LAIZHOU, China, Aug. 18 /Xinhua-PRNewswire/ -- Shandong Zhouyuan Seed and Nursery Co., Ltd. (OTC Bulletin Board: SZSN) ("SZSN" or "Parent Corporation"), incorporated in the State of Delaware, announced that its operating subsidiary company in China, Shandong Zhouyuan Seed and Nursery Co., Ltd. ("Zhouyuan" or "the Company"), has signed a jointly new corn seed research and development agreement with Hebei Shexian Qing Yang Seed Co., Ltd. ("Qing Yang") in order to accelerate the application and promotion of new corn seed -- "Zhouyuan 98" in Hebei province, China P.R.C.
According to the agreement, once this kind of seed is successfully approved and validated by relevant Hebei government departments, Zhouyuan will provide original "Zhouyuan 98" seeds to Qing Yang, and Qing Yang will be fully authorized to produce and sell the seeds in Hebei. Besides, Zhouyuan can even realize its entry into the Hebei market through the established networks and resources of Qing Yang.
Mr. Wang Zhigang, President of SZSN, commented, "We are moving aggressively to deliver the most efficient networks in order to lead the crop seed industry in China. Our industry is continuing to grow and evolve at a rapid pace, and we are establishing new networks or cooperating with new distributors to become the primary participant in the consolidation of our market. We routinely evaluate the networks to achieve optimal efficiencies in order to deliver the best products and service to China's farmers and support our growth with a robust product pipeline. Our strategy capitalizes on emerging macro trends in the Chinese crop seed industry and leverages our core strengths in technology, marketing, and distribution."
About Shandong Zhouyuan Seed and Nursery Co., Ltd.
Shandong Zhouyuan Seed and Nursery Co., Ltd. (SZSN) is a large-sized hi-tech corporation, which is incorporated in the State of Delaware under the laws of United States. SZSN, through its operating subsidiary, Shandong Zhouyuan Seed and Nursery Co., Ltd. ("Zhouyuan"), to grow, produce and market the seeds with high starch content for use in industrial food production in China. Zhouyuan was organized in 2001 in China under the laws of the People's Republic of China, which is located in Laizhou, Shandong province. Its business covers the agriculture seeds development and distribution over more than twenty provinces in China. Zhouyuan now ranks as one of the top three seed producers in the Laizhou District, which is known as the "Seed Valley of China".
Safe Harbor
A number of statements referenced in this Press Release, and in our website, are forward-looking statements, which are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, and within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, and goals, assumption of future events or performance are not statements of historical fact and may be "forward-looking statements." Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this Release may be identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes," or statements indicating certain actions "may," "could," or "might" occur. Such statements reflect the current views of Shandong Zhouyuan Seed and Nursery Co., Ltd. with respect to future events and are subject to certain assumptions, including those described in this release. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products, services, and technologies, competitive market conditions, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses, and other factors. The actual results that the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties.
Shandong Zhouyuan Seed and Nursery Co., Ltd. does not undertake any responsibility to update the "forward-looking" statements contained in this news release.
