LAIZHOU, China, Sep. 25 /Xinhua-PRNewswire/ -- Shandong Zhouyuan Seed and Nursery Co., Ltd. (OTC Bulletin Board: SZSN) ("SZSN" or "Parent Corporation") which is 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 sales and distribution agreement with the seeds department of Yishui Technology Development Center ("YTDC seeds department of the Center") on August 17, 2007. Pursuant to the agreement, Zhouyuan will provide original seeds to YDTC, and YDTC is fully authorized to be the exclusive distributor to produce and sell the seeds in Yishui area in Shandong province. In addition, the two parties will create closely cooperative relationships with each other in the field of hybrid seeds R&D and quality control in the future.
Quality seed production is one of the keys to SZSN's success. All necessary measures are taken to ensure that seed of superior physical and genetic quality is produced. Seed is produced by selected growers and all production activities are closely supervised by the production team to ensure that the stringent genetic requirements are met. Quality is assessed both before and after processing and packing at the quality control laboratories. Obviously this cooperation will further strengthen SZSN's new hybrid seeds quality control through the high R&D standards of the Center.
"Genetic research is the fundamental requirement of any plant improvement program. Yishui Technology Development Center boasts a team of highly qualified plant breeders and agricultural scientists, who work in modern, fully equipped research stations with sophisticated laboratory and testing facilities. Through cooperation with them, we will strengthen our R&D abilities, not only just set up another new sales and distribution network," Mr. Wang Zhigang, President of SZSN, stated.
Yishui Technology Development Center is an organization with its origins deeply rooted in agriculture. It was founded in Yishui area in Shandong Province, a thriving agricultural community situated in the heart of this province. It initiated its hybrid seeds research and breeding program and began developing its own improved products, specifically adapted to meet the needs of farmers in Yishui area. After a few years developing, it became the largest seeds research, development and sales company in the local market.
Shandong Zhouyuan Seed and Nursery Co., Ltd.
Shandong Zhouyuan Seed and Nursery Co., Ltd. (SZSN) is a large 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"), grows, produces and markets 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 of more than twenty provinces in China. Now Zhouyuan 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.
