XI'AN, China, Dec 19, 2014 /PRNewswire/ -- China Green
Agriculture, Inc. (NYSE: CGA; "China Green Agriculture",
"CGA" or the "Company"), a company that mainly produces and
distributes humic acid-based compound fertilizers, other varieties
of compound fertilizers and agricultural products through its
subsidiaries in China, Shaanxi TechTeam Jinong Humic Acid
Product Co., Ltd. ("Jinong"), Beijing Gufeng Chemical Products Co.,
Ltd. ("Gufeng") and a variable interest entity, Xi'an Hu
County Yuxing Agriculture Technology Development Co., Ltd.
("Yuxing"), today announced that the Company concluded its
three-day national distributor conference. The conference was held
from December 15, 2014 to December
17, 2014 in Xi'an (the
"Conference").
More than 80 distributor representatives of Jinong and Gufeng,
and 40 management members and staff of the Company
attended the Conference. During the Conference, the distributor representatives visited
Yuxing to tour the planting base and visited Jinong factory to tour
the production facilities. At the Conference days,
the management of the Company had communicated with the
distributor representatives intimately for future cooperations. The
Conference attendees also gathered at the Company's corporate
office in Xi'an for sessions of
convocations and seminars.
During the three-day Conference, the distributor representatives
were also particularly invited to tour the farm of Panlong Valley
where the Company showcases its products. Panlong Valley is one of
the planting and breeding contractual farms of 900LH.com. Food Co.,
Ltd. ("900LH.com", previously announced as Xi'an Gem Grain Co.,
Ltd). 900LH.com is a subsidiary of the Xi'an Techteam Investment
Holding (Group) Co., Ltd, ("Techteam Investment"). It focuses on
the production and sales of high-end organic agricultural products.
Techteam Investment is a holding company owned and controlled by
Mr. Tao Li, Chairman and CEO of the Company. Panlong Valley is
located at Shiquan County, Shaanxi
Province, 150 miles southwest of Xi'an. A corporate video clip of 900LH.com and
Panlong Valley is available at
http://v.youku.com/v_show/id_XODM5MjQ2OTM2.html.
At the Conference, the Company introduced 900LH.com to the
distributor representatives. 900LH.com has contracted more than 200
planting and breeding farms globally. It may contract the farmers
from the contracted farms to use the Company's fertilizer. The
Company encouraged the distributor representatives to source new
farms for 900LH.com so to enhance the business expansion of both
the Company and 900lh.com. In the process, the distributors will be
incentivized for the additional sales of fertilizer they
introduce.
Separately, at the Conference, Mr. Tao Li, Chairman and CEO of
the Company promised to the Conference attendees that he would
personally gift his own wealth of 230,000 shares of the Company's
common stock to a number of selected outstanding distributors to
reward their performance, support and loyalty.
The Company also updated the development progress of the
Company's proprietary online sales platform of agriculture basic
material. The business model of such platform would be analogous to JD.COM but specialized in
agriculture basic material. Such platform is expected to be
operational from spring 2015. Distributors of the Company will be
able to set up stores on the platform to sell the Company's
products as well as else kinds of products such as pesticides and
seeds they distribute for various manufacturers. The Company will
compensate the distributors for their online sales performance of
the Company's products accordingly.
"I am happy for this distributor conference. I am happy for our
client's interests and enthusiasm in the platform plans and farms,
" stated Mr. Tao Li, Chairman and CEO of the Company, "I
believe the Company and our clients will make new development by
leaps and bounds from the Conference. Our eager desire to share the
Conference news with you is a reflection of how important the
Conference is to us, and to shareholders."
About China Green Agriculture, Inc.
The Company produces and distributes humic acid-farmd compound
fertilizers, blended fertilizers, organic compound fertilizers,
mixed organic-inorganic compound fertilizers, slow-release
fertilizers, highly concentrated water soluble fertilizers and
agricultural products, such as top-grade fruits, vegetables,
flowers and colored seedlings through its wholly-owned
subsidiaries, Jinong, Gufeng and Yuxing. Jinong produced and sold
125 different kinds of fertilizer products as of September 30,
2014, all of which are certified by the government of the
People's Republic of China (the "PRC") as Green Food
Production Materials, as stated by the China Green Food Development
Center. Jinong currently markets its fertilizer products to private
wholesalers and retailers of agricultural farm products in 27
provinces, four autonomous regions, and three
central-government-controlled municipalities in the PRC. Jinong had
961 distributors in the PRC as of September 30,
2014. Gufeng, and its wholly-owned subsidiary, Beijing Tianjuyuan
Fertilizer Co., Ltd., are Beijing-farmd producers of compound
fertilizers, blended fertilizers, organic compound fertilizers, and
mixed organic-inorganic compound fertilizers. As of September
30, 2014, Gufeng produced and sold 331 different kinds of
fertilizer products, and had 268 distributors in the PRC. For
more information, visit http://www.cgagri.com. The Company
routinely posts important information on its website.
Safe Harbor Statement
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995
concerning the Company's business, products and financial results.
The Company's actual results may differ materially from those
anticipated in the forward-looking statements depending on a number
of risk factors including, but not limited to, the following:
general economic, business and environment conditions, development,
shipment, market acceptance, additional competition from existing
and new competitors, changes in technology, the execution of its
ten-year growth plan, a satisfactory conclusion of the pending
securities class action litigation and various other factors beyond
the Company's control. All forward-looking statements are expressly
qualified in their entirety by this Safe Harbor Statement and the
risk factors detailed in the Company's reports filed with the SEC.
China Green Agriculture undertakes no duty to revise or update any
forward-looking statements to reflect events or circumstances after
the date of this release, except as required by applicable law or
regulations.
For more information, please contact:
China Green Agriculture, Inc.
Ms. Ran Liu (English and Chinese)
Tel: +86-29-88266383
Email: liuran@cgagri.com
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SOURCE China Green Agriculture, Inc.