China Organic Agriculture, Inc (CNOA.OB) Announces Retail Agreement to Further Expand Distribution Channels
China Organic Agriculture, Inc. (CNOA.OB) announced that the company has reached a 3 year retail distribution agreement with Tongda Grain and Oil Company. This agreement is expected to generate revenues of 30 million Yuan, around USD $3 million, within the calendar year 2007. This agreement is the latest measure of China Organic's stated strategic initiative to expand market share by gaining new partnerships with retail distribution system in China and other emerging industries in Asia. According to the agreement, Tongda Grain and Oil will become one of CNOA's authorized retailers. As a result, Tonga will offer the company's "ErMaPao" products…