AgFeed Industries, Inc. (Nasdaq: FEED), one of the largest independent hog production and animal nutrient companies in China, announced today that effective as of 6:00 PM (EDT) on Sunday, September 20, 2009, AgFeed will be included among the 30 stock components that comprise the S-Network ITG Agriculture Index(SM).
According to its website, "the S-Network ITG Agriculture Index(SM) is an equity index designed to serve as an equity benchmark for globally traded stocks that are principally engaged in the Global Agriculture Industry. Companies included in the [index] are engaged in 'primary' agricultural operations, specifically the production of agricultural commodities."
Songyan Li, AgFeed's Chairman, commented: "AgFeed is pleased to be included among the elite group of global agricultural companies that comprise the S-Network ITG Agriculture Index(SM). We believe we will continue to provide shareholder value as we implement the phases of our strategic plan."
ABOUT AGFEED INDUSTRIES, INC. NASDAQ Global Market listed AgFeed Industries (www.agfeedinc.com) is a U.S. company with its primary operations in China. AgFeed has two profitable business lines -- animal nutrients in premix and blended animal feed and hog production. AgFeed is one of China's largest commercial hog producers in terms of total annual hog production as well as one of the largest premix feed companies in terms of revenues. China is the world's largest hog producing country that produced over 625 million hogs in 2008, compared to approximately 100 million hogs produced annually in the U.S. China also has the world's largest consumer base for pork consumption. Over 62% of total meat consumed in China is pork. Hog production in China enjoys income tax free status. The pre-mix feed market in which AgFeed operates is an approximately $1.6 billion segment of China's $40 billion per year animal feed market, according to the China Feed Industry Association.
SAFE HARBOR DISCLOSURE NOTICE The information contained in this press release is as of September 11, 2009. The Company assumes no obligation to update any forward-looking statements contained in this release as a result of new information or future events or developments.
This press release may contain forward-looking information about the Company. You can identify these statements by the fact that they use words such as "will," "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," "target," "forecast" and other words and terms of similar meaning in connection with any discussion of future operating or financial performance or business plans and prospects. Readers are cautioned not to place undue reliance on forward-looking statements because actual results may differ materially from those expressed in, or implied by, the statements. Any forward-looking statement that the Company makes speaks only as of the date of such statement, and the Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Comparisons of results for current and any prior periods are not intended to express any future trends or indications of future performance, unless expressed as such, and should only be viewed as historical data.
Contact: Investor Relations: AgFeed Industries, Inc. Tel: 917-804-3584 (US) Email: ir@agfeedinc.com
The Company's policy is to handle all questions by email to ir@agfeedinc.com and they will be answered as soon as possible.
SOURCE AgFeed Industries, Inc.
