BEIJING and LOS ANGELES, Oct. 14 /PRNewswire-FirstCall/ -- American Dairy, Inc. (NYSE: ADY; "American Dairy" or the "Company"), one of the leading producers and distributors of premium infant formula, milk powder and soybean, rice and walnut products in China, today announced that it plans to release third quarter 2009 financial results and hold a conference call on November 16, 2009, before the market opens.
At the Roth Capital China Conference, held yesterday in Miami, FL, the Company commented on its estimated market opportunity and mentioned a potential name change to better reflect the Company''s exclusive focus on the Chinese consumer market, particularly the Chinese infant formula market.
"We believe the infant formula market in China continues to demonstrate room for growth, and is estimated to potentially reach $12 billion by 2014. We intend to maintain, and ultimately increase, our market share during this time period. Concurrently, if the competitive landscape matures, we expect that the leading players will dominate the addressable market by 2014. With all of our revenue generated in China, and with such an exciting outlook in our home market, we are also evaluating changing our holding company name, ''American Dairy,'' to reflect our Feihe brand and to be recognized by our customers in China," stated Jonathan Chou, Chief Financial Officer of American Dairy.
The Company''s third quarter 2009 conference call will take place on November 16, 2009 at 8:00 am ET. Listeners may access the call by dialing 1-800-211-3767 or 1-719-457-2600 for international callers, access code: 3746752. A live webcast will also be available through the Company''s IR website at http://www.americandairyinc.com/. The replay of the call will be available through November 23, 2009. Listeners may access the replay by dialing 1-888-203-1112 or 1-719-457-0820 for international callers, access code: 3746752.
About American Dairy, Inc.
American Dairy, Inc. is one of the leading producers and distributors of premium infant formula, milk powder, and soybean, rice and walnut products in the People''s Republic of China. American Dairy conducts operations in China through its wholly owned subsidiary, Feihe Dairy, and other subsidiaries. Founded in 1962, Feihe Dairy is headquartered in Beijing, China, and has processing and distribution facilities in Kedong, Qiqihaer, Baiquan, Gannan, Longjiang, Shanxi, and Langfang. Using proprietary processing techniques, American Dairy makes products that are specially formulated for particular ages, dietary needs and health concerns. American Dairy has over 200 company-owned milk collection stations, two dairy farms, six production facilities with an aggregate milk powder production capacity of approximately 1,220 tons per day and an extensive distribution network that reaches over 84,000 retail outlets throughout China. For more information about American Dairy, please visit http://www.americandairyinc.com/.
Cautionary Note Regarding Forward-Looking Statements
This document contains forward-looking information about the Company''s operating results and business prospects that involve substantial risks and uncertainties. Statements that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. These statements include, but are not limited to, statements about the Company''s plans, objectives, expectations, strategies, intentions or other characterizations of future events or circumstances and are generally identified by the words "may," "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "targets," "could," "would," and similar expressions. Because these forward-looking statements are subject to a number of risks and uncertainties, the Company''s actual results could differ materially from those expressed or implied by these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed under the heading "Risk Factors" in the Company''s annual report on Form 10-K for the fiscal year ended December 31, 2008, quarterly report on Form 10-Q for its second quarter in 2009, and in current reports on Form 8-K filed with the United States Securities and Exchange Commission and available at http://www.sec.gov/. The Company assumes no obligation to update any such forward-looking statements.
American Dairy, Inc.
CONTACT: Integrated Corporate Relations, Inc., In the United States:
Ashley Ammon: +1-203-682-8200; or In China: Wei-Jung Yang: +86-10-6599-7968
Web Site: http://www.americandairyinc.com/
