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China Organic Agriculture, Inc. is a growth-driven agricultural products company leading China's organic foods revolution. It is among the largest producers of green and organic rice in China. Unlike other more rural competitors, China Organic Agriculture controls all aspects of the production process from seeds to planting, as well as, R&D and distribution. The Company also has an extensive sales network located in China's major cities. China Organic Agriculture has established significant brand loyalty among the nation’s affluent population with high-quality, fully certified organic rice products.
China Organic Agriculture has a proprietary 20,000 square meter processing factory. The Company commands a 7.1% share of green rice market and a 3.6% share of the organic rice market in China, with a total combined output of 88,600 tons. China Organic Agriculture has set forth a resilient, high-growth business model to continue making a significant impact in the market for green foods in China, which has grown into a $13 billion market. |
Building shareholder value is the driving force behind China Organic Agriculture. Our senior management team continues to deliver on this mission by consistently increasing margins
– currently over 30% – and by continuing to build upon our 100% annual revenue growth
for the trailing four years.
For the twelve months ended December 31, 2007, the Company’s revenue was $44.5 million, a 390% increase over $9.0 million for the comparable period of 2006. For the twelve months ended December 31, 2007 net income was $13.5 million, a 300% increase over $3.4 million for the comparable period of 2006.
China Organic Agriculture has experienced significant growth since its inception in 2002. Our goal is to continue to be one of the leaders in the green and organic rice industry in China, while expanding the types of agricultural products we supply to our loyal Chinese customers.
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Cautionary Statement
Any statements in this summary about CNOA’s expectations, beliefs, plans, objectives, assumptions or future events or performance are not historical facts and are forward-looking statements for purposes of the Private Securities Litigation Reform Act of 1995 (the “Act”). These statements are often, but not always, made through the use of words or phrases such as “believe”, “will”, “expect”, “anticipate”, “estimate”, “intend”, “plan”, “forecast”, “could”, and “would”. CNOA bases these forward-looking statements on current expectations about future events. They involve known and unknown risks, uncertainties and assumptions that may cause actual results, levels of activity, performance or achievements to differ materially from those expressed or implied by any forward-looking statement. Some of the risks, uncertainties and assumptions that could cause actual results to differ materially from estimates or projections in the forward-looking statement include, but are not limited to, the risk that we might not achieve our anticipated development milestones, the market for our products will not grow as expected, and the risk that our products will not achieve expectations. For additional information about risks and uncertainties CNOA faces, see documents CNOA files with the SEC. CNOA claims the protection of the safe harbor for forward-looking statements under the Act and each assume no obligation and expressly disclaim any duty to update any forward-looking statement to reflect events or circumstances after the date of this news release or to reflect the occurrence of subsequent events. |
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