updated 3/28/2011 9:46:17 PM ET 2011-03-29T01:46:17

BENSALEM, Pa., March 28, 2011 (GLOBE NEWSWIRE) -- Law Offices of Howard G. Smith, representing investors of China Agritech, Inc., announces there are 15 days remaining before the April 12, 2011 deadline to file a motion to be a lead plaintiff in the class action lawsuit filed on behalf of purchasers of China Agritech, Inc. ("China Agritech" or the "Company") (Nasdaq:CAGC) securities between February 8, 2010 and February 3, 2011, inclusive (the "Class Period"). The shareholder lawsuit is pending in the United States District Court for the Central District of California.

China Agritech, through its subsidiaries, manufactures and sells organic liquid compound fertilizers, organic granular compound fertilizers, and related agricultural products in the People's Republic of China. The Complaint alleges that the defendants issued false and/or misleading statements and/or failed to disclose that, among other things: (1) certain of the Company's manufacturing facilities were idle or producing far less fertilizer than the Company portrayed; (2) the Company did not have the equipment to support its claimed production capacity; (3) the Company did not receive a license to manufacture granular compound fertilizer; (4) the Company had misrepresented its fertilizer production levels and sales; and (5), as a result of the foregoing, the Company's statements were materially false and misleading at all relevant times.

No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one. If you purchased China Agritech securities between February 8, 2010 and February 3, 2011, you have certain rights and have until April 12, 2011 to move for lead plaintiff status. To be a member of the class you need not take any action at this time, and you may retain counsel of your choice. If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by telephone at (215) 638-4847, Toll-Free at (888) 638-4847, by email to howardsmith@howardsmithlaw.com  or visit our website at http://www.howardsmithlaw.com .

CONTACT: Law Offices of Howard G. Smith
         Howard G. Smith, Esquire
         (215) 638-4847
         (888) 638-4847

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved


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