China Humic Acid Industry Association Selects China Green Agriculture, Inc. as the Top Manufacturer of Humic Acid Anti-drought Fertilizer Products
XI'AN, China, March 8, 2012 /PRNewswire-Asia-FirstCall/ --China Green Agriculture, Inc. (NYSE: CGA) ("CGA" or the "Company"), a producer and distributor of humic acid based compound fertilizers, blended fertilizers, organic compound fertilizers, slow-release fertilizers, highly-concentrated water-soluble fertilizers and mixed organic-inorganic compound fertilizers and agricultural products, such as top-grade fruits, vegetables, flowers and colored seedlings through its wholly-owned subsidiaries in China, today announced one of the Company's subsidiaries in China, Shaanxi TechTeam Jinong Humic Acid Product Co., Ltd. ("Jinong"), was selected by the China Humic Acid Industry Association ("CHAIA" or the "Association") as the top manufacturer of the humic acid anti-drought fertilizer products. The Association also recommended Jinong's humic acid liquid fertilizer products to the public as the model anti-drought fertilizer products.
Since the beginning of 2012, there has been little or no precipitation in Yunnan, a southwestern province in China. Such severe weather triggered a widespread drought and was threatening the yield of wheat crops in Yunnan. To confront this drought, the government stepped up its efforts to mitigate the adverse effect of the dry weather to agricultural production in Yunnan. As a part of these efforts, the Association, a nationwide non-profit organization sponsored by the government that functions as the humic acid industry's self-regulatory body, recommended the humic acid fertilizer's anti-drought and water conservation features and selected top six humic acid anti-drought fertilizer manufacturers to protect agricultural production.
The Association's opinion to select top manufacturers and recommend their products was based on its extensive and thorough research on and appraisal of hundreds of fertilizer manufacturers in China. Among the six humic acid fertilizer manufacturers selected by the Association, Jinong ranked the first. The Association recommended the enlisted six humic acid fertilizer manufacturers and their humic acid anti-drought fertilizer products to the Ministry of Water Resources, the Ministry of Agriculture, the Ministry of Science and Technology, State Flood Control and Drought Relief Headquarters and other professional drought relief institutions, such as China National Agricultural Technology Extension and Service Center.
"I am very pleased that the Association selected Jinong as the top manufacturer of humic acid anti-drought fertilizer products, and recommended Jinong's humic acid fertilizer products to fight drought," said Mr. Tao Li, Chairman and Chief Executive Officer of China Green Agriculture. "In view of the ongoing severe weather in Yunnan, we will actively deliver our humic acid anti-drought fertilizer products to the farmers in Yunnan. To better serve our customers, we are committed to expediting our development process and shortening the roll-out period for anti-drought products to help relieve the plight of the farmers in the drought affected areas."
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, Beijing Gufeng Chemical Products Co., Ltd. ("Gufeng"), Xi'an Jintai Agriculture Technology Development Company ("Jintai") and Xi'an Hu County Yuxing Agriculture Technology Development Co., Ltd. ("Yuxing"). Jinong produced and sold 152 different kinds of fertilizer products as of December 31, 2011, 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 22 provinces, four autonomous regions, and three central-government-controlled municipalities in the PRC. Jinong had 699 distributors in China as of December 31, 2011. 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 December 31, 2011, Gufeng produced and sold 313 different kinds of fertilizer products, and had 177 distributors in China. 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 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 regulation.
For more information, please contact:
China Green Agriculture, Inc.
Ms. Jane Zuo (English and Chinese)
Investor Relations Manager
SOURCE China Green Agriculture, Inc.