China Green Agriculture, Inc. Set to Join Russell 3000 and Russell Global Indexes
16 Junho 2009 - 5:50PM
PR Newswire (US)
XI'AN, China, June 16 /PRNewswire-Asia-FirstCall/ -- China Green
Agriculture, Inc. (NYSE Amex Equities: CGA; "China Green
Agriculture" or "the Company"), a leading producer and distributor
of humic acid ("HA") based liquid compound fertilizer through its
wholly owned subsidiary, Shaanxi TechTeam Jinong Humic Acid Product
Co., Ltd., today announced that it is set to join the broad-market
Russell 3000(R) Index when Russell Investments ("Russell")
reconstitutes its comprehensive set of U.S. and global equity
indexes on June 26, 2009, according to a preliminary list of
additions posted on June 12, 2009 at http://www.russell.com/ .
Annual reconstitution of Russell's U.S. indexes captures the 4,000
largest U.S. stocks as of the end of May 2009 ranking them by total
market capitalization. Membership in the Russell 3000, which
remains in place for one year, means automatic inclusion for China
Green Agriculture in the Russell Microcap(R) Index as well as the
appropriate growth and value style indexes. Russell determines
membership for its equity indexes primarily by objective,
market-capitalization rankings and style attributes. "We are very
pleased to be selected for the Russell Indexes," stated Mr. Tao Li,
Chairman and CEO of China Green Agriculture. "We believe inclusion
in these indexes will help increase our visibility among investors
and contribute to our efforts to increase liquidity and shareholder
value." The Russell 3000 Index also serves as the U.S. component of
the Russell Global(R) Index, which Russell launched in 2007. The
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for both
passive and active investment strategies. An industry-leading $4
trillion in assets currently are benchmarked to them. Total returns
data for the Russell 3000 and other Russell indexes are available
at http://www.russell.com/Indexes/performance/default.asp . About
China Green Agriculture, Inc. China Green Agriculture, Inc.
produces and distributes humic acid ("HA") based liquid compound
fertilizer through its wholly owned subsidiary, Shaanxi TechTeam
Jinong Humic Acid Product Co., Ltd., ("TechTeam"). TechTeam
produces and sells approximately 15,000 metric tons of over 100
different kinds of fertilizer products per year. All of TechTeam's
fertilizer products are trademarked by the PRC government as Green
Production Material and suitable for growing "green" foods, as
stated by the China Green Food Development Center. TechTeam's
fertilizers are highly concentrated liquids which require an
application of approximately 120 ml per mu per application. Its
average end user has approximately four mu of land (one mu = .165
acres). China Green Agriculture currently markets its fertilizer
products to private wholesalers and retailers of agricultural farm
products in 27 provinces in the PRC. The leading five provinces by
revenue for the three months ended March 31, 2009 are Shaanxi
(12.2%), Shandong (10.6%), Anhui (6.2%), Xinjiang (6.0%) and Henan
(5.4%), which in total accounted for 40.5% of our total fertilizer
sales from the sale of our fertilizer products. For more
information, visit http://www.cgagri.com/ . Safe Harbor Statement
This press release contains forward-looking statements concerning
the Company's business, products and financial results. The
Company's actual results may differ materially from those
anticipated in the forward-looking statements depending on a number
of risk factors including, but not limited to, the following:
general economic and business conditions, development, shipment,
market acceptance, additional competition from existing and new
competitors, changes in technology, and various other factors
beyond the Company's control. All forward-looking statements are
expressly qualified in their entirety by this Cautionary Statement
and the risk factors detailed in the Company's reports filed with
the Securities and Exchange Commission. China Green Agriculture
undertakes no duty to revise or update any forward-looking
statements to reflect events or circumstances after the date of
this release For more information, please contact: China Green
Agriculture, Inc. Ms. Ying Yang, Chief Financial Officer Tel:
+1-626-623-2575 Email: HC International, Inc. Ted Haberfield,
Executive VP Tel: +1-760-755-2716 Email: Web:
http://www.hcinternational.net/ DATASOURCE: China Green
Agriculture, Inc. CONTACT: China Green Agriculture, Inc., Ms. Ying
Yang, Chief Financial Officer, +1-626-623-2575, or HC
International, Inc., Ted Haberfield, Executive VP, +1-760-755-2716,
for China Green Agriculture, Inc. Web site: http://www.russell.com/
http://www.cgagri.com/
http://www.russell.com/Indexes/performance/default.asp
http://www.hcinternational.net/
Copyright