BEIJING, May 13, 2011 /PRNewswire-Asia/ -- Yongye International, Inc. (NASDAQ: YONG), a leading agricultural nutrient company in China ("Yongye" or the "Company"), today announced that the marketing team and General Manager of the National Sales Center of Yongye Nongfeng, the Company's main operating affiliate, received the "Jin Ding Award" at the 8th China Marketing Forum on May 13, 2011. Yongye's marketing team and General Manager, Mr. Nan Xu, won the awards for "Outstanding Marketing Team" and "Outstanding Marketing General Manager", respectively.
The China Marketing Forum is an annual forum now in its eighth year that is focused on the most successful marketing projects and professionals in the marketing field in China. The "Jin Ding Award" is widely recognized as the top award in China's marketing sector. Three other recipients received the "Outstanding Marketing Team" award. A total of seven individuals received the 2011 "Outstanding Marketing General Manager" award. The full award results are listed on the China Marketing Forum website at http://www.cmmo.cn/t-2011jd.
Yongye's marketing team was recognized for the effective implementation of its unique product distribution strategy in the Chinese rural market. Through its partnership with regional distributors, onsite technical support and services, and innovative branding strategy targeting individual farmers, Yongye's marketing team successfully developed Yongye's Shengmingsu brand into a premier agricultural nutrient product brand among thousands of villages in China, which has helped drive rapid business growth.
Mr. Xu was recognized for his important contribution in leading Yongye's marketing team in designing and executing Yongye's marketing strategy. As a seasoned marketing expert, Mr. Xu brought his successful marketing experience to Yongye and utilized the "Blue Ocean" strategy to help develop a comprehensive nationwide distribution channel that provides value to the large community of farmers in China.
"We are delighted to receive this high level acknowledgement in China's marketing field," stated Mr. Zishen Wu, Chairman and Chief Executive Officer of Yongye International. "We would also like to congratulate Mr. Xu and his team on receiving this high profile honor. The receipt of this award by Mr. Xu follows the receipt of the '2010 Person of the Year for San Nong' award bestowed on Mr. Baosheng Tong, Yongye's Chief Scientist, by China Central Television in January 2011. We believe the receipt of these awards by our top executives underscores the strength of the executive team at Yongye and the important role they play in the success of our business."
About Yongye International
Yongye International is a leading agricultural nutrient company headquartered in Beijing, with its production facilities located in Hohhot, Inner Mongolia, China. Yongye produces and markets two lines of organic nutrient products: a liquid nutrient product which is sprayed on plants and a powder nutrient product which is added to animal feed. Both products are sold under the brand name "Shengmingsu," which means "life essential" in Chinese. The Company's patented technologies and formulas allow it to create products that increase crop yields and improve the health of livestock. The Company sells its products primarily to provincial or regional level distributors, who then channel those products to a carefully selected network of over 26,000 independently owned, Yongye branded stores or directly to rural farmers and government farms in 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 immediate release, please contact: |
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Yongye International |
CCG Investor Relations |
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Ms. Kelly Wang |
Mr. Athan Dounis |
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Finance Director - Capital Markets |
Phone: +1-646-213-1916 |
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Phone: +86-10-8231-9608 |
Email: athan.dounis@ccgir.com |
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E-mail: ir@yongyeintl.com |
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Ms. Wendy Xuan |
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Business Associate |
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Phone: +86-10-8232-8866 x 8827 |
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E-mail: ir@yongyeintl.com |
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