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July 30, 2013 /PRNewswire-FirstCall/ -- China Green Agriculture, Inc. (NYSE: CGA; "CGA" or the "Company"), a company mainly produces and distributes humic acid-based compound fertilizers, other varieties of compound fertilizers and agricultural products through its wholly-owned subsidiaries in China, today announced that it launched five new fertilizer products and added 32 new distributors in the fourth quarter ended June 30, 2013.
Out of the five new fertilizer products, two new products were launched by Shaanxi TechTeam Jinong Humic Acid Product Co., Ltd, the Company's fertilizer operating subsidiary in
Shaanxi province ("Jinong") during the fourth quarter ended
June 30, 2013. The total number of Jinong's fertilizer products in use was raised to 134. During the quarter, Jinong added 29 new distributors (total 826 distributors) spreading over 17 provinces in
The other three new fertilizer products were launched by Beijing Gufeng Chemical Products Co., Ltd., the Company's fertilizer operating subsidiary in
Beijing ("Gufeng") during the fourth quarter ended
June 30, 2013. The total number of Gufeng's fertilizer products in use was increased to 320. Gufeng added 10 new distributors (total 208 distributors) during the quarter, with a rough sale volume 1.2 thousand metric tons of the new products.
"With the rollout of new products last quarter, we are now offering 454 fertilizer products to farmers via a network of 1034 distributors nationwide," stated Mr. Tao Li, Chairman, President and Chief Executive Officer of the Company. "We look forward to further expanding our distribution footprints with more product choices for clients in fiscal 2014."
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.: Jinong, Gufeng and Xi'an Hu County Yuxing Agriculture Technology Development Co., Ltd. ("Yuxing"). Jinong produced and sold 134 different kinds of fertilizer products as of
June 30, 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 826 distributors in
China as of
June 30, 2013. Gufeng, and its wholly-owned subsidiary, Beijing Tianjuyuan Fertilizer Co., Ltd., are
Beijing-based producers of compound fertilizer, blended fertilizer, organic compound fertilizer, and mixed organic-inorganic compound fertilizer. As of
June 30, 2013, Gufeng produced and sold 320 different kinds of fertilizer products, and had 208 distributors in
China. For more information, visit
http://www.cgagri.com. The Company routinely posts important information on its website.
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