XI'AN, China, Jan. 28, 2016 /PRNewswire/ -- China Green
Agriculture, Inc. (NYSE: CGA)("CGA"
or the "Company") which produces and distributes humic acid-based
compound fertilizers, other varieties of compound fertilizers and
agricultural products through its operating subsidiaries
in China, i.e.: Shaanxi TechTeam Jinong Humic Acid Product
Co., Ltd. ("Jinong") and Beijing Gufeng Chemical Products Co., Ltd.
("Gufeng"), today announced that it launched two new fertilizer
products and retained nine new distributors in its second fiscal
quarter ended December 31, 2015.
During the quarter, Jinong has launched two new fertilizer
products, and currently has 129 fertilizer products available in
market. Jinong also engaged seven new distributors during the same
quarter, and now has a total of 1,044 distributors.
Gufeng currently has 332 fertilizer products available in
market. During the quarter, Gufeng brought on board two new
distributors, and now has a total of 290 distributors.
"We are now offering 461 fertilizer products via a network of
1,334 distributors nationwide. I am very glad to see our team had
the strong ability in R&D and marketing development." said Mr.
Tao Li, Chairman and CEO of the Company, "Thanks for our advanced
online sales strategy, we look forward to further expanding our
distribution footprint with more product choices for clients in the
future."
About China Green Agriculture, Inc.
The Company produces and distributes humic acid-based compound
fertilizers, other varieties of compound fertilizers and
agricultural products through its wholly-owned subsidiaries, i.e.:
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"). Jinong produced and sold 129
different kinds of fertilizer products through 1,044 distributors
as of December 31, 2015, all of the products 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. Gufeng, and its wholly-owned
subsidiary, Beijing Tianjuyuan Fertilizer Co., Ltd., produced and
sold 332 different kinds of fertilizer products, and had 290
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: +86-29-88266500
Email: liuran@cgagri.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/china-green-agriculture-inc-launched-two-new-fertilizer-products-and-retained-nine-new-distributors-during-the-second-quarter-of-fiscal-year-2016-300211261.html
SOURCE China Green Agriculture, Inc.