BEIJING, Aug. 3 /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 China, today announced that the Company will host an analyst/investor event as well as a grand opening ceremony for its new production facility in Inner Mongolia, China on August 27-28, 2010.
The two-day event will begin with a field trip to a local village on August 27th where investors and analysts will have the opportunity to visit an independently owned Yongye branded store as well as meet with local farmers who are using the Company's Shengmingsu plant nutrient product to help improve their crop yields. In addition, Yongye will take investors and analysts on a tour of the Company's R&D facilities and existing production facility in Hohhot.
On August 28th, Yongye will celebrate the grand opening of its new production facility, which will have an annual production capacity of 20,000 tons of plant nutrient and 10,000 tons of animal nutrient product. In addition, participants will be invited to visit the lignite coal resource project that the Company is acquiring, which is located nearby.
"We look forward to hosting interested investors and analysts for this two-day event in Inner Mongolia, China," stated Mr. Zishen Wu, Chief Executive Officer. "This event will allow investors and analysts to see the benefits of our Shengmingsu brand nutrient products up close by visiting local farms and meeting with local farmers who use our products. In addition, by visiting a Yongye-branded store in a local village, investors and analysts will be able to see firsthand the success of our extensive, growing, and highly scalable national distribution network in generating sales across the large agricultural market in China.
"We would also like to invite investors and analysts to attend the grand opening of our new production facility. The opening of our second production facility is an important milestone in our business development. We expect the new production facility to provide significant support to our continuous business expansion throughout China in the next several years. This event will also enable investors and analysts to witness our vertical integration strategy in action with a tour of the lignite coal resource project we are acquiring. We look forward to seeing everyone in Inner Mongolia later this month and encourage interested investors and analysts to attend."
Please RSVP for this event by August 16, 2010. To RSVP please contact Ms. Wendy Xuan at Yongye International or Ms. Karen Ji at CCG Investor Relations. Their contact information is listed below:
Yongye International
Ms. Wendy Xuan
Phone: +86 150 1011 5609
Email: wendy.xuan@yongyeintl.com
CCG Investor Relations
Ms. Karen Ji
Phone: +86 21 3133 5072
Email: Karen.Ji@ccgir.com
About Yongye International, Inc.
Yongye International is a Chinese agricultural nutrient company headquartered in Beijing, with its production facilities located in Hohhot, Inner Mongolia, China. Yongye 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 and patent pending formulas and proprietary extraction processes 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 independently-owned Yongye branded stores 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 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
Email: crocker.coulson@ccgir.com
Athan Dounis, Account Manager
Phone: +1-646-213-1916
Email: athan.dounis@ccgir.com