China Yingxia International (fka CYXI)

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Overseas Private Investment Corporation (OPIC) in Process of Moving Forward With Agronix, Inc. in Ireland




Wednesday September 24, 8:11 AM EDT

Agronix, Inc. (AGNI) is pleased to announce that it has received a letter from OPIC confirming they are "moving forward in their process of Agronix, Inc.'s financing of its project in Ireland."

OPIC President Peter S. Watson stated, "The technology that will be used in your organic waste processing facility in Ireland is fascinating, and OPIC is keenly interested in how that technology can be applied in many other countries."

Agronix's CEO, Peter Drummond, commented, "Agronix is very fortunate to have a potential strategic partner of OPIC's stature supporting the financing process in Ireland. Mr. Drummond added, "We are very pleased with the extensive work the Agronix Operations Division has made developing the background and financial information for the acquisition of this key Irish plant."



About OPIC

OPIC was established as an agency of the U.S. government in 1971. It helps U.S. businesses invest overseas, fosters economic development in new and emerging markets, complements the private sector in managing risks associated with foreign direct investment, and supports U.S. foreign policy. Because OPIC charges market-based fees for its products, it operates on a self-sustaining basis at no net cost to taxpayers.

OPIC's political risk insurance and financing help U.S. businesses of all sizes invest in more than 150 emerging markets and developing nations worldwide. Over the agency's 32-year history, OPIC has supported $145 billion worth of investments that have helped developing countries to generate over $11 billion in host-government revenues and create over 680,000 host-country jobs. OPIC projects have also generated $65 billion in U.S. exports and created more than 254,000 American jobs.

About Agronix

Agronix is a recognized leader in innovative organic waste management technology. The Company's BCR System converts organic waste materials (animal manure, sewage sludge, bio-solids, and industrial food processing waste, etc.) into organic fertilizers, soil amendments and other value added agricultural products. The Company is also engaged in the business of developing their BCIR System technology that is used to recover chemical commodities from organic waste for a wide variety of commercial industries such as agriculture, food, oil and gas, paper, clothing and pharmaceuticals. http://www.agronixinc.com

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.