China Agritech in Cahoots with China’s Largest Fertilizer Distributor
China Agritech Inc. (OTCBB: CAGC.OB) announced yesterday it has signed a contract with Sinochem Fertilizer Co. Ltd, the largest fertilizer distributor in China, to deliver at least 1,000 metric tons of its “Green Vitality” liquid organic fertilizer. The order is expected to increase China Agritech’s revenue by $7.8 million over the duration of the contract. ''We are pleased to have obtained this contract with Sinochem Fertilizer, as we are one of a handful of liquid organic producers with the capacity to fulfill an order of this size. We feel that this contract reinforces the market opportunity for Green Vitality and…