SOURCE: AgFeed Industries, Inc.

March 11, 2008 13:54 ET

AgFeed Industries to Report Fiscal 2007 Financial Results on March 12, 2008

SHANGHAI, CHINA--(Marketwire - March 11, 2008) - AgFeed Industries, Inc. (NASDAQ: FEED), a market leader in China's pre-mix animal nutrition and hog raising industries, announced today that the Company intends to release full year 2007 financial results on Wednesday, March 12, 2008 before the market opens. AgFeed had previously indicated it would report record earnings for its fiscal year 2007 ended on December 31, 2007.

About AgFeed Industries, Inc.

Through its China-based operating subsidiaries, NASDAQ-listed AgFeed Industries (www.agfeedinc.com) is a market leader in China's fast growing pre-mix animal feed and hog raising industries. The pre-mix 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. There are approximately 600 million hogs raised in China each year, compared to approximately 100 million in the U.S. Approximately 75% of China's total hog supply is from backyard individual hog farmers, while approximately 65% of China's total meat consumption is pork.

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 risks described in AgFeed's filings with the Securities and Exchange Commission.

Contact Information

  • Contact Information

    US Contact:
    Mr. Arnold Staloff
    Independent Board Member, AgFeed Industries, Inc.
    Tel: 212-631-3510

    Corporate Contact:
    AgFeed Industries, Inc.
    Mr. Sam Zhou, Corporate Development
    Tel: 011-86-13925912908
    Email: info@agfeedinc.com