NEW YORK, Oct. 2, 2006 (PRIMEZONE) -- Bodisen Biotech, Inc. (AMEX:BBC) (LSE:BODI) (website www.bodisen.com), the first China-based environmentally friendly bio-fertilizer company listed on a U.S. stock exchange, and dually listed in London, today announced the company has been informed that it is one of five finalist companies for the AIM 2006 International Company of the Year award.
The London AIM stock exchange currently includes companies from sixteen different countries outside the United Kingdom. Sponsored by PriceWaterhouseCoopers and the London Stock Exchange, the International Company of the Year Award is given to reward all-around excellence in AIM companies that are incorporated overseas. This year, Bodisen was one of approximately 20 companies that were considered as potential finalists for the award. The winner of the award will be announced on October 26, 2006.
The company announced that on Thursday, September 28, 2006, Bodisen was recognized by the Bank Association of Shaanxi with an "Honorable and Credible Enterprise" recognition. The honor is given to companies with a strong credit standing within the Shaanxi banking community.
"We are pleased and honored to receive recognition for Bodisen's achievements both locally in our home province of Shaanxi and internationally on the London Stock Exchange, where we have been listed since February of this year," said Chairwoman and CEO Karen Qiong Wang.
About Bodisen Biotech, Inc.
A Delaware company, Bodisen is headquartered in Shaanxi, China's agricultural hub. In January 2006, Bodisen was ranked the 16th fastest growing company in China by Forbes China. The Bodisen brand is a highly recognized fertilizer brand in China. Its environmentally friendly "green" products support the mandate of the Chinese government to increase crop yields for the purpose of decreasing China's dependency on food imports. Utilizing proprietary agricultural technologies, Bodisen sells over 60 packaged products, broken down into 4 product categories: Organic Compound Fertilizer; Organic Liquid Fertilizer; Pesticides & Insecticides, and agricultural raw materials. Bodisen's organic fertilizers are government certified as "organic" and can be absorbed by plants within 48 hours and enrich soil conditions without the damaging effects associated with chemical fertilizers. Bodisen's products address grains, vegetables, and fruit crops and have been proven to increase crop yields by 10% to 35% while being environmentally friendly. Among China's population of 1.3 billion, approximately 750 million are farmers or have agriculture related jobs whose incomes depend on their crop yields. With approximately 600 (and growing) nationwide distribution centers, Bodisen has experienced rapid growth.
Safe Harbor
This press release may contain forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on the current expectations or beliefs of Bodisen Biotech, Inc. management and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements.