XI'AN, China, Nov. 5 /Xinhua-PRNewswire-FirstCall/ -- China Green Agriculture, Inc. (OTC Bulletin Board: CGAG) ("China Green Agriculture" or "the Company"), a leading producer and distributor of organic humic acid ("HA") based liquid compound fertilizer through its wholly owned subsidiary, Shaanxi TechTeam Jinong Humic Acid Product Co., Ltd., today announced that it launched four new products under the Company's high-end brand, Jinong, in the quarter ended September 30, 2008.
The four new products, all of which are applicable to fruit plants, include Sanbao, Jinjia, concentrated Chongshifei and Chongshifei. All of these products are distributed via the Company's 486 individual distributors covering 27 provinces in China.
-- Sanbao - Sanbao is a nonpolluting fertilizer that has the ability to
reverse damage previously caused by harsh chemical fertilizers. The
product provides a variety of nutrient supplements, facilitates
photosynthesis and promotes budding. Sanbao also prevents the
yellowing of leaves and improves the ratio of male to female flowers,
resulting in higher pollination rates. Fruit grown using Sanbao will
be more resistant to cold and drought, and remain fresh for longer
periods of storage or transportation.
-- Jinjia - Jinjia fertilizer is highly concentrated, maximizing the
absorbability rate in plants to 100%. Jinjia promotes the synthesis of
fruit sugars and acids, improves fruit appearance, and enhances water
absorption through sand follicle cells. Use of Jinjia will promote
fruit growth and strengthen the connection between fruit and branches,
preventing premature dropping.
-- Chongshifei - Chongshifei improves fruit color and speeds growth by
10-30%, allowing it to reach the market five to seven days earlier.
The product also increases fruit thickness and lengthens shelf life.
-- Concentrated Chongshifei - Concentrated Chongshifei dramatically
improves soil conditions and inhibits the growth of soil-borne bacteria
which lead to root degradation. Chongshifei products also improve
fruit yields, increase vitamin and nutrient contents and hasten fruit
ripening by seven to ten days.
"We are pleased with our research and development team's continuing ability to introduce new products to address evolving market demand every quarter. Our high tech facilities have allowed us to quickly create new products with some of the shortest development cycles in the industry," said Mr. Tao Li, the Company's chairman and CEO. "What's more, our strong marketing and after sales support have allowed us to quickly generate revenue streams from new products, with these four fertilizers contributing almost $123,000 during the first quarter of our fiscal year."
About China Green Agriculture, Inc.
China Green Agriculture, Inc. produces and distributes humic acid ("HA") based liquid compound fertilizer through its wholly owned subsidiary, Shaanxi TechTeam Jinong Humic Acid Product Co., Ltd., ("TechTeam"). TechTeam produces and sells approximately 10,000 metric tons of over 100 different kinds of fertilizer products per year. All of TechTeam's fertilizer products are certified by the PRC government as green products and suitable for growing Grade AA "green" foods, also known as green products that contain little or no chemical materials, as stated by the China Green Food Research Center. TechTeam's fertilizers are highly concentrated liquids which require an application of approximately 120 ml per mu per application. Its average end user has approximately four mu of land (one mu = .165 acres).
China Green Agriculture currently markets its fertilizer products to private wholesalers and retailers of agricultural farm products in 27 provinces in the PRC. The leading five provinces by revenue for the fiscal year ended June 30, 2008 include Heilongjiang (9.53%), Shandong (7.55%), Anhui (6.71%), Xinjiang (6.52%), and Henan (6.51%). For more information, visit http://www.cgagri.com .
Cautionary 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, shipment, 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 Cautionary Statement and the risk factors detailed in the Company's reports filed with the Securities and Exchange Commission. 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.
