Prosperous Agriculture Signs Joint Development and Exclusive Agency Agreement with Luxi Chemical
SHENZHEN, China, Oct. 23, 2012 /PRNewswire/ -- Uni Core Holdings Corporation (OTC Bulletin Board: UCHC), a Hong Kong based holding company, is excited to announce that Prosperous Agriculture Company Limited ("Prosperous Agriculture"), one of UCHC's subsidiaries, has signed an agreement with Luxi Chemical Group Co., Ltd. ("Luxi Chemical") (Stock Code: 000830) to jointly introduce the Phyllite soil conditioner of EMCOM in Japan and its respective application technology to fertilizer, to develop "Luxi Shou Er", a brand of new compound fertilizer products, and to be exclusively distributed by Prosperous Agriculture in mainland China. Currently, the R & D Department of Luxi Chemical is stepping up the production of this new fertilizer, and the production side is preparing for the equipment installation. It is expected that this new product will be launched in the market around the New Year time.
Luxi Chemical is a large chemical group, ranking first in both production and sales of fertilizer in China for six consecutive years, with more than 16,000 employees and an annual output value of over RMB15 billion (US$2.4 billion). Luxi brand is a well-known trademark in China that has won the quality award in the Shandong Province.
Mr. Wang Fei, General Manager of Prosperous Agriculture, said that this cooperation between the most powerful production enterprise in the nation with the agricultural resources channel integration platform of Prosperous Agriculture helps complement respective advantages; the two parties will certainly play to their respective advantages, leading a new cooperation model with the agricultural resources manufacturers.
It is found that the fertilizer containing Phyllite soil conditioner has been widely used in Japan and Korea for many years; its effectiveness on agricultural products is obvious, it improves the soil quality, enhances the fertilizer efficiency, and achieves both high crop yield and high quality. Fertilizer applicability of decomposition report showed that the quality and technology of this soil conditioner are of international standard. The cooperation between Luxi Chemical and Prosperous Agriculture to introduce this advanced product and technology into China will certainly contribute to further increasing production and output of China's agricultural industry.
Mr. Wang Fei said, with the sales network of Prosperous Agriculture in China and its chain operation platform, it is likely that "Luxi Shou Er" leads to the revolution of Chinese fertilization by the Chinese farmers and create more than RMB70 million (US$11 million) worth of production in the first year for Prosperous Agriculture.
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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