CAT Announces Availability of Corporate Synopsis to Investors and Brokers
SINGAPORE, March 5 /PRNewswire-FirstCall/ -- China Agro-Technology Ltd.,
(OTC Bulletin Board: CAGTF) today announced that a two-page corporate synopsis
of the Company is now available to investors and brokers. The synopsis will
initially be available from the Chesapeake Group and will also be available
for download from CAT's English-language website when it launches in the near
future. The synopsis includes an overview of the Company's main business
lines, general forecasts of revenues and net profits, a summary of vital
corporate figures (shares outstanding, etc.) and a review of recent Company
news. Sample information includes:
OTC BB: CAGTF
Industry: Agricultural Biotech
Recent Price (2/22/08): $1.00
52-week Range: $1.00-1.43
Avg. Volume (3m): 29,777
Shares Outstanding: 321,447,000
Market Cap: $321 million
Ttl Shareholders: 700
FY 2007 Revenues: $37 million
FY 2007 Gross Profit: $35 million
FY 2007 Net Income: $32.6 million
Earning Per Share: $0.10
China Agro-Technology Ltd ('CAT') is primarily involved in the ownership,
management and operation of genetically engineered plantations, the non-tube
clone plantations as well as the marketing of such proprietary rights and
technical know-how to the global market. Driven by agro-biotechnology, CAT is
able to achieve output increases through a shorter growth period of its
eucalyptus trees. CAT's genetically engineered eucalyptus strains are
suitable for cultivation at different climatic conditions and are able to grow
within just 4-5 years time to a height of 35 to 40 meters.
CAT is also seeking strong market position in the bamboo cultivation
industry, a $5 billion worldwide growth market, by leveraging its non-tube
propagation technology. CAT's technology allows it to harvest bamboo within
just two years and increase unit yield by 20-30%. The Company plans on
acquiring 8,200 acres of prime mature bamboo trees by the end of 2008. CAT is
also seeking a position in bio-fuel by cultivating a market for Jatropha
trees, which produce seeds containing up to 40% oil. When the seeds are
crushed and processed, the resulting oil can be used in a standard diesel
engine, while the residue can be processed into biomass to power electricity
plants.
According to an August 24, 2007 Wall Street Journal article, which was
also cited on CNBC on September 14, 2007, Goldman Sachs noted that Jatropha
was one of the leading candidates for biodiesel production. CAT currently
owns and operates almost 50,000 acres of Jatropha plantation in Indonesia.
The Company plans on expanding its holdings to almost 250,000 acres within
five years.
Key Highlights
-- FY2007 total revenues of $37 million, gross profit of $35 million and
net income of over $32.6 million;
-- 2008 est. revenue of $86.2m and $43.9m in net profits;
-- 2009 est. revenue of $123m and $66m in net profits;
-- 2010 est. revenue of $185.6m and $97.7m in net profits;
-- 2011 est. revenue of $243.7m and $127m in net profits;
-- High caliber management and R&D team;
-- Expert in operating in Asia's commercial forestry plantation industry
& sustainable development;
-- Strong brand name and established relationship with local forestry
bureaus;
-- CAT will be emphasizing the aggressive expansion of its land holdings
to diversify geographical risk, increase raw materials supply and
increase its revenue base;
-- Advanced fast growing and cloning technology, leaf culture cultivation
and automated nursery system;
-- Intelligent computer non-tube plant propagation technology;
-- R&D support from the Chinese Academy of Agricultural Science and the
Li Shui City Agricultural Technology Institute.
About China Agro-Technology Holdings, Ltd
China Agro-Technology Holdings, Ltd ('CAT') is an ecologically sustainable
agricultural technology enterprise that aims at promoting a global
reforestation program, generating environmental rehabilitation and serving the
acute demands for paper products. CAT is principally engaged in the ecological
forestry business and agricultural technology, production and sale of quality
seeds and marketing of agro-technology know-how. The Company's Directors
consider the acquisition of the new land bank to be an addition to the
Company's biological assets. With the planting of Jatropha, CAT will broaden
its revenue sources and increase its role in the biodiesel markets and 'going
green' efforts. On the latter, CAT believes that partnering countries could
leverage on its genetic engineering plantation technologies to maximize
agriculture outputs and generate economies of scale while promoting an
ecologically sustainable land environment.
CAT is primarily involved in the ownership, management and operation of
Genetically Engineered plantations, the non-tube clone plantations and the
marketing of the proprietary rights and technological know-how to the global
market. CAT had total revenues of $37 million in the fiscal year ended
September 30, 2007, with gross profit of $35 million and net income of
$32.8 million. CAT's strength is its group of highly innovative research
scientists and agronomists who specialize in the R&D of agriculture and
intelligent computer non-tube plant propagation technology. Driven by
agro-biotechnology, CAT is able to achieve higher output with a shorter growth
period. CAT's Genetically Engineered Eucalyptus Trees (GEET) strains are
suitable for cultivation at different climatic conditions and are able to grow
within just 4-5 years time to a height of 35 to 40 meters, as compared to
other species that take about 6 to 8 years. The Company's trees also yield
50% more in wood timber, about 150 cubic meters per hectare as compared to 100
cubic meters per hectare for those which currently lead the world in
eucalyptus production. Other unique features of CAT's GEETs include increased
resistance against pests and weeds, the ability to flourish under adverse
weather and soil conditions, reduced usage of agro-chemical and growth of at
least 8 rotations over a period of 50 years without the need for replanting of
new saplings.
Safe Harbor Statement: Under The Private Securities Litigation Reform Act
of 1995: Except for historical information contained herein, the statements in
this news release are forward-looking statements that are made pursuant to the
safe harbor provisions of the Private Securities Act of 1995. Forward-looking
statements involve known and unknown risks and uncertainties, which may cause
a company's actual results, performance and achievement in the future to
differ materially from forecasted results, performance, and achievement. These
risks and uncertainties are described in the Company's periodic filings with
the Securities and Exchange Commission. The Company undertakes no obligation
to publicly release the results of any revisions to these forward-looking
statements that may be made to reflect events or circumstances after the date
hereof, or to reflect the occurrence of unanticipated events or changes in the
Company's plans or expectation.
CONTACT FOR CORPORATE SYNOPSIS:
Chesapeake Group
Tim Rieu
(410) 825-1529
SOURCE China Agro-Technology Holdings, Ltd
