XI'AN, China, Nov. 6, 2015 /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 subsidiaries in
China, i.e.: Shaanxi TechTeam
Jinong Humic Acid Product Co., Ltd. ("Jinong") , Beijing Gufeng
Chemical Products Co., Ltd. ("Gufeng"), and Xi'an Hu County Yuxing
Agriculture Technology Development Co., Ltd. ("Yuxing"), today
announced that it retained 33 new distributors in its first fiscal
quarter ended September 30, 2015.
During this quarter, Jinong has 127 fertilizer products
available in market. Jinong brought on board 27 new distributors
during this quarter, and now has a total of 1,037 distributors.
Gufeng currently has 332 fertilizer products available in
market. During the quarter, Gufeng engaged six new distributors,
and now has a total of 288 distributors.
"We are now offering 459 fertilizer products via a network of
1,325 distributors nationwide. I am
proud of our marketing team and the online sales system --
900nong.com. With the marketing team's strong ability and the convenience provided
by 900nong.com, our distributor
numbers increased significantly during this quarter," said Mr. Tao
Li, Chairman and CEO of the Company, "We look forward to further
expanding our distribution footprint 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 127
different kinds of fertilizer products through 1,037 distributors
as of September 30, 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 288 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, the foreign exchange risk amid the unexpected
announcement by the PRC government in August
2015 sending the yuan to a 3% devaluation 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.