BEIJING, Dec. 2 /PRNewswire-Asia/ -- Yongye International, Inc. (Nasdaq: YONG), ("Yongye or "the Company") a leading manufacturer, developer and distributor of Shengmingsu brand plant and animal nutrient products in the People's Republic of China (PRC), today announced that the Company's business model, along with Yongye Group's other operations, was recognized as one of top ten in China, by Business Forum 2009 China - The Best Business Model Summit (the "2009 China Summit"), a consortium of business media organizations, academic institutions, and finance firms. Mr. Zishen Wu, Chairman of Yongye International, attended the awards ceremony on November 21, 2009.
The award consortium was composed of a group of top tier academic institutions, including Cheung Kong Graduate School of Business, Peking University International Graduate School of Management; finance firms, including Goldman Sachs, UBS, IDG, Merrill Lynch, Sequoia Capital, A.T. Kearney and Booz Allen Hamilton; and media outlets, including Business, a major Chinese business journal. Due to its achievements in establishing effective marketing channels in rural markets for its Shengmingsu branded plant and animal nutrients products, Yongye was recognized among other winners by the 2009 China Summit.
"We are truly honored to receive recognition for our unique business model and outstanding integrated marketing campaign in rural China," commented Mr. Wu. "We look forward to continuing to enhance our operations and efficiency to better serve farmers and further increase our brand recognition throughout China."
About Yongye International, Inc.
Yongye International, Inc., headquartered in Beijing, is engaged in the development, distribution and sales of Shengmingsu brand plant and animal nutrient products. The Company's patented and patent pending formulas and proprietary extraction processes allow it to create products that increase crop yields and improve the health of livestock. Its sole operating subsidiary, Inner Mongolia Yongye Nongfeng Biotechnology Co., Ltd., is headquartered in Beijing with administrative and sales offices located in Inner Mongolia, People's Republic of China. For more information, please visit the Company's website at http://www.yongyeintl.com .
Safe Harbor Statement
This press release contains certain statements that may include "forward-looking statements." All statements other than statements of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including the risk factors discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on the SEC's website (http://www.sec.gov ). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these risk factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
For more information, please contact:
Yongye International, Inc.
Mr. Larry Gilmore-VP of Corporate Strategy
Phone: +86-10-8232-8866 x8880
Email: larry.gilmore@yongyeintl.com
CCG Investor Relations, Inc.
Mr. Crocker Coulson, President
Phone: +1-646-213-1915 (New York)
Email: crocker.coulson@ccgir.com
Web: http://www.ccgirasia.com