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Biotech / Medical : Bodisen Biotech, Inc.(BBC) Making Your Money Grow..???

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From: Arthur Radley1/13/2006 7:47:08 PM
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Comments made by the CEO after their 3rd Q report...
"MANAGEMENT COMMENTS

Ms. Qiong Wang, CEO of Bodisen commented: "Our third quarter results have exceeded expectations. Our new production facility and new sales programs have allowed us to timely meet expected strong demand for our fertilizer products. Our products target China's 900 million farmers who increasingly prefer environmentally friendly organic fertilizers over chemical fertilizers. Chinese consumers are very conscious of food quality. Many Chinese only use foods and vegetables that are grown with organic fertilizers. In order to increase their household income, farmers across China demand fertilizers that not only generate higher crop yields such as Bodisen's products, but also are organic and environmentally friendly. Our 4th quarter sales in liquid fertilizers and pesticides have been very strong. Bodisen will have a record year of earnings for 2005. We will participate in two annual national agricultural product shows in the first two weeks of November. Last year at those shows, we generated over $20 million of orders. We expect to have even better results this year. "

Ms. Wang continued: "Bodisen is an environmentally friendly company. The Chinese government has planned a "green" Olympics in 2008 featuring China's focus on environmental issues. Environmental concerns are among China's top priorities. Over the years, chemical fertilizers have been a major source of pollution in China harming the land and water supply. Soil damage from chemical fertilizer use has caused crop yields to dramatically decrease in many regions across China. Market share for environmentally friendly bio fertilizers has been increasing year over year while market share for chemical fertilizers are decreasing. Bodisen's environmentally friendly fertilizers are in a favorable market environment to support our continued rapid growth. Bodisen's management is committed to increasing investor awareness. We presented Bodisen to US fund managers this fall and are pleased that well known institutional investors have participated in our growth. Bodisen will continue our investor relations efforts."
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Personally, I've never traveled to China, but my daughter has and she indicates there is some merit to the points the CEO makes about the growing concern about environmental issues in China. She also pointed out to me that there is a need for a vast improvement in pollution in the urban areas.
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