AgFeed Industries, Inc. Announces Update Regarding Meeting Location for Annual Meeting of Stockholders

NEW YORK, September 11, 2010: AgFeed Industries, Inc. (Nasdaq: FEED, NYSE Alternext: ALHOG - News), one of the largest independent hog production and animal nutrient companies in China, announced today that due to facility issues, it will host its annual meeting of stockholders on the scheduled date, September 15, 2010, at The Westin Hotel, Georgian Room, located at 99 S. 17th Street at Liberty Place, Philadelphia, Pennsylvania (between Market and Chestnut Street) rather than the The Armory of the First Troop Philadelphia City Cavalry, located at 22 S. 23rd Street, Philadelphia, Pennsylvania. For technical reasons, the meeting will briefly be commenced at The Armory at 10:30 a.m. Eastern Time as originally scheduled, but adjourned promptly to reconvene at The Westin Hotel at 11:00 a.m. Eastern Time in order to commence its regular annual meeting program.  Attendees should proceed directly to The Westin Hotel.  AgFeed representatives will be posted at the entrance of the Armory from 10:00 a.m. to 11:30 a.m. Eastern Time to direct attendees to The Westin Hotel.

ABOUT AGFEED INDUSTRIES, INC. 

NASDAQ Global Market Listed AgFeed Industries (www.agfeedinc.com) is a U.S. company with its primary operations in China.  AgFeed has two business lines -- animal nutrients in premix, concentrates and complete feeds and hog production. AgFeed is one of China's largest commercial hog producers in terms of total annual hog production as well as one of the largest premix feed company in terms of revenues.  China is the world's largest hog producing country that produced over 645 million hogs in 2009, compared to approximately 100 million hogs produced annually in the U.S. China also has the world's largest consumer base for pork consumption.  Over 62% of total meat consumed in China is pork.  Hog production in China enjoys income tax free status.  The swine feed markets in which AgFeed operates represent a $20 billion segment of China's $58 billion per year animal feed market.

SAFE HARBOR DISCLOSURE NOTICE 

Certain statements regarding AgFeed Industries and/or M2P2 set forth in this press release, including those regarding the completion of the transaction, contain forward-looking information and speak only as of the date of such statement.  You can identify these statements by the fact that they use words such as "will," "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," "target," "forecast" and other words and terms of similar meaning in connection with any discussion of future operating or financial performance or business plans and prospects.  This forward-looking information is subject to numerous material risks, uncertainties and assumptions, certain of which are beyond the control of AgFeed Industries and/or M2P2, including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, environmental risks, competition from other industry participants, stock market volatility, ability to access sufficient capital from internal and external sources, and uncertainty of receiving approval from members of M2P2 for the transaction described herein. Readers are cautioned that the material assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and there can be no assurance that AgFeed Industries and M2P2 will enter into definitive agreements or that any transaction will be consummated.  Actual results, performance or achievement could differ materially from those expressed in, or implied by, this forward-looking information and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits that AgFeed Industries and/or M2P2 will derive therefrom.  AgFeed Industries and M2P2 disclaim any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.  For additional information and risk factors that could affect AgFeed Industries, see its filings with the Securities and Exchange Commission, including “Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations,” including “Cautionary Statement for Forward-Looking Statements,” set forth in its Quarterly Report on Form 10-Q for the period ended June 30,  2010.  The information contained in this press release is made as of the date of the press release, even if subsequently made available by AgFeed Industries on its website or otherwise.

Contact:

Investor Relations:
AgFeed Industries, Inc.    
Tel: (917) 804-3584    
Email: [email protected] 

The Company's policy is to handle all questions by email to [email protected] and they will be answered as soon as possible.

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