China Green Agriculture, Inc. Holds 10th Annual Distributor Conference
05 Janeiro 2010 - 10:00AM
PR Newswire (US)
XI'AN, China, Jan 5 /PRNewswire-Asia-FirstCall/ -- China Green
Agriculture, Inc. (NYSE: CGA; "China Green Agriculture" or "the
Company"), a leading producer and distributor of humic acid ("HA")
based compound fertilizer through its wholly owned subsidiary,
Shaanxi TechTeam Jinong Humic Acid Product Co., Ltd., today
announced that it has successfully completed the Company's 10th
annual distributor conference held on December 19th and 20th, 2009
at China Green Agriculture's headquarters in Xi'an, Shaanxi
Province. In attendance were over 200 distributors across 27
Chinese provinces along with key government officials from the
Yanglin Agriculture High-Tech Zone. Distributors and guests toured
the Company's headquarters and both the production and R&D
facilities during the two-day event, with the main ceremony held at
the Company's production facility located in Xi'an. Mr. Tao Li
shared with attendees the Company's outlook which included the goal
of reaching full capacity of its 55,000 metric tons production
facilities within the next 3 years, expanding its R&D
facilities, and strengthening the Jinong brand among end users. In
addition, the Company hosted a half-day training session focused on
effective marketing and branding techniques to assist distributors
in propelling China Green Agriculture's Jinong brand. The Company
also recognized 20 distributors for their outstanding achievements
in 2009. "Our goal within the next three to five years is to make
Jinong the number one household name to distributors, retailers and
farmers in China's organic fertilizer marketplace," stated Mr. Tao
Li, Chairman and CEO of China Green Agriculture. "Our continued
success in strengthening our distribution network lies in our
sustained ability in bringing new fertilizer products to the market
quickly while providing effective sales training and technical
support. We are confident that we will continue to drive revenues
and expand both our gross and operating margins into calendar year
2010." To review photos from the annual distributors conference,
please visit the Company's website at
http://www.ir-site.com/cgagri/10E.asp . About China Green
Agriculture, Inc. China Green Agriculture, Inc. produces and
distributes humic acid ("HA") based compound fertilizer through its
wholly owned subsidiary, Shaanxi TechTeam Jinong Humic Acid Product
Co., Ltd., ("Jinong"). Jinong produces and sells over 130 different
kinds of fertilizer products per year. All of Jinong's fertilizer
products are certified by the PRC government as green food
production materials, as stated by the China Green Food Research
Center. Jinong's liquid based 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). Jinong also has the capacity to produce
highly concentrated powdered fertilizers. China Green Agriculture
currently markets its fertilizer products to private wholesalers
and retailers of agricultural farm products in 21 provinces, 4
autonomous regions and 3 municipal cities in the PRC. The leading
five provinces which collectively accounted for 36.0% of the
Company's fertilizer revenue for the three months ended September
30, 2009 are Shandong (10.5%), Shaanxi (8.3%), Heilongjiang (6.4%),
Henan (5.6%) and Anhui (5.2%). 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: 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, Ms. Ying Yang, Chief Financial Officer of China
Green Agriculture, Inc., +1-626-623-2575, ; or Ted Haberfield,
Executive VP of HC International, Inc., +1-760-755-2716, ; or in
China, Mr. Jonnie Wang, Secretary of Board, Investor Relations
Officer of China Green Agriculture, Inc., +86-29-8826-6368, Web
site: http://www.cgagri.com/ http://www.ir-site.com/cgagri/10E.asp
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