China Kangtai Cactus Biotech Inc. (OTCBB: CKGT), a vertically integrated grower, developer, manufacturer and marketer of a variety of cactus-based products in China, announced today that it does not intend to access the newly announced Kodiak financing agreement if its stock price remains at current levels.

China Kangtai CEO Jinjiang Wang said, "Our book value as of the end of 2010 was $2.13 per share, which is well above our current stock price. We do not intend to use this facility if our stock price does not improve significantly. Although we had ample cash reserves at the end of the 2010 fiscal year to support our current operations, we entered into this financing to ensure sufficient liquidity to provide support for our upcoming activities including the launch of a new cigarette product if needed. Pursuant to the terms of the financing, the Company is not obligated to access the facility. The management will continue to monitor the Company's capital needs and take into consideration the effects of this financing on the Company and its shareholders."

About China Kangtai Cactus Biotech, Inc.

China Kangtai Cactus Biotech, Inc. is a leading grower, developer, producer, and marketer of cactus-derived products, including nutraceuticals, nutritious food, health and energy drinks, beer, wine and liquor, extracts and powders, and animal feed. China Kangtai controls over 387 acres of plants and maintains an active R&D group that holds 18 product patents and is seeking another 12. China Kangtai's high-quality "green" products are sold throughout China via a distribution network that covers 12 of China's 23 provinces and two of China's four municipalities. More information may be found at http://www.biocactus.com or via e-mail: chinakangtai@gmail.com.

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This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks contained in reports filed by the company with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the company, are expressly qualified by the cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

Hawk Associates
Investor Contacts:
Frank Hawkins or Amy Lin, 305-451-1888
kangtai@hawkassociates.com