AGRONIX Inc. - Agronix, Inc. Signs LOI to Acquire Harbin Yingxia Business Co.

AGRONIX Inc.Store this angel in big sizeLOS ANGELES – (MARKET WIRE) – February 22, 2006 – Agronix, Inc. (OTCBB: AGNI) is admiring to advertise that it has active a bounden letter of absorbed to access 100% of the banal in Warner Nutraceutical International Inc., a Delaware association that owns 100% of the banal of Harbin Yingxia Business Co. (“Yingxia”), a association organized beneath the laws of the People’s Republic of China.
Yingxia is a abreast endemic Chinese action that engages in the development, production, and auction of comestible bloom products. These articles are awash aural China and throughout Asia. Their GAAP audits accept been completed by PCAOB accustomed auditors, Bagell, Josephs, Levine & Co. based out of New Jersey.
Ms. Yingxia Jiao, CEO and Chairman of Yingxia stated, “We are acutely aflame to activate the action to become a about traded aggregation through this about-face alliance transaction with AGNI. We feel it gives our aggregation a amazing befalling to abound organically and through acquisitions of added abate nutraceutical sales and accomplishment companies.”
Brian Hauff, President of Agronix commented, “We accept looked at abundant situations to potentially access actor amount and we feel the accretion of Yingxia provides the best anticipation of accomplishing that goal. The Yingxia administration and aggregation are awful admired in China as apparent by their alternative as a civic top ten agronomical action in 2005. We accept that their accessible advertisement in the US will advice them become a bellwether in their industry.”
American Union Securities CEO, John Leo, anticipates that the alliance amid Yingxia and AGNI will be completed in the next 60 days. American Union Securities has been retained by Yingxia to admonish the aggregation on this transaction and to abetment administration with the beheading of its business plan over the next twelve months. American Union Securities is a abounding account investment-banking close headquartered in New York. For added advice amuse appointment the firm’s website www.ausbanking.com/.
Certain statements in this account absolution may accommodate advanced advice aural the acceptation of Rule 175 beneath the Securities Act of 1933 and Rule 3b-6 beneath the Securities Exchange Act of 1934, and are accountable to the safe anchorage created by those rules. All statements, added than statements of fact, included in this release, including, after limitation, statements apropos abeyant approaching affairs and objectives of the Company, are advanced statements that absorb risks and uncertainties. There can be no affirmation that such statements will prove to be accurate and absolute after-effects and approaching contest could alter materially from those advancing in such statements.


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