capital requirements, and competition in general
and other factors that may cause actual results to be materially
different from those described herein as anticipated, believed,
estimated or expected. Certain of these risks and uncertainties are
or will be described in greater detail in our filings with the SEC.
Except as required by law, China Agritech is under no obligation to
(and expressly disclaims any such obligation to) update or alter
its forward-looking statements whether as a result of new
information, future events or otherwise. For more information,
please contact: In China: Mr. Kelviz Lim Kok Siak Investor
Relations China Agritech, Inc. Tel: +86-10-5962-1220 Email: In the
U.S.: Valentine Ding Investor Relations Grayling Global Tel:
+1-646-284-9412 Email: DATASOURCE: China Agritech, Inc. CONTACT:
Mr. Kelviz Lim Kok Siak, Investor Relations, China Agritech, Inc.
at +86-10-5962-1220 ; or In the U.S.: Valentine Ding, Investor
Relations, Grayling Global at +1-646-284-9412 or for China Agritech
Web site: http://www.chinaagritechinc.com/
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