Prosperous Agriculture Achieved Great Success in their First National Distributor Recruitment Convention for its Patented Product
SHENZHEN, China, Sept. 5, 2012 /PRNewswire/ -- Uni Core Holdings Corporation (OTC Bulletin Board: "UCHC"), a Hong Kong based holding company, is excited to announce that Shaanxi Prosperous Agriculture Company Limited ("Prosperous Agriculture"), one of UCHC's subsidiaries, held its first National Distributor Recruitment Convention on August 31, 2012 for its exclusive national patent winning Sustained-Released Diammonium Phosphate in Xi'an, Shaanxi, and achieved great success with over US$1 million sales on site.
Around 100 strong agricultural resources dealers from China's provinces of Shaanxi, Shanxi, Henan, Shandong and Ningxia gathered together in the ancient city of Xi'an on August 31, 2012 to participate in the first distributor recruitment convention organized by Prosperous Agriculture for the national patent winning Sustained-Released Diammonium Phosphate. At the meeting, Mr. Thomas Lee, Chief Operating Officer of UCHC, gave a speech and introduced the strategic planning of UCHC and Prosperous Agriculture; Mr. Wang Fei, General Manager of Prosperous Agriculture, introduced the original intention to develop this product, the process and the related sales policies. The participants of the distributor recruitment convention were all attracted by this innovative new product and signed the agreement to confirm their distributor qualification. According to statistics, 41 customers signed contracts on site with a total volume of over US$1 million.
Mr. Wang Fei said, "Prosperous Agriculture has planned at least 4 promotion sessions by the end of the fiscal year of 2012 in order to promote this first-class and unique patented product in the nation. This is only the first session and we will organize three more in the next few months in Shaanxi and the northeastern provinces of China. Through these meetings, Prosperous Agriculture will quickly complete the distribution of this product in the appropriate regions of the nation. It is expected to bring in a sales revenue of not less than RMB50 million (around US$8 million) to Prosperous Agriculture by the end of this year.
About Uni Core Holdings Corporation (UCHC.OB)
Uni Core through its subsidiaries develops, manufactures and distributes environmental friendly paper and agricultural products based upon its proprietary technology and supply chains. The Company was founded in 1998 and is headquartered in Hong Kong.
APT Paper Group, a wholly owned subsidiary, headquartered in Shenzhen, Guangdong, China, was founded in November 1993. UCHC acquired 100% of APT in June 2010. Based upon proprietary technology, production, marketing and global supply chains, APT is one of the leaders of the modern environmentally friendly packing and honeycomb paper products industry in China. APT's products are produced from recycled materials and are recyclable. APT's products include honeycomb paper pallets, honeycomb paper panels, honeycomb paper cartons, honeycomb paper coffins, honeycomb paper cushions, paper slip-sheets, paper corner protectors and corrugated paper products. APT holds patents throughout the world on many of its products. Some of APT's customers include Wal-Mart, Costco, Sam's Club, Sony, Nokia, DHL, Haier, Hisense, among others.
Prosperous Agriculture, 51% of which is owned by UCHC, is headquartered in Xi'an, Shaanxi Province, China. Prosperous Agriculture manufactures and distributes agricultural brands and also establishes a national agricultural resources chain direct sales platform through the opening and acquiring of agricultural resources direct sales outlets and dealers, and by working with well-known manufacturers of agricultural products. Prosperous Agriculture integrated more than 2,000 agricultural resources.
Safe Harbor Statement:
Except for statements of historical fact, this document contains certain "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995, including, without limitation expectations, beliefs, plans and objectives regarding the development, use and marketability of the Company's products. Such forward-looking statements are based on present circumstances and on the Company's predictions with respect to events that have not occurred, that may not occur, or that may occur with different consequences and timing than those now assumed or anticipated. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, and are not guarantees of future performance or results and involve risks and uncertainties that could cause actual events or results to differ materially from the events or results expressed or implied by such forward-looking statements. Such factors include the Company's ability to raise capital to engage in operations, general economic and business conditions, the ability to successfully develop and market products, consumer and business consumption habits, the ability to fund operations and other factors that the Company has little or no control. Such forward-looking statements are made only as of the date of this release and the Company assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances. Readers should not place undue reliance on these forward-looking statements. Risks, uncertainties and other factors are discussed in documents filed from time to time by the Company with the Securities and Exchange Commission.
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SOURCE Uni Core Holdings Corporation
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