LAIZHOU, China, Aug. 22 /Xinhua-PRNewswire/ -- Shandong Zhouyuan Seed and Nursery Co., Ltd. (OTC Bulletin Board: SZSN) (“SZSN” or “Parent Corporation”) which is incorporated in the State of Delaware, announced that it will expand its wheat seed production due to the aggressive demand in India and other countries in Southeast Asia.
It was reported by Bloomberg recently that because the domestic Indian wheat output was unable to satisfy local demand, India would import wheat from other countries for the first time in seven years. The report shows that India could import at least 500,000 tons of wheat this year, valued at approximately USD70 million. The analyst also states that, because the domestic wheat output slides even further in other Southeast Asian countries, imports could also possibly maintain the growing needs in those countries also. Such wheat purchases and imports can possibly raise the sales volume of Chinese agricultural companies, including SZSN’s operating subsidiary company in China, Shandong Zhouyuan Seed and Nursery Co., Ltd. (“Zhouyuan” or “the Company”). The analyst also points out that, India’s import demand on wheat seed will possibly impel the international wheat price to rise, thus the exporters will be the main beneficiaries.
Mr. Wang Zhigang, President of SZSN, stated, “The average wheat output in India is approximately 2.5 to 3 tons per hectare, while China is approximately 5 tons. We will use new hybrid seed technology in order to realize sufficient supply. Because short of cultivated area, and lack of fertilizer, the gap in wheat demand and supply will remain in such areas in the next few years, and this is a big chance for us.”
About Shandong Zhouyuan Seed and Nursery Co., Ltd.
Shandong Zhouyuan Seed and Nursery Co., Ltd. (SZSN) is the large-sized hi-tech corporation, which is incorporated in the State of Delaware under the laws of United States. SZSN, through its operating subsidiary, Shandong Zhouyuan Seed and Nursery Co., Ltd. (“Zhouyuan”), to grow, produce and market the seeds with high starch content for use in industrial food production in China. Zhouyuan was organized in 2001 in China under the laws of the People’s Republic of China, which is located in Laizhou, Shandong province. Its business covers the agriculture seeds development and distribution over more than twenty provinces in China. Now Zhouyuan ranks as one of the top three seed producers in the Laizhou District, which is known as the “Seed Valley of China”.
Safe Harbor
A number of statements referenced in this Press Release, and in our website, are forward-looking statements, which are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, and within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, and goals, assumption of future events or performance are not statements of historical fact and may be “forward-looking statements.” Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this Release may be identified through the use of words such as “expects,” “will,” “anticipates,” “estimates,” “believes,” or statements indicating certain actions “may,” “could,” or “might” occur. Such statements reflect the current views of Shandong Zhouyuan Seed and Nursery Co., Ltd. with respect to future events and are subject to certain assumptions, including those described in this release. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products, services, and technologies, competitive market conditions, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses, and other factors. The actual results that the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties.
Shandong Zhouyuan Seed and Nursery Co., Ltd. does not undertake any responsibility to update the “forward-looking” statements contained in this news release.
