XI'AN, China, Jan. 7, 2011 /PRNewswire-Asia/ -- China Green Agriculture, Inc. (NYSE: CGA; "China Green Agriculture" or "the Company"), a leading producer and distributor of humic acid ("HA") based compound fertilizer, blended fertilizer, organic compound fertilizer and mixed organic-inorganic compound fertilizer through its wholly owned subsidiaries in China, Shaanxi TechTeam Jinong Humic Acid Product Co., Ltd. and Beijing Gufeng Chemical Products Co., Ltd., today announced the successful completion of Jinong's 11th annual distributor conference held from December 8 to 11, 2010 at China Green Agriculture's headquarters in Xi'an, Shaanxi Province.
Over 250 distributors and guests of Jinong from all over the nation toured the Company's headquarters and both the production and R&D facilities during the four-day event. During the main ceremony in Xi'an, the management team shared with attendees the Company's sales strategy and marketing plans for 2011, and recognized 12 distributors for their outstanding performance in 2010. In addition, the Company had invited two fertilizer experts to deliver speeches on innovative fertilizer application, particularly the impact of 3-D irrigation approach on crop yields and potential fertilizer market in China. Distributors and guests exchanged their experience and benefits of selling Jinong’s humic acid fertilizers and were eager to learn about upcoming fertilizer products.
"We have received very positive feedback from the attendees. Distributors who have never been to the company before were really impressed by our modern manufacturing line as well as our self-designed model retail/or designated stores," stated Mr. Tao Li, Chairman and CEO of China Green Agriculture. "The purpose of this annual conference is not only to recognize of our outstanding distributors, but also to provide a platform for our distributors to exchange their technical and operational questions, and more importantly to come up with an initial purchase intent and help the company better budget its operation strategy in the coming year. We are very proud that this conference has been another successful one and reached its goals."
To review photos from the annual distributor conference, please visit the Company's website at http://www.ir-site.com/cgagri/11E.asp.
About China Green Agriculture, Inc.
China Green Agriculture, Inc. mainly produces and distributes 464 humic acid (HA)-based compound fertilizers and other varieties of compound fertilizers through its wholly-owned subsidiaries, Shaanxi TechTeam Jinong Humic Acid Product Co., Ltd. ("Jinong") and Beijing Gufeng Chemical Products Co., Ltd. ("Gufeng"). It currently has 740 distributors covering 21 provinces, four autonomous regions and three central-government-controlled municipalities in the PRC. For the three months ended September 30, 2010, the top five provinces of fertilizer sales accounted for 28.2% of fertilizer revenues. The five provinces and their respective percentage contribution to total fertilizer revenues were Hebei (7.6%), Heilongjiang (6.1%), Liaoning (5.2%), Jilin (4.8%), and Shaanxi (4.6%). For more information, visit http://www.cgagri.com/.
Safe Harbor Statement
This press release contains forward-looking statements 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 and business conditions, development, market acceptance, additional competition from existing and new competitors, changes in technology, 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 regulation.