Thursday
October 11, 8:00 am ET
NEW YORK, Oct. 11, 2007 (PRIME NEWSWIRE)
-- AgFeed Industries, Inc. (NasdaqCM: FEED
- News)
(website: http://www.agfeedinc.com
), a leader in China's premix animal nutrition industry,
today announced that AgFeed received approval from The
Nasdaq Stock Market to transfer the listing of its common
stock from the Nasdaq Capital Market to the Nasdaq Global
Market. Listing on the Global Market will commence with
the opening of business on Friday, October 12, 2007,
under the Company's same trading symbol, FEED.
AgFeed had requested NASDAQ's approval
of the transfer to the Global Market because the Company
had achieved the Global Market's more stringent listing
requirements.
Songyan Li, Ph.D, Chairman of AgFeed
commented: "AgFeed is pleased to join the Nasdaq
Global Market. Our business continues to grow rapidly
and benefits from strong demand for quality premix feed
products in a favorable market environment in which
China experiences severe pork shortages. We look forward
to continued earnings growth in 2007."
About AgFeed Industries, Inc.
AgFeed is a U.S. public company listed
on The Nasdaq Stock Market with its main operations
in China. 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.
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