Bodisen Biotech, Inc. Announces Results of First Annual Town Hall Meeting held in Xinjiang Province
December 10 2008 - 2:54PM
Business Wire
Bodisen Biotech, Inc. (the ``Company'') (LSE:BODI.L) (Pink
Sheets:BBCZ) (website: http://www.bodisen.com) announced today that
it held the Company�s First Annual Town Hall meeting on Tuesday,
December 2, 2008. During the meeting management gave a tour of its
brand new facility in Alaer City. The construction phase of the
facility has been completed and the facility is ready to begin
operation, production and distribution. Currently, management is
working on the application for production license. The Board of
Directors discussed the overview of the financial performance and
plans for the Company as well as the status of the class action
lawsuit. During the meeting the Company announced that Mr. Linzhang
Zhu has resigned from the Board of Directors due to personal health
reasons. The Company has appointed Mr. Chenglin Guo as an
independent Director of the Company. Mr. Guo has an economic
management Bachelor Degree from Tianjing Commercial University. He
is also an engineer and from 1995 to 1996 Mr. Guo was the Manager
of Yangling Industry and Commercial Union Training School. From
1997 to 1999 he was the head of Xianyang Industry and Commercial
Union Training School, the Vice Head Secretary of Xianyang
Commercial Union, and Manager of Xianyang Industry and Commercial
Economic Consulting Center. From 2000 to present, he has been
working in a social service position. The Board of Directors also
appointed Mr. Hu Li as the Board Secretary of the Company. Mr. Li
has an MBA degree from Xi�an Technology University and has been
working with the Company since 2006. The former Board Secretary,
Yongning Zhang, has been appointed to another position within the
Company. The current and future financial health of the Company was
discussed, and the Board of Directors agreed that Morgenstern,
Svoboda & Baer, CPA�s will remain appointed as the auditor of
the Company. About Bodisen Biotech, Inc. Bodisen Biotech, Inc. is a
leading manufacturer of liquid and organic compound fertilizers,
pesticides, insecticides and agricultural raw materials certified
by the Petroleum Chemical Industry Administrative office of China
(Chemical Petroleum Production Administrative Bureau), Shaanxi
provincial government and Chinese government. The Company is
headquartered in Shaanxi province and is a Delaware corporation.
The Company's environmentally friendly ``green'' products have been
proven to improve soil and plant quality and to increase crop
yields. Safe Harbor Statement This press release may contain
forward-looking statements within the meaning of the ``safe
harbor'' provisions of the Private Securities Litigation Reform Act
of 1995. These statements are based on the current expectations or
beliefs of Bodisen Biotech, Inc. management and are subject to a
number of factors and uncertainties, and the outcome of events may
differ materially from those described in the forward-looking
statements.
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