Friday
August 24, 8:00 am ET
NEW YORK, Aug. 24, 2007 (PRIME NEWSWIRE)
-- AgFeed Industries, Inc. (OTCBB:AGFI.OB
- News)
(website: http://www.agfeedinc.com),
a leader in China's premix animal nutrition industry,
today announced that AgFeed received listing approval
to list its common stock on the Nasdaq Stock Market.
AgFeed anticipates that Nasdaq trading of its stock
will commence on Wednesday, August 29, 2007.
Songyan Li, Ph.D., Chairman of AgFeed
commented: "Listing on the Nasdaq is a significant
milestone for AgFeed. We are pleased to have met Nasdaq's
stringent listing requirements. AgFeed appreciates our
highly experienced board of directors and advisors who
have been guiding our rapid growth. As we continue to
expand sales and distribution channels in a favorable
market environment in China, we look forward to another
year of strong sales and earnings growth in 2007."
About AgFeed Industries, Inc.
AgFeed Industries is a China-based
animal nutritional product company incorporated in the
United States. Through its operating subsidiaries in
China, AgFeed is a leading manufacturer, marketer and
distributor of premix animal nutrition products targeting
China's growing animal feed market. China's animal feed
market was approximately $40 billion in 2006 according
to China Feed Industry Association.
Safe Harbor Statement
All statements in this press release
that are not historical are forward-looking statements
made pursuant to the "safe harbor" provisions
of the Private Securities Litigation Reform Act of 1995.
You are cautioned not to place undue reliance on any
forward-looking statements in this press release as
they reflect AgFeed's current expectations with respect
to future events and are subject to risks and uncertainties
that may cause actual results to differ materially from
those contemplated. Potential risks and uncertainties
include, but are not limited to, the risks described
in AgFeed's filings with the Securities and Exchange
Commission, including, but not limited to, our Quarterly
Report on Form 10-QSB for the quarter ended June 30,
2007 that we filed with the Securities and Exchange
Commission on August 14, 2007.
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