CHANGGE CITY, China, Dec. 26 /Xinhua-PRNewswire-FirstCall/ -- Zhongpin Inc. (OTC Bulletin Board: ZHNP) ("Zhongpin"), a leading meat and food processing company in the People's Republic of China ("PRC"), announced that it has received approval for listing on the Nasdaq Global Select Market.
Zhongpin plans to start trading on the Nasdaq Global Select Market from December 27, 2007. Nasdaq has reserved HOGS as the trading symbol for Zhongpin's common stock.
"We are extremely pleased to be approved to list our common stock on the Nasdaq Global Select Market," commented Mr. Xianfu Zhu, Chairman and CEO of Zhongpin. "Having our common stock listed on the Nasdaq Global Select Market is an important part of our goal to increase our profile in the international markets as we help advance the modernization of China's meat processing industry. We believe that our listing on the Nasdaq will increase our visibility and liquidity as well as expand our pool of investors."
About Zhongpin
Zhongpin is a meat and food processing company that specializes in pork and pork products, and fruits and vegetables, in the PRC. Its distribution network in the PRC spans more than 20 provinces and includes over 2,800 retail outlets. Zhongpin's export markets include the European Union, Eastern Europe, Russia, Hong Kong, Japan and South Korea. For more information, contact CCG Elite directly or visit Zhongpin's website at http://www.zpfood.com .
Safe Harbor Under the Private Securities Litigation Reform Act of 1995: Certain statements in this press release constitute forward-looking statements within the meaning of Federal securities laws. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are based upon the current beliefs and expectations of the company's management and are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: unanticipated changes in product demand, interruptions in the supply of live pigs/raw pork, downturns in the Chinese economy, delivery delays, freezer facility malfunctions, poor performance of the retail distribution network, changes in applicable regulations, and other information detailed from time to time in the company's filings and future filings with the United States Securities and Exchange Commission.
