01/02/2007
AgFeed Industries, Inc. a manufacturer, marketer and distributor of animal nutrition products targeting China's vast and growing animal feed market, was honored as one of China's Top Ten Suppliers of Safe Animal Food in the Safe Agricultural Products category by China National Agricultural Wholesale Market Association, China's agricultural channel CCTV-7, and China Agricultural Movie and Television Association.
Mr. Junhong Xiong, CEO of AgFeed commented: "Safe animal food is essential for healthy animal growth and food safety for humans. As China's standard of living continues to rise, demand for high quality meat product is increasing dramatically. AgFeed is proud to receive this national recognition. As a leader in China's vast animal nutritional food market, AgFeed adopts strict quality-control procedures to ensure product safety. As we continue to aggressively grow our business and expand our market shares in China, we will continue to set the quality standard for China's vast animal feed pre-mix market."
About China National Agricultural Wholesale Market Association
China National Agricultural Wholesale Market Association, an affiliate of the State-owned Assets Supervision and Administration Commission, is a national professional association founded with the approval of the Chinese Ministry of Civil Affairs. Under the directives from the Ministry of Commerce, China National Agricultural Wholesale Market Association is an organization of national and regional wholesale and retail markets of agricultural by-products, as well as enterprises, educational institutes, social groups and individuals in the industry.
About AgFeed Industries, Inc.: A U.S. company under U.S. corporate governance, AgFeed is the first China-based animal feed and nutritional product company publicly traded in the U.S. Through its operating subsidiaries which were founded in 1995 in China, AgFeed is a leading manufacturer, marketer and distributor of animal nutrition products targeting China's vast and growing animal feed market. AgFeed is the No. 1 player in the pre-mix market for pork by sales volume in China's eastern provinces. China's animal feed market was $34.6 billion in 2005 according to China Feed Industry Association.
Safe Harbor Statement: Certain forward-looking statements made on this press release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current management expectations that involve risks and uncertainties that may result in such expectations not being realized. Potential risks and uncertainties include, but are not limited to the risks described in the company filings with the Securities and Exchange Commission.
