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China Organic Agriculture Inc. is in the StockGuru Spotlight for August 18, 2009.

Publication: M2 Presswire
Publication Date: 18-AUG-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-18 August 2009-Stockguru.com: China Organic Agriculture Inc. is in the StockGuru Spotlight for August 18, 2009(C)1994-2009 M2 COMMUNICATIONS

RDATE:18082009

DALLAS, TEXAS : StockGuru announces that China Organic Agriculture Inc. (OTCBB: CNOA) is in the StockGuru Spotlight. China Organic Agriculture is based in China and is primarily engaged in the acquisition, trading and distribution of agricultural products. The Company sells to a limited number of distributors in China, which it will seek to leverage for increased market penetration in agricultural, food and related premium products.

On Monday, the company put out news announcing its financial results for the three and six months ended June 30, 2009. Revenue for the second quarter 2009 reached $30.0 million, a substantial increase compared to $3.3 million for the same period last year. The increase in sales was attributable to the sales volume of Dalian Huiming, in which the Company acquired a 60% ownership interest in October, 2008 for a purchase price of $10.6 million. Dalian Huiming is mainly involved in trading and distribution of agriculture products, primarily rice and soybeans...

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