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China Organic Agriculture Acquires
"Xiaoxinganling" Trademark, Announces Plans to Enter Distribution of
Soybeans, Kidney Beans and Mushrooms
Oct 27, 2008
China Organic Agriculture, Inc. (OTCBB: CNOA), a diversified food
products company capitalizing on China's consumer revolution, today
announced plans to further diversify its range of products by
entering into the distribution of soybeans, kidney beans and
mushrooms. China Organic has concurrently signed an agreement to
acquire the trademark ¡°Xiaoxinganling,¡± an organic brand name in
China¡¯s northeast.
China Organic¡¯s wholly owned subsidiary, Ankang (Dalian) Agriculture
Ltd., will acquire the Xiaoxinganling trademark from Jiayin County
Daming Agriculture Byproducts Co. Ltd. (¡°Daming Agriculture¡±), along
with the distribution channel of several premium food products. For
the past seven years, Daming Agriculture has been the sole legal
owner of the Xiaoxinganling trademark, which is typically associated
with select soybeans, kidney beans and mushrooms.
"We are excited to announce China Organic¡¯s plans to further
diversify its range of products,¡± said Jinsong Li, Chief Executive
Officer of China Organic Agriculture. ¡°China Organic has continued
to diversify through acquisitions, now offering a spectrum of
premium food products that will soon include soybeans and
mushrooms.¡±
Jiayin County is located in the Xiaoxing'an Mountains and is the
birthplace of the Chinese red pine. This area¡¯s green land is free
of contamination and is rated as one of the finest environments for
organic farming in China. Products distributed from the region
generally have a strong competitive advantage in the organic food
industry.
¡°By acquiring the trademark China Organic aims to utilize
Xiaoxinganling¡¯s brand awareness to further expand our premium line
of food products,¡± said Mr. Li. ¡°We look forward to entering these
new distribution channels for soybeans and mushrooms. China Organic
is actively setting up business permits in Jiayin County so that we
may begin distributing our new product offerings.¡±
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.
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