XI'AN, China, July 8, 2015 /PRNewswire/ -- China Green Agriculture, Inc. (NYSE:CGA; "China Green Agriculture", "CGA" or the "Company"), a company that mainly produces and distributes humic acid-based compound fertilizers, other varieties of compound fertilizers and agricultural products through its subsidiaries in China, today announced that the Company's previously announced online sales platform of basic agricultural materials has begun operation. The link to the online sales platform is www.900nong.com ("900nong.com").
The business model of 900nong.com is analogous to T-mall but specialized in selling basic agricultural materials. 900nong.com also offers, among others things, agriculture information, agricultural technology, bulk farm-products and land transfer information. The purpose of building the platform is to provide comprehensive services to rural residents from their farmlands to their everyday lives all over the country. The 900nong.com mobile application (app) is under intense development, and is expected to become operational in autumn 2015. With the mobile app, customers will be able to enjoy 900nong.com's services in a more convenient way.
Distributors of the Company can set up online shops on 900nong.com to promote the Company's products as well as other kinds of products such as pesticides and seeds they distribute for various manufacturers. In addition, any interested companies and individuals are able to set up online stores on 900nong.com to sell their products through the website. Eventually, rural residents could purchase anything they need from 900nong.com, instead of traveling far to the physical stores located in the city.
After more than three months of trial operations, as of July 8, 2015 a total of 289 stores were set up on 900nong.com, the total number of registered users reached 2,600 and the trading volume is over RMB 3 million (almost 0.5million USD).
"I am glad that 900nong.com has become operational," stated Mr. Tao Li, Chairman and CEO of the Company, "and I am pleased to see our distributors and other manufacturers are full of enthusiasm to set up stores on 900nong.com. I believe with the new platform, we have opened another door for our sales project. Since E-commerce is becoming popular in rural areas, 900nong.com is expected to contribute a lot to the Company's sales revenue."
About China Green Agriculture, Inc.
The Company produces and distributes humic acid-based compound fertilizers, other varieties of compound fertilizers and agricultural products through its wholly-owned subsidiaries, i.e.: Shaanxi TechTeam Jinong Humic Acid Product Co., Ltd. ("Jinong"), Beijing Gufeng Chemical Products Co., Ltd. ("Gufeng"), and a variable interest entity, Xi'an Hu County Yuxing Agriculture Technology Development Co., Ltd. ("Yuxing"). Jinong produced and sold 121 different kinds of fertilizer products as of March 31, 2015, all of which are certified by the government of the People's Republic of China (the "PRC") 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 978 distributors in the PRC as of March 31, 2015. Gufeng, and its wholly-owned subsidiary, Beijing Tianjuyuan Fertilizer Co., Ltd., are Beijing-based producers of compound fertilizers, blended fertilizers, organic compound fertilizers, and mixed organic-inorganic compound fertilizers. As of March 31, 2015, Gufeng produced and sold 332 different kinds of fertilizer products, and had 278 distributors in the PRC. 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)
+86-29-88266500
liuran@cgagri.com
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