http://nz.biz.yahoo.com//081104/24/90aa.html
China Organic Agriculture, Inc. (OTCBB: CNOA), a diversified food
products company capitalizing on China's consumer revolution, today
announced that its new CEO, Jinsong Li, purchased 500,000 shares of
CNOA stock in a private transaction from an existing shareholder of
CNOA.
Mr. Li made the purchase at a price equivalent to the 10-day
trading average ending November 3, 2008. The purchase represents Mr.
Li's initial equity stake in the Company.
"Establishing an equity position in CNOA has been a goal of mine
since I first joined the Company," said Mr. Li. "I made this
investment because China Organic is a promising agricultural company
in the fast-growing Asian market and I strongly believe in the core
strengths of our organization."
About China Organic Agriculture
China Organic Agriculture is an active trader of agricultural
products 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. 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 future acquisitions, 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
Kate Ou, 646-200-6322
kateou@chinaorganicagriculture.com
or
China America Financial Communications Group
Darren Minton, 212-823-0523
chinaorganic@cafcg.com
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