LAIZHOU, China, Aug. 31 /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 its operating subsidiary company in China, Shandong Zhouyuan Seed and Nursery Co., Ltd. (“Zhouyuan” or “the Company”), had signed a new sales and distribution agreement with Chongqing Lifeng Seeds Co., Ltd. (“Lifeng”) on August 11, 2007. Lifeng is authorized as exclusive sales agent to sell and promote in Chongqing city the “Zhouyuan 20”, a product of Zhouyuan corn seed and has promised not to sell any other seeds of the same series provided by other companies in this region.
According to this agreement, Zhouyuan guaranteed Lifeng the exclusive agent to sell “Zhouyuan 20” in Chongqing. In order to get the authorized agent to introduce, produce and sell such corn seeds, Lifeng would pay to Zhouyuan RMB 186,000 (or US$ 24,474). “Through this cooperation with Chongqing Lifeng Seeds Co., Ltd., the new established network in Chongqing area, we further strengthen our distribution capacity in such area,” says Mr. Wang Zhigang, President of SZSN, “We remain to deliver the most advanced products and specialized customer service to the Chinese farming community, and maintaining our leading position in the local agriculture industry, and that is our target. Our next strategy is moving aggressively to set the most efficient networks in order to lead the seed industry in China.”
Chongqing Lifeng Seeds Co., Ltd. specializes in the research, development, production, sale and distribution of hybrid seeds focused in Chongqing city. The Company owns or leases facilities in, among Yongchuan District in this city. As of 2007, Lifeng had more than ten proprietary hybrids currently in the market.
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.
