Proprietary Products Received Certificate from the Ministry of Agriculture
BEIJING, April 14, 2009 /PRNewswire-Asia/ -- China Agritech, Inc. (OTC 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.
