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China Organic Announces Landmark
Research and Development Agreement with Prestigious Jilin
Agricultural University
Sep 17, 2007
China Organic Agriculture, Inc. (OTCBB:CNOA), a growth-driven
agricultural and products company leading China's organic foods
revolution, today announced a cooperation agreement with the
prestigious Jilin Agriculture University, among the most respected
agricultural centers in China. The agreement is consistent with the
Company's stated strategic initiative to improve agricultural
production capacity and quality to meet increasing demand for the
highest quality organic products.
According to the agreement, the university will apply its advanced
technologies, research facilities and state-of-the-art equipment to
provide CNOA with proprietary technology for the development of a
next generation organic foods infrastructure. All newly developed
seeds and processes that originate from this agreement will be
registered in CNOA's expanding intellectual property portfolio.
"CNOA expects to acquire proprietary agricultural processes from our
expanding relationship with this prestigious academic institution,"
said Huizhi Xiao, Chairman of China Organic Agriculture. "We are
looking forward to discovering new ways of leveraging our human
resources and our production capabilities to continue meeting the
ever-growing demand for our organic rice products."
About China Organic Agriculture
China Organic Agriculture is among the largest producers of organic
rice in China. CNOA controls all aspects of the process from seeds
to planting and processing, R&D and sales. The Company also has an
extensive sales network, located in the major cities in China.
CNOA, which follows GAAP accounting principles and is fully SEC
compliant, has experienced significant growth since its inception in
2002, and is exempt from federal taxes as an agricultural company in
China. CNOA has put solid plans in place to markedly expand revenues
and increase shareholder value. The quality of CNOA's products
results in the ability to command and receive prices 40% higher than
comparables. In the first two quarters of 2007 (as of June 30) the
company posted $6.4 million in revenues, up 60% from the same period
in 2006. Earnings for that same period were $2.4 million, a 58%
increase over the comparable period the previous year.
CNOA has in excess of 6260 acres dedicated to green and organic
rice. The irrigation system is fed from the Nen River, one of the
last unpolluted rivers in China, and no chemicals or fertilizers are
used in the process. The Company's flagship brand, ErMaPao, has won
several quality awards, holds the highest organic certification and
is the most popular rice brand in the country.
Mission Statement
China Organic Agriculture, Inc. is firmly committed to increasing
shareholder value through setting the next generation standard for
quality organic food products in China and throughout the world.
Forward-Looking Statements
Safe Harbor Statement Under the Private Securities Litigation Reform
Act of 1995 -- With the exception of historical information, the
matters discussed in this press release are forward-looking
statements that involve a number of risks and uncertainties. The
actual future results of CNOA could differ significantly from those
statements. Factors that could cause actual results to differ
materially include risks and uncertainties such as the inability to
finance the company's operations or expansion, inability to hire and
retain qualified personnel, changes in the general economic climate,
including rising interest rate and unanticipated events such as
terrorist activities. In some cases, you can identify
forward-looking statements by terminology such as "may," "will,"
"should," "expect," "plan," "anticipate," "believe," "estimate,"
"predict," "potential" or "continue," the negative of such terms, or
other comparable terminology. These statements are only predictions.
Although we believe that the expectations reflected in the
forward-looking statements are reasonable, such statements should
not be regarded as a representation by the Company, or any other
person, that such forward-looking statements will be achieved. We
undertake no duty to update any of the forward-looking statements,
whether as a result of new information, future events or otherwise.
In light of the foregoing, readers are cautioned not to place undue
reliance on such forward-looking statements. For further risk
factors see the risk factors associated with our Company, review our
SEC filings.
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