SOURCE: AgFeed Industries, Inc.

July 01, 2008 07:05 ET

AgFeed Industries Joins Three Russell Indexes -- the Russell 2000, Russell 3000 and Russell Microcap Index

NEW YORK, NY--(Marketwire - July 1, 2008) - AgFeed Industries, Inc. (NASDAQ: FEED), a leader in China's premix feed and hog raising industries, today announced that as of June 30, 2008, AgFeed is included in the final membership list for the Russell 2000, Russell 3000 and Russell Microcap stock indexes.

According to its website, Russell Investments "provides the leading U.S. equity index family for institutional investors with over $4.4 trillion in investment assets benchmarked against them. Russell's global indexes offer an objective and transparent way to accurately measure distinct segments of the global market."

Songyan Li, Ph.D., AgFeed's Chairman, commented: "AgFeed is pleased to be associated with the broadly followed Russell indexes. We are a unique company and an access to China's vast feed and hog production industries. We look forward to expanding our institutional interest through solid execution of our growth strategies."

About AgFeed Industries, Inc.

NASDAQ Global Market listed AgFeed Industries (www.agfeedinc.com) is a U.S. company with its primary operations in China. AgFeed has two profitable business lines -- premix animal feed and hog production. AgFeed is China's largest commercial hog producer in terms of total annual hog production as well as the largest premix feed company in terms of revenues. China is the world's largest hog producing country that produces over 600 million hogs per year, compared to approximately 100 million hogs in the U.S. China also has the world's largest consumer base for pork consumption. Over 65% of total meat consumed in China is pork. Hog production in China enjoys income tax free status. The pre-mix feed market in which AgFeed operates is an approximately $1.6 billion segment of China's $40 billion per year animal feed market, 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 its 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 risks described in AgFeed's filings with the Securities and Exchange Commission.

Contact Information

  • Contact Information:
    U.S. Contact:
    Mr. Arnold Staloff
    Independent Board Member
    AgFeed Industries, Inc.
    Tel: 212-631-3510

    Corporate Contact:
    Ms. Summer Xie
    Corporate Communications
    AgFeed Industries, Inc.
    Tel: 011-86-13767051503
    Email: info@agfeedinc.com