NEW YORK--(BUSINESS WIRE)--May 1, 2006--Bodisen Biotech, Inc.,
(AMEX: BBC -
LSE: BODI - News ;
website: /) the
first China based environmentally friendly bio fertilizer company
listed on a US stock exchange, and dually listed in London, today
announced that the Chicago Board Options Exchange (CBOE) started
trading Bodisen options effective today.
The CBOE is the world's largest options marketplace and creator
of listed options, and is regulated by the Securities and Exchange
Commission (SEC). The CBOE initiates listing of companies on its
options board when they are identified by the CBOE to meet certain
Earlier this year, Bodisen was ranked the 16th fastest growing
company in China by Forbes China. In August 2005, BBC's shares were
approved for listing on the American Stock Exchange and in February
of 2006, its shares were approved for a fully registered dual
listing on the London Stock Exchange AIM market. Its advisors were
global law firms Jones Day and ReedSmith, US and China advisor New
York Global Group, London investment bank Charles Stanley, and
reporting accountant Deloitte & Touche.
The Company has not reported any fundamental changes to its
business model or financial condition and expects to report its
record first quarter earnings before May 15. In a press release
dated April 18, 2006 the Company reaffirmed its first quarter and
full year 2006 guidance. In recent years, Bodisen has experienced
strong sales and earnings growth in a favorable market
Bodisen manufactures and markets environmentally friendly bio
fertilizer products that consist of over 20 various crop growth
nutrients including minerals and vitamins. Certified by the Chinese
government as "organic bio fertilizers", Bodisen's manufacturing
process is based on sophisticated agricultural technologies. Our
ingredients do not contain manure or other waste products.
About Bodisen Biotech, Inc.
A Delaware company, Bodisen is headquartered in Shaanxi, 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. Utilizing proprietary agricultural technologies, Bodisen
sells over 60 packaged products, broken down into 4 product
categories: Organic Compound Fertilizer; Organic Liquid Fertilizer;
Pesticides & Insecticides, and agricultural raw materials.
Bodisen's organic fertilizers are government certified as "organic"
and can be absorbed by plants within 48 hours and enrich soil
conditions without the damaging effects associated with chemical
fertilizers. Bodisen's products address grains, vegetables, and
fruit crops and have been proven to increase crop yields by 10% to
35% while being environmentally friendly. Among China's population
of 1.3 billion, approximately 900 million are farmers or have
agriculture related jobs whose incomes depend on their crop yields.
With approximately 600 (and growing) nationwide distribution
centers, Bodisen has experienced rapid growth in its existing
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.