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China Organic Agriculture holds development meeting of Asia Star joint venture

China Organic Agriculture, Inc., a diversified food products company capitalizing on China's consumer revolution, today announced that its recently formed Asia Star Ice Wine joint venture held its initial development meeting.

“With the joint venture management in place, China Organic expects the production from Asia Star to lay the groundwork for further revenue growth in 2009,” said Jinsong Li, Chief Executive Officer of China Organic. “ The production of premium and ice wines from Asia Star will ensure that we further diversify our product mix of premium and natural foods.”

The Asia Star meeting included Mr. Li and Weihong Xia, the newly appointed CFO of China Organic, as well as company directors Mingjie Han and Jingyu Liu. Along with finalizing budgets for production and operations, sales targets were established. The wine production process for a new batch of grapes is expected to commence before the end of the year.

The core businesses of the newly formed joint venture company will be engaged in the following activities: processing and distribution of red wine, ice wine, blueberry ice wine, and blueberry drinks; cultivation, processing and distribution of grapes and blueberries.

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.



Publication date: 12/18/2008


 


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