China Agritech, Inc. a manufacturer of liquid organic fertilizer, has announced that it has entered into a contract with Al-Waha Khdraa Co., a subsidiary of AL Ezz Group, a distributor of agricultural and fertilizer products to the Middle East and Africa.
AL Ezz Group began working with China Agritech over a year ago to conduct product testing monitored by the Egyptian government. The test results were positive and China Agritech's Green Vitality liquid fertilizer and the Egyptian government has authorized test sales of Green Vitality in small quantities. The initial contract is for 10,000 liters of Green Vitality liquid fertilizer worth USD75,000. Orders are expected to increase significantly once Green Vitality liquid fertilizer is certified by Egypt's Ministry of Agriculture and large-scale sales are permitted. China Agritech expects to achieve certification by the end of 2008. All current and future sales will be made in compliance with all applicable U.S. laws and regulations.
"We are glad to report our entry into the Egyptian market. Following successful product testing, Green Vitality demonstrated superior quality and is in compliance with local industry standards," commented Yu Chang, CEO of China Agritech, "We view this as a milestone for our company, which provides international recognition for the high quality of our products. We plan to leverage our product offerings and brand reputation to expand our product sales into select international markets which will result in revenue growth in the future."
China Agritech is engaged in the development, manufacture and distribution of organic liquid compound fertilizers and related products in the People's Republic of China. The Company has developed proprietary formulas with the aim of provide a continuous supply of high-quality agricultural products while maintaining soil fertility.