SUINING, Sichuan, China, Feb. 9 /Xinhua-PRNewswire/ -- On February 8th, Suining Yinfa DAR Industrial Co., Ltd. (DAR Industrial), a subsidiary of Voice Diary Inc. (OTC Bulletin Board: VCDY), one of the leading industrialized agricultural corporations in China, extended the effective term of their Good Agricultural Practice (GAP) usage right agreement from five years to twenty years. With a contract signed with the sole owner of Dahurian Angelica Root (DAR) GAP certificate in China, Suining Yinfa Resources Development Shareholding Co., Ltd. (Yinfa Shareholding) aims at long-term sustainable development and promotion of DAR industry as well as increasing the value of Sichuan DAR industrial using GAP as the core. The extension of the usage term will benefit DAR Industrial in many ways.
GAP is a quality management standard for food production, which encompasses the planting of field crops, fruit and vegetables, breading of poultry, cattle and sheep, dairy cows, live pigs, and transportation of poultry and other animals. The promulgation and implementation of China's GAP is a strong push towards sustainable development of China's agricultural production. It will also help increase safety standards and international competitiveness of China's agricultural industries. GAP certification has also become an important condition for import/export of agricultural products subsequent to China joining the WTO. GAP standards for the Chinese herbal industry has already become the quality management standard for Chinese herb manufacturers, and serves as an authoritative example for the rest of China's agricultural industries. Companies that receive GAP certification benefit from lower market entry barriers, and increase their reputation for higher quality and safety standards.
The extension of DAR Industrial's GAP usage rights from five years to twenty years would increase the likelihood of long-term sustainable profitability for the company. DAR Industrial has worked as a close partner with Yinfa Shareholding in their Sichuan DAR GAP program, continuously investing and re-investing in the program. In order to strengthen and ensure longevity of this mutually beneficial relationship, Yinfa Shareholding has authorized DAR Industrial to form a partnership with Sichuan DAR under their nationally recognized federal GAP certification. Pursuant to the terms of the new partnership DAR Industrial will be given access to the intellectual property rights of Sichuan DAR GAP, partake in various joint-venture operations, and share earnings with Sichuan DAR.
DAR Industrial's extension of their authorized GAP certification term will have many benefits for the organization. President Wang Jiguang believes, "We can increase our operating earnings from the authorization directly. What's more, we can also develop further scientific research and product research based on the technology and intellectual property of Sichuan DAR GAP which will lead to further gains and even more economic benefit."
About the Company
Suining Yinfa DAR Industrial Co., Ltd. (DAR Industrial), a subsidiary of Voice Diary Inc. (VCDY), was incorporated on April 24, 2001. It is one of China's leading industrialized agricultural corporations. DAR Industrial has focused on the production and further processing of Dahurian Angelica Root (DAR), an herb that is widely used in China, and considered to be an important ingredient Chinese traditional medicine. DAR Industrial's business plan includes distributing DAR and its related products to exploit a large market demand in the areas of treatment of pain, swelling and pustule.
Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such proclamations about future expectations, including future revenues and earnings and all other forward-looking statements be subject to the safe harbors created thereby. Voice Diary, Inc. depends on outside resources to maintain its continuation. Since these statements involve risks and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.
For more information, please contact:
Office of Voice Diary Inc.
343 Suining Zhong Road, Suining, Sichuan, P.R. China
Website: http://www.chinanaturalresource.com
Tel: +86-825-2391788
