China Green Agriculture, Inc. Launches Three New Fertilizer Products
17 Agosto 2009 - 8:00AM
PR Newswire (US)
Strengthens Distribution Network with 19 New Distributors in Q4
FY2009 XI'AN, China, Aug. 17 /PRNewswire-Asia-FirstCall/ -- China
Green Agriculture, Inc. (NYSE Amex: 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 launched three new liquid based fertilizer
products in the quarter ended June 30, 2009. China Green
Agriculture currently offers 134 different humic acid based liquid
compound fertilizers, which are distributed via the Company's 530
individual distributors covering 27 provinces in China and are
certified by the Chinese government as "Green Food Production
Materials". Dao Sheng -- is specifically developed to strengthen
the immune system for transplanted rice seedlings. It can
effectively prevent rice from diseases, such as rice blast, rice
sheath blight and check blight, while increasing output. Jin Wang
Ting -- can be applied to crops in three different growing stages.
It improves the development of the root system in the early stage,
strengthens the vegetative parts (trunk, stems and leaves) and
stimulates more buds in the flowering stage. It promotes fullness
of the fruits and relieves the adverse effects from drought, flood
and diseases in the last growth stage. Xian Jian -- hinders
bacterial growth in the soil which leads to root degradation,
improves the survival rate of transplant and grafted seedlings for
melon and increases sugar and vitamin contents in melon. "Our
research and development team continues to introduce new products
to meet the growing demand for green foods while our rapid and
efficient R&D processes brings our products to the market
quickly," said Mr. Tao Li, the Company's chairman and CEO. "Our
proprietary R&D platform coupled with our strong marketing and
after sales support have allowed us to promptly generate revenue as
we continue to expand our market share." Distribution Network
Update Additionally, the Company announced that that it has signed
agreements with 19 new distributors throughout the quarter ending
June 30, 2009. The 19 new clients have increased the Company's
regional distributor base to 530 individual distributors and have
strengthened the Company's local market foothold in several
provinces including Shangdong, Anhui, Guangxi, Yunnan, Fujian,
Guangdong, Xinjiang, Hunan, Hubei, and Shaanxi. With the
cooperation of distributors, the Company promotes and introduces
its new and existing fertilizer products through television and
print advertisements, award ceremonies, local meetings and
educational workshops. 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 over 100 different kinds
of fertilizer products per year. All of TechTeam's fertilizer
products are certified by the PRC government as green food
production materials, as stated by the China Green Food Research
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 Safe Harbor 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: In the US:
China Green Agriculture, Inc. Ms. Ying Yang, Chief Financial
Officer Tel: +1-626-623-2575 Email: OR HC International, Inc. Ted
Haberfield, Executive VP Tel: +1-760-755-2716 Email: In China:
China Green Agriculture, Inc. Mr. Jonnie Wang, Secretary of Board,
Investor Relations Officer Tel: +86-29-8826-6368 Email: DATASOURCE:
China Green Agriculture, Inc. CONTACT: In the US: China Green
Agriculture, Inc., Ms. Ying Yang, Chief Financial Officer,
+1-626-623-2575, or ; or HC International, Inc., Ted Haberfield,
Executive VP, +1-760-755-2716, or ; In China: China Green
Agriculture, Inc., Mr. Jonnie Wang, Secretary of Board, Investor
Relations Officer, +86-29-8826-6368, or Web site:
http://www.cgagri.com/
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