http://nz.biz.yahoo.com//080924/24/8786.html
China Organic Agriculture, Inc. (OTCBB: CNOA), a growth-driven
agricultural products company, has named Jinsong Li, a Chinese
business leader with over 18 years of agricultural and financial
industry background, as its new Chief Executive Officer.
Mr. Li was formerly Vice President of Beijing Jingwei Capital
Investment Co., Ltd., an investment firm focusing on agricultural
companies, where he managed investment projects valued at more than
$100 million. In other experience, Mr. Li worked for more than 15
years in various executive roles at a commercial trade company in
Shantou and an agricultural products company in Beijing.
"I am excited to be appointed the new CEO of China Organic
Agriculture, and I look forward to driving the business strategies
that will enable the Company to realize its full potential in China
and other growing markets throughout Asia," said Mr. Li. "It's clear
that China Organic's strong fundamentals demonstrate that the Company
is in a position to deliver substantial long term value and growth for
shareholders."
Mr. Li's professional background includes experience in industry
consolidation, investment management and asset restructuring.
"I will be working closely with my management team, advisors and
our financial communications firm to ensure that stockholders are kept
fully informed of the Company's initiatives and achievements," said
Mr. Li. "We are committed to maintaining the highest standards of
reporting, transparency and news flow that our long term and future
investors require."
About China Organic Agriculture
China Organic Agriculture is a leading producer and distributor in
the agricultural industry in China. The Company's high-growth business
plan is designed to enable it to capitalize effectively on China's
burgeoning economy and expanding class of consumers with the ability
to acquire upscale products. The Company has developed an extensive
distribution network throughout many of China's major cities,
including Beijing, Shanghai and Nanjing, and is positioned to leverage
those networks to establish broad distribution of a number of
agricultural, food and related premium products. CNOA has in excess of
6,260 acres dedicated to the production of green and organic rice,
with an irrigation system fed from the Nen River, one of the last
unpolluted rivers in China. The Company's flagship brand, ErMaPao, has
won several awards for its high quality, holds the highest organic
certification and is one of the most popular brands in the country.
The Company has experienced significant growth since its inception in
2002 and has implemented a number of strategic initiatives to expand
sales and revenues. For more information, please visit:
www.chinaorganicagriculture.com
FORWARD-LOOKING STATEMENTS: This document includes forward-looking
statements. Forward-looking statements include, but are not limited
to, statements concerning estimates of, and increases in, production,
cash flows and values, statements relating to the continued
advancement of China Organic Agriculture's products and other
statements which are not historical facts. When used in this document,
the words such as "could," "plan," "estimate," "expect," "intend,"
"may," and similar expressions are forward-looking statements.
Although China Organic Agriculture Inc. believes that its expectations
reflected in these forward-looking statements are reasonable, such
statements involve risks and uncertainties and no assurance can be
given that actual results will be consistent with these
forward-looking statements. Important factors that could cause actual
results to differ from these forward-looking statements include, but
are not limited to, those set forth in our reports filed with the
Securities and Exchange Commission, together with the risks discussed
in our press releases and other communications to shareholders issued
by us from time to time, such as our ability to raise capital as and
when required, the availability of raw products and other supplies,
competition, the costs of goods, government regulations, and political
and economic factors in the People's Republic of China in which our
subsidiaries operate. Contact: China Organic Agriculture, Inc.
Steve Wan, 310-441-9777
stevewan@chinaorganicagriculture.com
or
China America Financial Communications Group
Darren Minton, 212-823-0523
chinaorganic@cafcg.com
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