China Agritech, Inc. Appoints New Chief Operating Officer
March 18 2009 - 6:52AM
PR Newswire (US)
BEIJING, March 18 /PRNewswire-Asia-FirstCall/ -- China Agritech,
Inc. (OTC:CAGC) (BULLETIN BOARD: CAGC) ("China Agritech" or "the
Company"), a leading national liquid and granular organic compound
fertilizer manufacturer and distributor in China, today announced
it has appointed Mr. Mingfang Zhu as Chief Operating Officer. Ms.
Xiaorong Teng has stepped down from her current COO position. Mr.
Zhu, 42, joined Beijing Agritech Fertilizer Co., Ltd. ("Beijing
Agritech"), a wholly owned subsidiary of the Company, in January
2006 as Vice President of Strategic Development. He became the
President of Beijing Agritech in April 2007. From 2002 to end of
2005, Mr. Zhu was the CEO and Director of Gateguard Information, an
IT company based in Beijing. Mr. Zhu holds a bachelor's degree in
physics from Xuzhou Normal University and a master's in physics
from Henan University. He also holds a law degree and is a
state-certified Economist in China. "I am very pleased to have Mr.
Zhu join China Agritech's senior executive team," Mr. Yu Chang,
Chairman and CEO of China Agritech, said. "Over the past three
years, Mr. Zhu has demonstrated his superb managerial skills at
Beijing Agritech and successfully executed our expansion plans in
the domestic market. And his understanding of the Chinese law and
the macroeconomic environment for Chinese companies is an
additional benefit we can draw upon as China Agritech positions
itself for a period of rapid growth in the granular organic
fertilizer market in China." About China Agritech, Inc. China
Agritech, Inc. is engaged in the development, manufacturing and
distribution of liquid and granular organic compound fertilizers
and related products in China. The Company has developed
proprietary formulas that provide a continuous supply of
high-quality agricultural products while maintaining soil
fertility. The Company sells its products to farmers located in 26
provinces of China. For more information, 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 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.: Mr. Kevin Theiss / Mr. Valentine Ding Investor
Relations Grayling Tel: +1-646-284-9409 Email: DATASOURCE: China
Agritech, Inc. CONTACT: In China -- Mr. Kelviz Lim Kok Siak,
Investor Relations of China Agritech, Inc., +86-10-5962-1220, or ;
or in the U.S. -- Mr. Kevin Theiss and Mr. Valentine Ding, Investor
Relations of Grayling, +1-646-284-9409, or or , for CAGC Web Site:
http://www.chinaagritechinc.com/
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