BEIJING, July 9 /Xinhua-PRNewswire-FirstCall/ -- China Agritech, Inc. (OTC Bulletin Board: CAGC) ("China Agritech" or "the Company"), a leading liquid organic fertilizer manufacturer in China, today announced that it has entered into a contract with AL-WAHA KHDRAA CO., a subsidiary of AL Ezz Group, a distributor of agricultural and fertilizer products to the Middle East and Africa
AL Ezz Group began working with China Agritech over a year ago to conduct product testing which was monitored by the Egyptian government. The test results were positive and China Agritech's Green Vitality liquid fertilizer demonstrated superior quality compared to local brands. As a result, the Egyptian government has authorized test sales of Green Vitality in small quantities. The initial contract is for 10,000 liters of Green Vitality liquid fertilizer worth $75,000. Orders are expected to increase significantly once Green Vitality liquid fertilizer is certified by Egypt's Ministry of Agriculture and large-scale sales are permitted. China Agritech expects to achieve certification by the end of 2008. All current and future sales will be made in compliance with all applicable U.S. laws and regulations.
"We are glad to report our entry into the Egyptian market. Following successful product testing, Green Vitality demonstrated superior quality and is in compliance with local industry standards," commented Mr. Yu Chang, CEO of China Agritech, "We view this as a milestone for our company, which provides international recognition for the high quality of our products. We plan to leverage our product offerings and brand reputation to expand our product sales into select international markets which will result in revenue growth in the future."
About AL EZZ Group
AL Ezz Group is a leading Arabian company trading in fertilizers &
agrochemical products. The Group has its main office in Egypt with branch
offices in Jordan and Iraq. The main business of the Group incl
|SOURCE China Agritech, Inc.|
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