June 21, 2013
/PRNewswire-FirstCall/ -- China Green Agriculture, Inc. (NYSE: CGA; "China Green Agriculture" 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 wholly-owned subsidiaries in
, today announced that one of the Company's wholly-owned subsidiaries organized under the laws of the PRC, Beijing Gufeng Chemical Products Co., Ltd. ("Gufeng"), was engaged by the Ministry of Agriculture ("Ministry") as a corporate participant in the Ministry-administered fertilizer promotion program.
The objective of this program is to promote the use of customized formula fertilizer for farming lands of various nutritional conditions nationwide, and targets to increase the farmers' awareness of opting for eco-friendly fertilizer products.
To be qualified for the program, corporate participants are required to assess if they can meet a number of criteria set by the Ministry in their application. These criteria range from the applicant's capacity of production to their capability to produce certain qualified formula products. In the application process, Gufeng was able to meet the criteria and the Ministry engaged Gufeng for the program.
"We are grateful for being able to participate in the Ministry's fertilizer promotion program," stated Mr. Tao Li, Chairman and Chief Executive Officer of the Company. "The work with the program will increase the use of Gufeng's products among the program's farmer participants."
About China Green Agriculture, Inc.
The Company mainly 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 Xi'an Hu County Yuxing Agriculture Technology Development Co., Ltd. ("Yuxing"). Jinong produced and sold 132 different kinds of fertilizer products as of
March 31, 2013
, all of which are certified by the PRC government 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 797 distributors in
March 31, 2013
. Gufeng, and its wholly-owned subsidiary, Beijing Tianjuyuan Fertilizer Co., Ltd., are
-based producers of compound fertilizer, blended fertilizer, organic compound fertilizer, and mixed organic-inorganic compound fertilizer. As of
March 31, 2013
, Gufeng produced and sold 317 different kinds of fertilizer products, and had 198 distributors in
. For more information, visit
. 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.