SOURCE: China Agri-Business

October 17, 2007 15:00 ET

China Agri-Business Completes Initial Public Offering

Company's Common Stock to Trade on the Bulletin Board Under the Symbol CHBU

NEW YORK, NY--(Marketwire - October 17, 2007) - China Agri-Business, Inc. ("China Agri") (OTCBB: CHBU) today announced that it has begun trading as a public company under the symbol CHBU. Details of the offering can be found in the Company's form 8-K which can be reviewed at

Through its subsidiary Shaanxi Xin Sheng Centennial Agriculture and Technology Co., Ltd., CHBU is an emergent developer, People's Republic of China -- approved manufacturer, and marketer of organic biochemical agricultural application products in China.

China Agri's products have been determined to have no adverse effects on the environment, contain no toxins and are certified for use in production of Grade AA, or Organic foods -- the highest Green Food rating -- by the PRC's Ministry of Agriculture. Equally important, they have been demonstrated to reduce farmers' planting and operational expenses by approximately 20%.

Proceeds of the offering will be utilized to continue expansion of the Company's manufacturing capabilities, expand the sales and marketing effort in Shaanxi and new geographic markets, introduce additional products and continue to develop products on the behalf of third parties.

Liping Deng, President and CEO of the Company, stated, "Having our stock trade in the US marketplace is a significant step for China Agri-Business. We have been working hard to build a broad product base and presence in the growing organic sector. China's farmers have an increasing presence in the global organic produce marketplace, and our products help ensure the products they use to grow their produce are also organic. We intend to take advantage of the inherent benefits of being a public company to increase our product offerings, expand our manufacturing capacity and enter new geographic markets."


China Agri-Business, Inc., through its subsidiary, Shaanxi Xin Sheng Centennial Agriculture and Technology Co., Ltd., is an emergent developer, PRC approved manufacturer, and marketer of organic biochemical agricultural application products in China. Categorized into two primary product groups China Agri-Business products include organic fungicides (Xinsheng Luyuan) and bactericides (Xinsheng Lufeng).

Within these categories China Agri-Business produces more than 50 different proprietary applications. Products in these lines function as a botanical growth and vitality stimulant, as a soil conditioner and as a plant nutrient supplement. They prevent and cure plant diseases and eliminate parasites and can be applied to a wide variety of food and non-food crops, including potatoes, vegetables, cotton and fruit plants, trees, and orchards. They are used either alone or to supplement traditional fertilizer products. The Company owns and manages its own manufacturing facilities and has an established distribution network, serviced by 50 dedicated sales professionals. Products are primarily sold through distributors in 14 provinces throughout China.

Safe Harbor

Certain statements in this release concerning our future growth prospects are forward-looking statements, within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the success of our investments, risks and uncertainties regarding fluctuations in earnings, our ability to sustain our previous levels of profitability including on account of our ability to manage growth, intense competition, wage increases in China, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, our ability to successfully complete and integrate potential acquisitions, withdrawal of governmental fiscal incentives, political instability and regional conflicts and legal restrictions on raising capital or acquiring companies outside China. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our SB-2 dated July 12, 2007, and Quarterly Report on Form 10-Q for the quarter ended June 30, 2007, and our other recent filings. These filings are available at We may, from time to time, make additional written and oral forward-looking statements, including statements contained in our filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statements that may be made from time to time by or on our behalf.

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