DALLAS, June 10, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring AgFeed Industries Inc. (Nasdaq:FEED). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at: www.microstockprofit.com/lp/FEED
AgFeed Industries Inc. (FEED) is engaged in the research and development, manufacturing, marketing, distribution and sale of pre-mix fodder blended feed and feed additives primarily for use in China's domestic pork husbandry market. FEED operates through wholly owned subsidiaries, Nanchang Best, Shanghai Best, Guangxi Huijie, Shandong Feed and HopeJia. On January 3, 2008, the Company acquired a 70% interest each in Wannian Xiandai Animal Husbandry Ltd. Liability Co. (Wannian) and Jiangxi Huyun Livestock Co. Ltd. On January 4, 2008, FEED acquired a 60% interest in Ganzhou Green Animal Husbandry Develop. Co. Ltd. On January 7, 2008, it acquired Gang Feng Animal Husbandry Co. Ltd. On January 9, 2008, the Company acquired a 55% interest in Yichun Tianpeng Domestic Livestock Farm Ltd. (Yichun).
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In the report, the analyst notes:
"FEED recently announced its results for the first quarter of 2010. Revenue for the first quarter reached $52.9 million, an increase of 58% compared to the first quarter of 2009. Production volumes increased by 24% in the Company's hog division and 119% in the animal nutrition division, as compared to the same period in 2009.
"Vitamin blends and premixes are used in compound feed for poultry, cattle and pigs. FEED's pre-mix and specially blended feed for early weaning piglets utilizes the most advanced nutritional techniques resulting in a reputation for premier products in the China market."
To read the entire report visit: www.microstockprofit.com/lp/FEED
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