Deyu Agriculture Corp. Subsidiary Detian Yu Named One of the Top 10 Grain Processing Enterprises by China Food Industry Association
BEIJING, April 26, 2012 /PRNewswire-Asia-FirstCall/ -- Deyu Agriculture Corp. (OTCQB: DEYU.PK) (the "Company"), a vertically integrated producer, processor, marketer and distributor of organic and other agricultural products made from corn and grains, announced today that its wholly-owned subsidiary, Detian Yu Biotechnology (Beijing) Co. Ltd., was selected as one of the Top 10 Grain Processing Enterprises in China by the China Food Industry Association at the 15th Chinese Food Forum in Beijing.
"We greatly appreciate the recognition of the China Food Industry Association and we will strive to uphold our accolade by continuing to provide wholesome, delicious grains to our consumers," said Jianming Hao, Chief Executive Officer and Chairman of Deyu.
Detian Yu is engaged in the wholesale and retail distribution of simple processed and deep processed packaged and unpackaged food products and a significant contributor to Deyu's bulk trading division.
Mr. Hao also commented, "For us, a key element of the Forum was the discussion on the 'Guidelines on Social Responsibility of Cereals and Oils Enterprises', which urges companies to ensure product quality and safety, as well as to establish modern, environmentally friendly practices. At Deyu, we will continue to utilize our advanced equipment, technology, and processing techniques, along with ecological farming practices, to provide the highest quality grain products. At the same time, we will also look to take advantage of market opportunities, resource integration, structure adjustments, and alliances to further distinguish ourselves as a leader in China's agricultural sector."
About Deyu Agriculture
Deyu Agriculture Corp. is a vertically integrated producer, processor, marketer and distributor of organic and other agricultural products made from corn and grains operating in Shanxi Province of the People's Republic of China. The Company has access to over 109,000 acres of farmland in Shanxi Province for breeding, cultivating, processing, warehousing and distributing grain and corn products. Deyu has an extensive wholesale network in over 15 provinces and a retail distribution network of approximately 20,000 supermarkets and convenience stores in 29 provinces across China. Deyu's facilities include advanced production lines and modern warehouses with a total production capacity of over 105,000 tons for grain products, storage capacity of over 100,000 tons and annual turnover of 700,000 tons for corn products. The Company's website is located at www.deyuagri.com.
Safe Harbor Statements
This press release contains forward-looking statements made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward looking statements are based upon the current plans, estimates and projections of Deyu's management and are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. Such statements include, among others, those concerning market and industry segment growth and demand and acceptance of new and existing products; any projections of sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in China, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Therefore, you should not place undue reliance on these forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: business conditions in China, general economic conditions; geopolitical events and regulatory changes, availability of capital, changes in the agricultural industry, the Company's ability to maintain its competitive position. Additional Information regarding risks can be found in the Company's quarterly and annual reports filed with the U.S. Securities and Exchange Commission at www.sec.gov.
Mr. Kevin Fickle, President
NUWA Group LLC.
Ms. Amy He, Acting Chief Financial Officer
Deyu Agriculture Corp.
Tel: +86-10-5224-1802 X389
Ms. Cynthia Yang, Assistant to Acting CFO
SOURCE Deyu Agriculture Corp.