NEW YORK, Oct. 11, 2007 (PRIME NEWSWIRE) -- AgFeed Industries, Inc. (Nasdaq:FEED) (www.agfeedinc.com), a leader in China's premix animal nutrition industry, today announced that AgFeed received approval from The Nasdaq Stock Market to transfer the listing of its common stock from the Nasdaq Capital Market to the Nasdaq Global Market. Listing on the Global Market will commence with the opening of business on Friday, October 12, 2007, under the Company's same trading symbol, FEED.
AgFeed had requested NASDAQ's approval of the transfer to the Global Market because the Company had achieved the Global Market's more stringent listing requirements.
Songyan Li, Ph.D, Chairman of AgFeed commented: "AgFeed is pleased to join the Nasdaq Global Market. Our business continues to grow rapidly and benefits from strong demand for quality premix feed products in a favorable market environment in which China experiences severe pork shortages. We look forward to continued earnings growth in 2007."
About AgFeed Industries, Inc.
AgFeed is a U.S. public company listed on The Nasdaq Stock Market with its main operations in China. Through its operating subsidiaries in China, AgFeed is a leading manufacturer, marketer and distributor of premix animal nutrition products targeting China's growing animal feed market. China's animal feed market was approximately $40 billion in 2006 according to China Feed Industry Association.
Safe Harbor Statement
All statements in this press release that are not historical are forward-looking statements made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. You are cautioned not to place undue reliance on any forward-looking statements in this press release as they reflect AgFeed's current expectations with respect to future events and are subject to risks and uncertainties that may cause actual results to differ materially from those contemplated. Potential risks and uncertainties include, but are not limited to, the risks described in AgFeed's filings with the Securities and Exchange Commission.