CHANGGE and BEIJING, China, June 7, 2011 /PRNewswire-FirstCall/ -- Zhongpin Inc. ("Zhongpin", Nasdaq: HOGS), a leading meat and food processing company in the People's Republic of China, today announced that Zhongpin received two high recognitions during the World Meat Exhibition that was held from May 31 to June 1, 2011 in Beijing. The awards are issued only every third year. Zhongpin was recognized as the "Leading Enterprise in the Meat and Food Industry in China" and also was named an "Enterprise with Special Contributions in Chinese Meat Industry."
Mr. Xianfu Zhu, Chairman and Chief Executive Officer of Zhongpin, said, "These two awards acknowledge that Zhongpin is at the forefront of China's meat industry and also recognize that Zhongpin has been actively helping to improve the industry by example and through briefings and tours. Zhongpin's leadership also has helped others to learn how to modernize their processes and improve their effectiveness, efficiency, and financial performance.
"We are pleased to help lead the industry. Our continuous advances have greatly improved Zhongpin's operating and financial performance. We hope that other companies in China will benefit from our leadership to help provide the best meat quality and safety for the citizens of China."
"We believe these honors are likely to further strengthen our role as the pork industry consolidates in China in the next few years."
At the World Meat Exhibition, Zhongpin was ranking number two, one from the top, based on a comprehensive evaluation that included size, management, supply chain management, capacity, production standards, quality assurance and control systems, cold-chain logistics network, and other factors.
The World Meat Exhibition is jointly sponsored by the World Meat Organization and the China Meat Association. The awards were announced during the "2011 Seminar on Development Strategy for the Meat Industry" session of the Exhibition.
About Zhongpin
Zhongpin Inc. is a meat and food processing company that specializes in pork and pork products, vegetables, and fruits in China. Its distribution network in China covers 20 provinces plus Beijing, Shanghai, Tianjin, and Chongqing and includes 3,378 retail outlets. Zhongpin's export markets include Europe, Hong Kong, and other countries in Asia. For more information about Zhongpin, please visit Zhongpin's website at http://www.zpfood.com.
Safe harbor statement
Certain statements in this news release may be forward-looking statements made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Zhongpin has based its forward-looking statements largely on its current expectations and projections about future events and trends that it believes may affect its business strategy, results of operations, financial condition, and financing needs.
These projections involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, which may include but are not limited to such factors as downturns in the Chinese economy, unanticipated changes in product demand, interruptions in the supply of live pigs and or raw pork, the effects of weather on hog feed production, poor performance of the retail distribution network, delivery delays, freezer facility malfunctions, Zhongpin's ability to build and commence new production facilities according to intended timelines, the ability to prepare Zhongpin for growth, the ability to predict Zhongpin's future financial performance and financing ability, changes in regulations, and other information detailed in Zhongpin's filings with the United States Securities and Exchange Commission. These filings are available from www.sec.gov or from Zhongpin's website at www.zpfood.com.
You are urged to consider these factors carefully in evaluating Zhongpin's forward-looking statements and are cautioned not to place undue reliance on those forward-looking statements, which are qualified in their entirety by this cautionary statement. All information provided in this news release is as of the date of this release. Zhongpin does not undertake any obligation to update any forward-looking statement as a result of new information, future events, or otherwise, except as required by law.
For more information, please contact:
Zhongpin Inc.
Mr. Sterling Song (English and Chinese)
Investor Relations Manager
Telephone +86 10 8286 1788 extension 101 in Beijing
ir@zhongpin.com
Mr. Warren (Feng) Wang (English and Chinese)
Chief Financial Officer
Telephone +86 10 8286 1788 extension 104 in Beijing
warren.wang@zhongpin.com
Christensen
Mr. Christian Arnell (English and Chinese)
Telephone +86 10 5826 4939 in Beijing
carnell@christensenir.com
Mr. Tom Myers (English)
Mobile +86 139 1141 3520 in Beijing
tmyers@christensenir.com
Ms. Kathy Li (English and Chinese)
Telephone +1 212 618 1978
kli@christensenir.com
