SOURCE: AgFeed Industries, Inc.

December 18, 2007 07:00 ET

AgFeed Industries' Founding Executive Is Named Chairman of Jiangxi Province Hog Farm Association

NEW YORK, NY--(Marketwire - December 18, 2007) - AgFeed Industries, Inc. (NASDAQ: FEED) (website:, a market leader in China's premix animal nutrition industry, today announced that Mr. Zhengru Xiong, AgFeed's Vice President of Technical Operations was named Chairman of the Jiangxi Province Hog Farm Association for a one year term. Mr. Xiong has been a Vice Chairman of the Association in the last three years.

The Jiangxi Province Hog Farm Association is a government sponsored entity in charge of providing policy guidance and assistance to over 400 members; many of them are local hog farms located in the Jiangxi Province that collectively produce 25 million hogs per year. Jiangxi Province is China's 14th largest hog production region according to the Chinese Ministry of Agriculture.

Mr. Xiong commented: "The Jiangxi Hog Farm Association represents all commercial hog farms in the province where AgFeed's headquarter is located. I am honored to head this organization."

Songyang Li, Ph.D., AgFeed's Chairman, commented: "Mr. Xiong's appointment as the head of Jiangxi Province Hog Farm Association is a distinguished recognition by the local Chinese government of AgFeed's in-depth knowledge in the hog raising industry. Many of the Association's current hog farm members are already AgFeed's premix feed customers for over a decade. As AgFeed enters the hog raising industry in 2008 mainly through strategic acquisitions, AgFeed will benefit from Mr. Xiong's expertise and broad contacts in identifying and securing potential acquisition targets."

About Mr. Zhengru Xiong

Mr. Xiong is currently a corporate officer, VP-Technical Operations at AgFeed. He was one of the original founders of AgFeed's China operations in 1995. Mr. Xiong has been a hands-on manager in the feed and hog raising industries since he obtained his Bachelor's degree in animal science in 1992 from Jiangxi Agriculture University. Mr. Xiong has an EMBA degree from Tsinghua University, one of China's top universities.

About AgFeed Industries, Inc.

AgFeed is a U.S. public company listed on the NASDAQ Global Market. Through its operating subsidiaries in China, AgFeed is a market leader in China's fast growing premix animal nutrition industry. AgFeed has also entered into China's hog raising industry in 2007. The premix market in which Agfeed operates is an approximately $1.6 billion segment of China's animal feed market, an industry which generated approximately $40 billion in 2006, according to the 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. There can be no assurance that actual results will not differ from the company's expectations. AgFeed's actual results may differ from our projections. Further, preliminary results are subject to normal year-end adjustments. 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 pace and timing of the consummation and integration of past and future acquisitions, our ability to realize cost savings and efficiencies, competitive and general economic conditions, retention of staff and clients and other risks, and the risks described in AgFeed's filings with the Securities and Exchange Commission.

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