Use access key #2 to skip to page content.

IBDvalueinvestin (99.66)

CHBT down over -3.45 to $12.86 on very low volume.

Recs

2

June 29, 2009 – Comments (0)

This stock rallied on heavy volume Friday to over $16+, the low volume selloff could mean it could re-gain its losses rather quickly.

Remember the future is all about food and how we are going to Feed the world's surging population with farmland that is constantly shrinking.

China-Biotics, Inc. Supplies Probiotics as Additive for Poultry Feed Press Release Source: China-Biotics, Inc. On Wednesday April 22, 2009, 8:00 am EDT Buzz up! 0 Print Companies: China-biotics, inc.

SHANGHAI, April 22 /PRNewswire-Asia-FirstCall/ -- China-Biotics, Inc. (Nasdaq: CHBT - News; "China-Biotics," "the Company"), a leading Chinese firm specializing in the manufacture, research, development, marketing and distribution of probiotics products, today announced it has signed an agreement with Dabeinong Group ("Dabeinong") to supply probiotics as bulk additives for poultry feed products.

Related QuotesSymbolPriceChangeCHBT12.68-3.68{"s" : "chbt","k" : "c10,l10,p20,t10","o" : "","j" : ""}

Under the initial purchase order, which has already begun shipping, China-Biotics will provide probiotics such as lactobacillus acidophilus and streptococcus faecalis. These bulk additives will be used in several of Dabeinong's products and will help enhance the avian immune system and increase poultry survival and egg production rates in commercially raised poultry.

"We are delighted to supply probiotics to the poultry feed industry for the first time," said Mr. Jinan Song, China-Biotics' Chairman and Chief Executive Officer. "This agreement allows China-Biotics to enter an important new market segment, which we believe could become a significant driver of future growth. Improving the health and safety of commercial poultry is of the utmost importance to the Chinese government, as well as increasingly health-conscious consumers. We continue to demonstrate the appeal of our strong product quality and prompt technical support, which is enabling us to increase our market share in China. We look forward to cultivating additional long-term relationships with new commercial partners as we continue to expand the number of commercial applications for probiotics."

Founded in 1993 and headquartered in Beijing, Dabeinong is engaged in manufacturing and distributing animal feed, pesticides, animal medicines, seed and bacterin. With 5,000 employees, Dabeinong operates more than 40 affiliated companies, 500 retail stores and 1,000 county-level agricultural training centers.

China-Biotics expects that the demand for probiotics from the poultry feed market in China will increase to up to 2,500 metric tons by 2010.

To date, the Company has established a wide variety of business relationships with commercial customers located in Beijing and Shanghai cities and Jiangsu, Jiangxi, Qinghai, Shaanxi, Shandong and Zhejiang provinces. These growing companies are among the leaders in the baked foods, dairy, poultry feed and pharmaceutical industries.

About Dabeinong Group

Founded in 1993 and headquartered in Beijing, Dabeinong Group ("Dabeinong") is engaged in manufacturing and distributing animal feed, pesticide, animal medicines, seed, and bacterin. With 5,000 employees, Dabeinong operates more than 40 affiliated companies, 500 retail stores, and 1,000 county-level agriculture training centers. For more information, please visit http://www.dbn.com.cn .

About China-Biotics, Inc.

China-Biotics, Inc. ("China-Biotics," "the Company"), a leading manufacturer of biotechnology products and supplements, engages in the research, development, marketing and distribution of probiotics dietary supplements. Through its wholly owned subsidiary, Shanghai Shining Biotechnology Co., Ltd., the Company has operations in Shanghai. Its proprietary product portfolio contains live microbial nutritional supplements under the "Shining" brand. Currently, the products are sold OTC through large distributors to pharmacies and supermarkets in Shanghai, Jiangsu, and Zhejiang. China-Biotics plans to launch 300 Shining brand retail outlets in major cities in China. Currently, China-Biotics is strategically expanding its production capacity of probiotics to meet growing demand in the bulk additive market. For more information, please visit http://www.chn-biotics.com .

 

0 Comments – Post Your Own

Featured Broker Partners


Advertisement