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Friday, 01/07/2011 8:03:53 AM

Friday, January 07, 2011 8:03:53 AM

Post# of 94785
OINK newswire WUHAN CITY, CHINA--(Marketwire - 01/07/11) - Tianli Agritech, Inc. (NASDAQ:OINK - News) ("Tianli" or "the Company"), a leading producer of breeder hogs and market hogs based in Wuhan City, China, today announced its preliminary 2011 financial guidance as follows:


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2010 Guidance 2011 Guidance (1) Approximate
% Change
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Revenue $21.0 million $28.0-$29.5 million 37%
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Net Income $8.1-$8.3 million $10.5-$11.5 million 34%
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EPS (2) $0.90-$0.92 $1.04-$1.14 20%
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(1) Excludes any potential acquisitions that have not been announced.
(2) Reflects weighted average outstanding shares of 9 million shares and 10.1 million shares for 2010 and 2011, respectively, reflecting the effect of the July 2010 IPO.

"We expect to benefit from additional production in 2011 as our newly constructed 9th farm ramps up to capacity," explained Tianli's Chairwoman and CEO, Ms. Hanying Li. "The demand for market and breeder hogs is being supported by China's strong economic growth. And with a solid cash balance and ongoing positive cash flows, Tianli continues to pursue the acquisition of additional farms in support of our growth objective."

The Company expects to sell between 120,000 to 124,000 hogs in 2011, with Tianli's 9th farm, which commenced operations in May 2010, projected to provide approximately 14,000 hogs in 2011.

About Tianli Agritech, Inc.

Tianli Agritech, Inc. is in the business of breeding, raising and selling hogs in the People's Republic of China. The Company is focused on growing healthy hogs for sale for breeding and meat purposes. The Company conducts genetic, breeding and nutrition research to steadily improve its production capabilities. For more information about the Company, please visit http://www.tianli-china.com.

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