BEIJING, Sept. 30 /PRNewswire-Asia-FirstCall/ -- Yongye International, Inc. (Nasdaq: YONG), ("Yongye or "the Company") a leading developer and distributor of Shengmingsu brand plant and animal nutrient products in the People's Republic of China (PRC), today announced that on September 20, 2009 China Central Television (CCTV) honored Mr. Zishen Wu, the Company's chairman and chief executive officer, by naming him the "Most Important Contributor To San Nong".
San Nong is a rural development project in mainland China that encompasses agriculture, rural areas, and rural farmers. In recent years, the central government has invested significantly in San Nong, one of the most important development issues in the country. The government invested RMB 432 billion (US$63.3 billion) in 2007 and RMB 600 billion (US$87.9 billion) in 2008, and is projected to contribute an additional RMB 718 billion (US$105.1 billion) in 2009.
Mr. Wu has taken leadership roles with the Alxa Society Entrepreneur Ecology (SEE) Ecological Association, a non-profit organization founded by a group of well-known Chinese entrepreneurs with the goal to improve and restore the ecological environment in the Alashan League area by reducing the frequency of sandstorms. The Alashan League (an administrative unit in Inner Mongolia) is located in the western most part of the Inner Mongolia Autonomous Region with an area of 270,000 square kilometers. Most of the Alashan League area is desert, a major sandstorm origin in North China.
In conjunction with receiving the award, Mr. Wu was interviewed by CCTV Channel 7 to discuss his experiences in the Chinese agricultural industry. CCTV Channel 7 is the only national agricultural TV channel in China.
During the interview, Mr. Wu discussed how he works with the Alxa SEE Ecological Association to improve the agricultural environment in Inner Mongolia. In addition, Mr. Wu explained how Shengmingsu improves the quality and quantity of crop yields and why he expects strong growth in Yongye's business during the next few years, given the arable land shortage and the Company's unique sales and marketing strategy.
About Yongye International, Inc.
Yongye International, Inc., headquartered in Beijing, is engaged in the development, distribution and sales of Shengmingsu brand plant and animal nutrient products. The Company's patented and patent pending formulas and proprietary extraction processes allow it to create products that increase crop yields and improve the health of livestock. Its sole operating subsidiary, Inner Mongolia Yongye Nongfeng Biotechnology Co., Ltd., is headquartered in Beijing with administrative and sales offices located in Inner Mongolia, People's Republic of China. For more information, please visit the Company's website at http://www.yongyeintl.com .
Safe Harbor Statement
This press release contains certain statements that may include
"forward-looking statements." All statements other than statements of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including the risk factors discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on the SEC's website ( http://www.sec.gov ). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these risk factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
For more information, please contact:
Yongye International, Inc.
Mr. Larry Gilmore -- VP of Corporate Strategy
Phone: +86-10-8232-8866 x8880
Email: larry.gilmore@yongyeintl.com
CCG Investor Relations, Inc.
Mr. Crocker Coulson, President
Phone: +1-646-213-1915 (New York)
Email: crocker.coulson@ccgir.com
Web: http://www.ccgirasia.com