china dairy co (adiy)

[thechandler81]

ADIY lists on the Archipelago Exchange(SM) (ArcaEx(R))

Link - yahoo.com http://biz.yahoo.com/prnews/050418/nym240.html?.v=2

CHICAGO, April 18 /PRNewswire-FirstCall/ -- The Archipelago Exchange(SM) (ArcaEx®), the world's largest fully-electronic stock exchange, today announced that American Dairy, Inc., one of the leading producers and distributors of milk powder and soybean products in China, has listed exclusively on ArcaEx, a facility of the Pacific Exchange, under the four character symbol: ADIY.


"American Dairy's listing on ArcaEx is an exciting move for both the company and its investors as they stand to benefit from more liquidity and better information," said Jerry Putnam, CEO of the Archipelago Exchange. "This listing is also an important win for ArcaEx as we continue to expand our listings business which has seen increased momentum with other companies recently listing."

"It has been a long-standing goal of American Dairy's to list on a major U.S. stock exchange since becoming a U.S. publicly traded company in January 2003, and we are excited to become part of an organization that stands for competition and transparency and provides a top quality trading environment to all investors," says Leng You-Bin, CEO of American Dairy.

In addition to providing the advantages of fully-electronic trading, ArcaEx enables NYSE-, Amex- and Nasdaq-listed companies and their investors to reap the benefits of ArcaEx's investor focused market structure. ArcaEx operates as an all-electronic auction market, with an open limit order book matching buyers and sellers directly based on simple price and time priority, leveling the playing field for all market participants.

Currently over 230 companies are listed by PCX for trading on ArcaEx. In addition to its own listings, ArcaEx trades all NYSE, Nasdaq, and Amex listed stocks. Archipelago Holdings, Inc., the parent company of ArcaEx, announced on January 3, 2005 that the company has entered into a definitive agreement to acquire PCX Holdings, Inc., parent company of the Pacific Exchange and PCX Equities, Inc.

About ArcaEx

Archipelago Holdings (PCX: AX) operates The Archipelago Exchange(SM) (ArcaEx®) the first totally open all-electronic stock exchange in the United States. ArcaEx trades all Nasdaq-listed equity securities and exchange listed equity securities, including those listed on the New York Stock Exchange®, American Stock Exchange®, and Pacific Exchange®. In addition to offering core execution services, ArcaEx provides corporate clients with listing services and innovative data products. In 2004, Archipelago launched ArcaVision to provide corporate and trading clients with more transparent market data, analytical tools and access to market-wide and ArcaEx specific trading information. Archipelago Holdings completed its initial public offering in August 2004. For more information please visit http://www.arcaex.com.

About American Dairy

American Dairy, Inc. conducts operations in the People's Republic of China ("China") through its wholly owned subsidiary Feihe Dairy. Founded in 1962, Feihe Dairy is one of the leading producers and distributors of milk powder and soybean products in China. Feihe Dairy is located in Kedong County, China and has been in operation since 2001. American Dairy also has a milk powder processing plant, Sanhao Dairy, in Kedong County, China.

Forward-Looking Statements

Certain statements in this press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on Archipelago's current expectations and involve risks and uncertainties that could cause Archipelago's actual results to differ materially from those set forth in the statements. There can be no assurance that such expectations will prove to be correct. Factors that could cause Archipelago's results to differ materially from current expectations include: general economic and business conditions, industry trends, competitive conditions, regulatory developments as well as other risks or factors identified in the Company's filings with the Securities Exchange Commission, including its Report on Form 10-K for the fiscal year ending December 31, 2004 which is available on the Company's website at http://www.archipelago.com. You should not place undue reliance on forward- looking statements, which speak only as of the date of this press release. Except for any obligation to disclose material information under the Federal securities laws, Archipelago undertakes no obligation to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date of this press release.


Contact:
Archipelago
Margaret Nagle
312-442-7083