FOR IMMEDIATE RELEASE
Chai-Na-Ta Corp. Reports 2009 Year-end Results
RICHMOND, BRITISH COLUMBIA – March 12, 2010 – Chai-Na-Ta Corp. (OTCBB: “CCCFF”), one of
the world’s largest suppliers of North American ginseng, today announced 2009 net earnings of $669,000, or
$0.02 per basic share, compared to a 2008 net loss of $4.7 million, or $0.13 per basic share.
Revenue decreased to $6.9 million in 2009 from $9.2 million in 2008. We realized an average selling price of
$8.50 per pound compared to $9.50 per pound in 2008.
“Due to the overall decrease in production in the 2009 harvest for the industry, we have committed more than
98% of our 2009 harvest and achieved a moderate recovery in the average sales price moving into 2010,” said
Derek Zen, Chairman of the Company.
“However, weak ginseng prices remain a challenge and the ability of the Company to achieve operating income
and positive cash flows while continuing to plant at a sustainable level is uncertain,” Mr. Zen continued. “We have
no intention to continue planting new ginseng crops in Ontario but will attempt to identify other viable business
2009 Fourth Quarter
During the quarter ended December 31, 2009, revenue decreased to $1.0 million from $1.7 million in the same
quarter last year. Net earnings in the 2009 fourth quarter were $15,000, or less than $0.01 per basic share,
compared to a net loss of $2.1 million, or $0.06 per basic share, in the same period last year. The net earnings in
the fourth quarter of 2009 were primarily a result of the gain on the disposition of the Company’s property and
facilities in British Columbia.
Unit 100 – 12051 Horseshoe Way
Richmond, BC V7A 4V4
Toll Free in Canada & USA:
Telephone: (604) 272-4118
Facsimile: (604) 272-4113
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Chai-Na-Ta Corp., based in Richmond, British Columbia, is one of the world’s largest suppliers of North