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China Agritech, Inc. Retains Grayling Global as Strategic Investor Relations Consultant

2008-10-03 13:58 1821

- Articulating Organic Fertilizer Maker’s Strong Growth Potential in Times of Economic Slowdown -

BEIJING, Oct. 6 /Xinhua-PRNewswire/ -- China Agritech, Inc. (OTC Bulletin Board: CAGC) ("China Agritech" or "the Company"), a leading national-level organic compound fertilizer manufacturer and distributor in China, today announced that it has retained Grayling Global to conceptualize and implement a comprehensive communications program to strategically raise the visibility of the Company’s growth story and explain its financial performance to shareholders, potential investors and the financial media.

China Agritech is one of the few Chinese organic fertilizer producers and distributors with national footprints, owning and operating manufacturing facilities and sales points in Harbin, Beijing, Anhui, Chongqing and Xinjiang. It recently made its first sale overseas - shipping the flagship Green Vitality, a proprietary liquid organic compound fertilizer, to Egypt. The Company made $21 million in revenues and $4.1 million in net income for the first six months of 2008.

"We are pleased to have Grayling Global to help us craft our financial profile and raise the awareness of our strong growth prospects and the robust agriculture market in China in times of global slowdown," said Mr. Yu Chang, Chief Executive Officer of China Agritech. "As we are becoming a truly national organic fertilizer firm in China and expanding into overseas markets, and as our stock we believe Grayling Global, with its deep understanding and extensive experience with agriculture companies in China, is best suited to guide this investor relations process."

Grayling Global, a subsidiary of Huntsworth plc (LSE: HNT), is headquartered in London, with offices in New York, Birmingham, Brussels, Cardiff, Edinburgh, Singapore, Bristol, Dublin and Bangkok. The firm has over 200 consultants, focusing on first-class delivery in public affairs, public relations, investor relations and events management.

About China Agritech, Inc.

China Agritech is engaged in the development, manufacture and distribution of organic liquid compound fertilizers and related products in the People’s Republic of China. The Company has developed proprietary formulas that provide a continuous supply of high-quality agricultural products while maintaining soil fertility. The Company sells it 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, including but not limited to, statements 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.

Source: China Agritech, Inc.
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Keywords: Chemical
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