XI'AN, China, May 29, 2013 /PRNewswire/ -- China Green Agriculture, Inc. (NYSE: CGA; "China Green Agriculture" or the "Company"), a company mainly produces and distributes humic acid-based compound fertilizers, other varieties of compound fertilizers and agricultural products through its wholly-owned subsidiaries in China, today announced that, in earlier May 2013, one of the Company's wholly-owned subsidiary in China, Shaanxi TechTeam Jinong Humic Acid Product Co., Ltd. ("Jinong"), was selected by China Green Food and Agriculture Co-op ("the Co-op"), as one of the Co-op's preferred fertilizer suppliers in its certified green food production.
Advocated since its founding in 1993 by a group of agricultural experts including the former minister of Ministry of Agriculture of China, the Co-op has a twenty-year history in distributing quality agricultural materials such as seeds, fertilizers, and roundups to farms in China. Farmers purchase Co-op authenticated agricultural materials and supplies through the Co-op's purchase and distribution network. Under the distribution network that the Co-op has been promoting, the Co-op is in strict supervision of agricultural materials distribution in a relatively closed channel. The Co-op plans to expand its distribution coverage to more than 20 provinces and 200 cities in the future.
"We are glad that Jinong got approved and selected by the Co-op as a preferred fertilizer supplier," said Mr. Tao Li, Chairman and Chief Executive Officer of the Company, "we believe the relationship with the Co-op will help Jinong to further expand its sales network and improve its product penetration in the green food production."
About China Green Agriculture, Inc.
The Company mainly produces and distributes humic acid-based compound fertilizers, other varieties of compound fertilizers and agricultural products through its wholly-owned subsidiaries, i.e.: Jinong, Beijing Gufeng Chemical Products Co., Ltd. ("Gufeng") and Xi'an Hu County Yuxing Agriculture Technology Development Co., Ltd. ("Yuxing"). Jinong produced and sold 132 different kinds of fertilizer products as of March 31, 2013, all of which are certified by the PRC government as Green Food Production Materials, as stated by the China Green Food Development Center. Jinong currently markets its fertilizer products to private wholesalers and retailers of agricultural farm products in 27 provinces, four autonomous regions, and three central-government-controlled municipalities in the PRC. Jinong had 797 distributors in China as of March 31, 2013. Gufeng, and its wholly-owned subsidiary, Beijing Tianjuyuan Fertilizer Co., Ltd., are Beijing-based producers of compound fertilizer, blended fertilizer, organic compound fertilizer, and mixed organic-inorganic compound fertilizer. As of March 31, 2013, Gufeng produced and sold 317 different kinds of fertilizer products, and had 198 distributors in China. For more information, visit http://www.cgagri.com. The Company routinely posts important information on its website.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 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, business and environment conditions, development, shipment, market acceptance, additional competition from existing and new competitors, changes in technology, the execution of its ten-year growth plan, a satisfactory conclusion of the pending securities class action litigation 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 SEC. 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, except as required by applicable law or regulations.
For more information, please contact:
China Green Agriculture, Inc.
Ms. Ran Liu (English and Chinese)
Board Secretary
Tel: +86-187-0089-6067
Email: liuran@cgagri.com
