Bodisen Biotech, Inc. Approved for
Listing on the American Stock Exchange, New Stock Symbol "BBC"
Thursday August 25, 3:26 pm
Trading on AMEX Begins on August 26, 2005
NEW YORK--(BUSINESS WIRE)--Aug. 25, 2005--Bodisen Biotech, Inc.
(OTCBB: BBOI, website: /)
announced today that its listing application dated July 7, 2005 for
listing its common stock on the American Stock Exchange ("AMEX") has
been approved. Bodisen expects to commence trading on AMEX on August
26 under the new symbol "BBC".
Ms. Qiong Wang, Bodisen's Chairman and CEO commented, "Bodisen is
very pleased with our listing on the AMEX, which we believe will
reflect our status as one of the premier China-based fast growing
companies listed in the US. Earlier this year, Forbes China ranked
Bodisen one of top 100 growth companies in China. For years, Bodisen
has provided environmentally friendly bio fertilizer products to a
large target market, China's 900 million farmers. Bodisen is focused
on its shareholders as well as exemplary corporate governance, and
we believe our AMEX listing will positively impact these significant
interests. We look forward to another year of record earnings growth
together with our institutional and individual shareholders."
Bodisen is pleased to have selected Kellogg Capital Group, the
largest specialist firm on the AMEX, as its specialist.
Bodisen has recently announced plans for a dual listing on the
AIM market of the London Stock Exchange through London investment
bank Charles Stanley, with Deloitte & Touche as Bodisen's
reporting accountant in order to further investor interest from
European institutional investors as well as raise capital for
About Bodisen Biotech, Inc.
Utilizing proprietary technologies, Bodisen sells over 60
packaged products in 3 product categories: Organic Compound
Fertilizer; Organic Liquid Fertilizer; and Pesticides &
Insecticides. Bodisen's organic fertilizers can be absorbed by
plants within 48 hours while enriching soil conditions without the
damaging effects associated with chemical fertilizers.
A Delaware company, Bodisen is headquartered in Shaanxi, China,
China's agricultural hub. The Bodisen brand is a highly recognized
fertilizer brand in China. Its environmentally friendly "green"
products support the mandate of the Chinese government to increase
crop yields for the purpose of decreasing China's dependency on food
imports. Among China's population of 1.3 billion, approximately 900
million are farmers whose incomes depend on their crop yields.
Safe Harbor Statement
This press release may contain forward-looking statements within
the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. These statements are based
on the current expectations or beliefs of Bodisen Biotech, Inc.
management and are subject to a number of factors and uncertainties
that could cause actual results to differ materially from those
described in the forward-looking statements.
"The AMEX approval is contingent upon the Company being in
compliance with all applicable listing standards on the date it
begins trading on the Exchange, and may be rescinded if the Company
is not in compliance with such standards."
Bodisen Biotech, Inc.
Source: Bodisen Biotech, Inc.