China Agritech, Inc. Announces Breakthrough, New High-Tech Organic Fertilizers
April 13 2009 - 1:53PM
PR Newswire (US)
Proprietary Products Received Certificate from the Ministry of
Agriculture BEIJING, April 13, 2009 /PRNewswire-Asia-FirstCall/ --
China Agritech, Inc. (OTC:CAGC) (BULLETIN BOARD: CAGC) ("China
Agritech", or the "Company"), a leading national organic fertilizer
manufacturer and distributor in China, today announced that it has
received a certificate of registration from the Chinese Ministry of
Agriculture for its new high-tech, humic acid-based, organic liquid
and powder compound fertilizers. Mr. Yu Chang, Chairman and Chief
Executive Officer of China Agritech, commented, "We have achieved a
breakthrough in the area of research on the compound structure of
humic acid. We have already incorporated this new breakthrough
technology in our new products. We have combined innovation and
technology in our new liquid and powder products utilizing
nano-honeycomb embedding technology and microelement deep
complexing, which makes them more environmentally friendly and
effective with a higher content of nutrients than traditional
organic fertilizers. These new breakthrough products for China
Agritech highlight the capabilities of our R & D team." "The
new products are expected to be launched this quarter and will be
distributed nationally using the Company's extensive domestic sales
network to contribute to sales and profits in the next few
quarters." "The certification criteria for new fertilizers is
evolving and becoming more stringent in China. The registration of
our new products with these high-tech contents, demonstrates we
have the knowledge and skill to develop additional value-added,
proprietary products to address the needs of the marketplace and
capture market share. We have other unique products in the R &
D pipeline and we look forward to announcing them in the future,"
Mr. Chang concluded. The Company currently has four major product
lines and is about to begin commercial production of its new
organic granular product. The current fertilizer products target
specific crops and are capable of increasing crop yield by as much
as 30%. These new products will add greater diversity to the
Company's product lines that are sold to farmers to improve the
yield and the health of their crops. Humic acid is a key ingredient
as it combines with other elements to enhance their
bioavailability. Humic acid is derived from weathered coal which is
environmentally superior to chemical fertilizers, and it is
inexpensive and plentiful 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 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 regarding statements,
including, but not limited to, 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. Gareth Tang Chief Financial Officer
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:
China Agritech, Inc., Mr. Gareth Tang, Chief Financial Officer,
+86-10-5962-1220, or Grayling, Mr. Kevin Theiss / Mr. Valentine
Ding, Investor Relations, +1-646-284-9409, , , both for China
Agritech, Inc. Web site: http://www.chinaagritechinc.com/
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