XI'AN, China, July 8, 2015 /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, today announced that the
Company's previously announced online sales platform of basic agricultural materials has begun operation. The link to the online sales platform is
www.900nong.com ("900nong.com").
The business model of 900nong.com is analogous to
T-mall but specialized in selling basic agricultural materials. 900nong.com
also offers, among others things, agriculture information,
agricultural technology, bulk farm-products and land transfer
information. The purpose of building the platform is to provide
comprehensive services to rural residents from their farmlands to
their everyday lives all over the country. The 900nong.com mobile application
(app) is under intense development,
and is expected to become operational in autumn 2015. With the mobile app, customers will be able to enjoy 900nong.com's services
in a more convenient way.
Distributors of the Company can set up online shops on
900nong.com to promote the Company's products as well as other
kinds of products such as pesticides and seeds they distribute for
various manufacturers. In addition,
any interested companies and individuals are able to set up online
stores on 900nong.com to sell their products through the website.
Eventually, rural residents could purchase anything they need from
900nong.com, instead of traveling far to the physical stores
located in the city.
After more than three months of trial operations, as of July 8, 2015 a total of 289 stores were set up on
900nong.com, the total number of registered users reached
2,600 and the trading volume is over
RMB 3 million (almost 0.5million USD).
"I am glad that 900nong.com has
become operational," stated Mr. Tao Li, Chairman and CEO of
the Company, "and I am pleased to
see our distributors and other manufacturers are full of enthusiasm
to set up stores on 900nong.com. I believe with the new platform,
we have opened another door for our
sales project. Since E-commerce is becoming popular in rural
areas, 900nong.com is expected to
contribute a lot to the
Company's sales revenue."
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 121 different kinds of fertilizer products as of March 31, 2015, 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 978 distributors in the PRC
as of March 31, 2015. Gufeng, and its
wholly-owned subsidiary, Beijing Tianjuyuan Fertilizer Co., Ltd.,
are Beijing-based producers of
compound fertilizers, blended fertilizers, organic compound
fertilizers, and mixed organic-inorganic compound fertilizers. As
of March 31, 2015, Gufeng produced
and sold 332 different kinds of fertilizer products, and had 278
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)
+86-29-88266500
liuran@cgagri.com
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SOURCE China Green Agriculture, Inc.