China Green Agriculture, Inc. Launches Four New Fertilizer Products
28 Janeiro 2010 - 10:00AM
PR Newswire (US)
Strengthens Distribution Network with 3 New Distributors in Q2
FY2010 XI'AN, China, Jan. 28 /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 launched four new HA based fertilizer
products in the second quarter ended December 31, 2009. China Green
Agriculture currently offers 141 different HA based compound
fertilizers, which are distributed via the Company's 540 individual
distributors covering 21 provinces, 4 autonomous regions and 3
municipal cities in China. Its fertilizer products are certified by
the Chinese government as "Green Food Production Materials". The
following is a brief description of the Company's four new
products: Jinong Jingdian -- a highly concentrated powder based
fertilizer used to increase crop yields in various weather
conditions, including frost and drought. Product contains nitrogen,
phosphorus, potassium, organic matter, active protein,
carbohydrate, vitamins and micro elements. By improving the
synthesis of multiple enzymes and metabolism for nitrogen, it can
remarkably improve the immune system and development of various
crops. Liang Guo Zeng Tian -- a highly concentrated powder based
fertilizer specifically developed to promote fullness of the
fruits. This highly efficient, time-released fertilizer contains no
hormones or chlorine and works to improve the resistance to pests
while preventing damage caused by adverse weather conditions. Lan
Gai -- rich in calcium, this liquid based fertilizer prevents
bitter pit disease, navel rot, burning heart, and adverse affects
caused by calcium deficiency for the crops, especially fruits and
vegetables. It promotes the shininess of crops' skin, improves
firmness of fruit and helps extend the shelf life. Di Guan Fei - a
liquid based fertilizer designed specifically for farmlands with
irrigation systems. It can be dissolved in a short period of time
and is quickly absorbed by the roots, thus improving the immune
system of the plant, particularly for cotton, and resulting in a
reduction of bud dropping while enhancing productivity. "We will
continue to introduce new products to the market quickly which
includes both liquid and powder fertilizer products," said Mr. Tao
Li, the Company's chairman and CEO. "We remain on schedule in
meeting our construction goals for our additional 12 new
greenhouses which will further increase the company's ability to
develop high margin fertilizer products as well as HA based
derivatives such as HA based pesticides and herbicides. We are
confident that the growing demand for our green fertilizer products
coupled with our expanding R&D platform will enable us to
deliver incremental revenue and earnings growth, while expanding
both gross and operating margins." Distribution Network Update
Additionally, the Company announced that that it has signed
agreements with 3 new distributors throughout the quarter ending
December 31, 2009. The 3 new clients have increased the Company's
regional distributor base to 540 individual distributors and have
strengthened the Company's distribution footprint in key provinces,
autonomous regions and municipal cities, throughout China. 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 140 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 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: 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 ; or at HC
International, Inc., Ted Haberfield, Executive VP, +1-760-755-2716,
or , for CGA; or in China, Mr. Jonnie Wang, Secretary of Board,
Investor Relations Officer of China Green Agriculture, Inc.,
+86-29-8826-6368, or Web Site: http://www.cgagri.com/
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