China Organic Agriculture, Inc. (CNOA.OB), a global diversified food products company engaged in the distribution and production of premium and natural foods, recently announced that Steve Wan, the U.S. vice president for China Organic Agriculture, released an audio interview with Bob Beaty, the executive vice president of China America Financial Communications Group.
As an international diversified premium food products distributor capitalizing on China’s burgeoning domestic consumer demand, China Organic Agriculture’s U.S. vice president discusses the company’s recently released guidance, which forecasts revenues for 2008 at $113 million, a significant jump from $44 million for 2007. The company also predicts that earnings per share for fiscal year 2008 will total $0.29.
The interview also details the sale of the ErMaPao division, as well as the recent acquisition of Dalian Huiming, a major agricultural trading company that generated revenues of $40.2 million and net income of $2.7 million during fiscal year 2007. In addition, Mr. Wan discusses the transformation of China Organic from an agricultural company to a purveyor of high-end products, such as California wine and natural foods specifically targeted at the rapidly growing and affluent middle class in China and throughout Asia. The full interview is available on China Organic Agriculture’s website: http://www.chinaorganicagriculture.com/investors.html
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