China Agritech Appoints New Vice President of Finance
July 23 2007 - 8:00AM
PR Newswire (US)
BEIJING, July 23 /Xinhua-PRNewswire-FirstCall/ -- China Agritech,
Inc., (OTC:CAGC) (BULLETIN BOARD: CAGC) ("China Agritech"), a
leading liquid fertilizer manufacturer in China, announced today
the appointment of Kelviz Lim Kok Siak as the company's new Vice
President of Finance as of July 1, 2007. Mr. Lim will be
responsible for managing the company's daily financial operations
and will be the company's key representative interfacing with
investors. Mr. Lim previously held various positions at Ernst &
Young including Audit Assistant Manager and Senior Accountant. At
Ernst & Young, Mr. Lim gained in-depth knowledge of U.S. GAAP
accounting, corporate governance and the Sarbanes-Oxley Act of
2002. Mr. Lim graduated with honors from Multimedia University,
Kuala Lumpur, Malaysia with a Bachelor of Accounting degree. He
expects to receive the Association of Chartered Certified
Accountants (ACCA) designation in August 2007. He is proficient in
both English and Mandarin. "Mr. Lim's strong analytical ability,
broad knowledge of the U.S. GAAP accounting, English skills and
auditing experience bring tremendous value to China Agritech,"
commented Mr. Yu Chang, Chairman, President and CEO of China
Agritech. "We feel that Mr. Lim will be a significant asset to us,
particularly in communicating our progress in executing our growth
strategies to investors in the U.S." About China Agritech Inc.
China Agritech is headquartered in Beijing, China and is engaged in
the development, manufacturing, sale 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 twelve provinces of China including:
Heilongjiang, Hebei, Liaoning, Jilin, Shandong, Inner Mongolia,
Henan, Sichuan, Guangdong, Xinjiang, Yunnan and Guizhou. For more
information visit http://www.chinaagritechinc.com/ . Safe Harbor
Statement The statements contained in this Release that are not
purely historical are forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934 and are made in reliance on the
safe harbor provisions contained therein. Such forward-looking
statements include, without limitation, statements regarding the
Company's expectations, hopes, beliefs, intentions or strategies
regarding the future. These forward-looking statements are based on
the Company's current expectations and beliefs concerning future
developments and their potential effects on the Company. There can
be no assurance that future developments affecting the Company will
be those anticipated by the Company. These forward-looking
statements involve a number of risks, uncertainties (some of which
are beyond the control of the Company) or other assumptions that
may cause actual results or performance to be materially different
from those expressed or implied by such forward-looking statements
such as the inability to protect the proprietary formula, the price
of raw materials, any liabilities from unknown harmful effects of
the product, and adverse weather conditions and other important
factors described in the Company's Form 10-K for the fiscal year
ended December 31, 2006 in the section entitled "Risk Factors". The
Company undertakes no obligation and does not intend to publicly
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as
may be required under applicable securities laws. You are cautioned
not to place undue reliance on these forward-looking statements,
which speak only as of the date of this press release. For more
information, please contact: CCG Elite Investor Relations Crocker
Coulson, President Leslie J. Richardson Tel: 310-231-8600 Email:
DATASOURCE: China Agritech, Inc. CONTACT: Crocker Coulson,
President of CCG Elite Investor Relations, +1- 310-231-8600, or ;
Leslie J. Richardson of CCG Elite Investor Relations,
+1-310-231-8600, or , both for China Agritech, Inc. Web site:
http://www.chinaagritechinc.com/
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