Strengthens Distribution Network by Adding 17 New Distributors
XI'AN, China, April 22 /PRNewswire-Asia/ -- China Green Agriculture, Inc. (NYSE Amex: CGA; "China Green Agriculture" or "the Company"), a leading producer and distributor of 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 six new fertilizer products in the quarter ended March 31, 2008.
China Green Agriculture currently offers 131 different fertilizers in three broad product categories. The six new proprietary products include three broad spectrum products, Miao Qing, Miao Wang, Chongshifei II, and three functional products, Fu Guang Jia, Hong Jia, and Stabilized Growth Control for Cotton. In general, all Company products are classified as either broad spectrum, which can be applied to all crop types, functional, which have specific effects on crops, or tailored, which affect specific crops. All of these products are distributed via the Company's 511 individual distributors covering 27 provinces in China and are certified by the Chinese government as suitable for growing Grade AA "green" foods.
Miao Qing -- a new generation of products specifically developed to strengthen the immune system for transplanted seedlings. It stimulates root cell division, enhances photosynthesis and increases the immunity of new seedlings.
Miao Wang -- works as a medical treatment as well as a nutrition supplement for crops in general. It improves the overall development of the root system while increasing transplant survival rates and relieving the adverse effects from herbicides, pesticides and fungicides.
Chongshifei II -- improves the soil, increases soil permeability, and inhibits bacterial growth in the soil which leads to root degradation. It improves the survival rate of transplant and grafted seedlings and accelerates growth.
Fu Guang Jia -- promotes growth in crops by enhancing the absorption of nitrogen, phosphorus, and other nutrients. It reduces potassium deficiency and extends the shelf life of plants.
Hong Jia -- reduces harmful effects caused by cold and/or frigid temperatures. It reduces the falling rate of flowers and fruits, cracking and premature aging due to potassium deficiency and naturally regulates the supply of nutrients to strengthen plants and branch stems. It improves resistance to plant disease, cold, drought, lodging, and over-watering.
Stabilized Growth Control for Cotton -- a new generation of product promoting healthy growth of cotton by promoting pollination and protecting the flower and buds from falling. It also speeds up recovery after any damages to the cotton plant due to plant disease, drought, flood and lodging.
"Our research and development team continues to introduce new products to meet the growing demand for green foods while our rapid and efficient R&D processes brings our products to the market quickly," said Mr. Tao Li, the Company's chairman and CEO. "Our proprietary R&D platform coupled with our strong marketing and after sales support have allowed us to promptly generate revenue as we continue to expand our market share."
Distribution Network Update
Additionally, the Company announced that that it has signed agreements with 17 new distributors throughout the quarter ending March 31, 2009. The 17 new clients have increased the Company's regional distributor base to 511 individual distributors and have strengthened the Company's local market foothold in several provinces including Shangdong, Anhui, Guangxi, Yunnan, Fujian, Guangdong, Xinjiang, Hunan, Hubei, and Shaanxi. With the cooperation of distributors, the Company promotes and introduces its new and existing fertilizer products through television and print advertisements, award ceremonies, local meetings and educational workshops.
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 15,000 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 three months ended December 31, 2008 are Shaanxi (21.6%), Shandong (7.1%), Xinjiang (5.0%), Fujian (5.0%) and Guangdong (4.7%). For more information, visit http://www.cgagri.com .
About HC International, Inc.
HC International is a focused and dedicated organization that acts as a premier information resource for institutional investors, hedge funds, buy and sell-side analysts, small to large brokerage firms and accredited investors. HC International helps their clients companies package their corporate information in a clear, concise and consistent manner while facilitating introductions to the right investor at the most opportune time. HC International maintains offices in the U.S. and China. For further information, please contact HC International directly, or visit the Company's Web site at http://www.hcinternational.net .
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, 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
For more information, please contact:
China Green Agriculture, Inc.
Ms. Ying Yang, Chief Financial Officer
Tel: +1-626-623-2575
Email: yangying@techteam.com.cn
OR
HC International, Inc.
Ted Haberfield, Executive VP
Tel: +1-760-755-2716
Email: thaberfield@hcinternational.net
Web: http://www.hcinternational.net
