omniture

China Green Agriculture Responds to 'Research Report' in Shareholder Letter

2011-02-01 21:30 1459

XI'AN, China, Feb. 1, 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 that China Green Agriculture had provided its detailed rebuttal to a recent research report through a letter to its shareholders. For the complete letter, please refer to the following link at our website: http://edg1.vcall.com/irwebsites/cgagri/pdf/Letter_to_Shareholders_final_on_website.pdf

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. The Company routinely posts important information on its website.

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.

For investor inquiries, please contact:

 

 

 

 

China Green Agriculture, Inc.
Mr. Ken Ren, Chief Financial Officer
Tel:   +1-530-220-3026
Email: kenren@cgagri.com


 

 

Sitrick And Company
Tel: +1-212-573-6100


 

 

Michael Sitrick
Email: Mike_Sitrick@sitrick.com


 

 

Seth Faison
Email: Seth_Faison@sitrick.com

 

 

 


Source: China Green Agriculture, Inc.
Related Stocks:
NYSE:CGA
Keywords: Agriculture Chemical
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