/C O R R E C T I O N -- China Agritech, Inc./
March 18 2009 - 10:11AM
PR Newswire (US)
In the news release, "China Agritech, Inc. Appoints New Chief
Operating Officer" issued earlier today by China Agritech, Inc.
(OTC: CAGC) (BULLETIN BOARD: CAGC) over PR Newswire Asia, we are
advised by the Company that the first sentence of the third
paragraph should read, "Mr. Zhu holds a bachelor's degree in
physics from Xuzhou Normal University and a master's in economics
from Henan University," rather than "Mr. Zhu holds a bachelor's
degree in physics from Xuzhou Normal University and a master's in
physics from Henan University," as originally issued inadvertently.
Full, correct release follows: China Agritech, Inc. Appoints New
Chief Operating Officer BEIJING, March 18
/PRNewswire-Asia-FirstCall/ -- China Agritech, Inc. (OTC 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 economics 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. Web Site: http://www.chinaagritechinc.com/
Copyright