SHAANXI, China, July 31, 2007 (PRIME NEWSWIRE) -- Bodisen Biotech, Inc. (the "Company") (Pink Sheets:BBCZ) (LSE:BODI) (website: www.bodisen.com) today is announcing the Company's engagement of a new Chief Financial Officer, the execution of its first export contract and a new U.S. management representative.
Bodisen Names New Chief Financial Officer
Ms. Junyan Tong has been named Chief Financial Officer effective June 4, 2007. (This change in CFO was the subject of a Form 8-K filed by the Company with the SEC on June 8, 2007). Ms. Tong previously served as the Company's Assistant Chief Financial Officer since 2005 and has prior finance experience with Shenzhen Rongxun Industry Co., Ltd.; Guangdong Zhongyunhui Electric Co., Ltd. and Guangdong Dongguan Anbao Industry Co., Ltd.
Bodisen Executes First Export Contract
On July 6, 2007, the Company signed a contract with RADUGA Co., Ltd. through Aoshen Imports and Exports Co., Ltd. in the city of Huhehaote in the Inner Mongolia Autonomous area for export to customers in Russia. This contract is for approximately 2.3 million RMB in products and represents the first international export order for the Company. This represents an initial result of the Company's efforts to strengthen sales by expanding its market and adding to its sales force.
Bodisen Engages New U.S. Management Representative
In order to improve management coordination in the U.S. and UK, the Company has entered into a one-year professional service contract with Scott King Group, a consulting entity effective July 1, 2007. Mr. King can be contacted at (219) 939-3073 or at info@bodisen.com.
About Bodisen Biotech, Inc.
Bodisen Biotech, Inc. is a leading manufacturer of liquid and organic compound fertilizers, pesticides, insecticides and agricultural raw materials certified by the Petroleum Chemical Industry Administrative office of China (Chemical Petroleum Production Administrative Bureau), Shaanxi provincial government and Chinese government. The Company is headquartered in Shaanxi province and is a Delaware corporation. The Company's environmentally friendly "green" products have been proven to improve soil and plant quality and increase crop yields.
Safe Harbor Statement
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, and the outcome of events may differ materially from those described in the forward-looking statements.