China Organic Agriculture, Inc. (OTCBB: CNOA) Chief Executive Officer
Jinsong Li responds to allegations contained in a press release dated
December 12th 2008.
“The allegations contained in a Press Release dated December 12th
concerning a class action lawsuit filed against China Organic
Agriculture are completely without merit,” said Mr. Li. “We will
vigorously defend China Organic against these assertions and will
continue to act in the interests of our shareholders.”
About China Organic Agriculture
China Organic Agriculture is a food products company capitalizing on
China’s domestic demand for premium products due to an expanding class
of consumers with the ability to acquire premium food products.
The Company has developed a distribution network throughout China
including Beijing, Shanghai and Nanjing. The Company is positioned to
leverage this network to increase market penetration with broad
distribution of agricultural, food and related premium products. The
Company has experienced considerable growth since its inception and
continues to implement a number of strategic initiatives to further
expand revenues and earnings. For more information, please visit: www.chinaorganicagriculture.com.
FORWARD-LOOKING STATEMENTS: This document includes forward-looking
statements. Forward-looking statements include, but are not limited to,
statements concerning future acquisitions, estimates of, and increases
in, production, cash flows and values, statements relating to the
continued advancement of China Organic Agriculture’s products and other
statements which are not historical facts. When used in this document,
the words such as "could," "plan," "estimate," "expect," "intend,"
"may," and similar expressions denote forward-looking statements.
Although China Organic Agriculture Inc. believes that its expectations
reflected in these forward-looking statements are reasonable, such
statements involve risks and uncertainties and no assurance can be given
that actual results will be consistent with these forward-looking
statements. Important factors that could cause actual results to differ
from these forward-looking statements include, but are not limited to,
those set forth in our reports filed with the Securities and Exchange
Commission, together with the risks discussed in our press releases and
other communications to shareholders issued by us from time to time,
such as our ability to raise capital as and when required, the
availability of raw products and other supplies, competition, the costs
of goods, government regulations, and political and economic factors in
the People's Republic of China in which our subsidiaries operate.
China Organic Agriculture, Inc.
Kate Ou, 646-200-6322
kateou@chinaorganicagriculture.com
