UCHC Chief Operating Officer/Chief Financial Officer Reaches Important Cooperation Agreement with Chairman of JEWON, Korea
SHENZHEN, China, Dec. 27, 2012 /PRNewswire-Asia/ -- Uni Core Holdings Corporation (OTC Bulletin Board: "UCHC"), a Hong Kong-based holding company, is pleased to report Mr. Kim, Chairman of Korea JEWON, together with Mrs. Kim, from Korea, joined by Mr. Thomas Lee, Chief Operating Officer & Chief Financial Officer of UCHC from Hong Kong, visited Prosperous Agriculture Company Limited ("Prosperous Agriculture") in Xian and later, its strategic partner, Luxi Chemical, in Liaocheng of Shandong, on Dec 14, 2012. Mr. Thomas Lee, Chief Operating Officer & Chief Financial Officer of UCHC is elated to announce that it has reached a series of cooperation plans.
Mr. & Mrs. Kim had a full day meeting with Mr. Wang Fei, General Manager of Prosperous Agriculture, in Xian. As owner of Korea "GOLDLITE" phyllite mineral resources, Mr. Kim highly appreciated the channel integration plan already implemented, the sales network across China and the marketing capabilities of Prosperous Agriculture in China, and agreed to authorize Prosperous Agriculture as the sole distributor of "GOLDLITE" phyllite products in mainland China. Mr. Kim looks forward to working with Prosperous Agriculture on a broader strategic cooperation in order to maximize the advantages of combining resources and marketing network. After having in-depth exchanges, Mr. Wang Fei expressed appreciation of the excellent application results of "GOLDLITE" phyllite in Japan for nearly 10 years. Mr. Wang further elaborated that China has 1.8 billion hectares of arable land, GOLDLITE phyllite products contain 144 various types of elements that crops require (especially gold and silver), which are critical resources to enhance the level of China's future agricultural development, to improve the utilization of conventional fertilizers, and to improve the soil quality. Prosperous Agriculture is very willing to apply its own marketing network for JEWON's world-class high-tech resources products. Mr. Wang Fei further said that he hopes to have the opportunity to cooperate with Korea JEWON to set up deep-processing plants in the continental part of China to better meet the needs of the Chinese market. After the meeting, both parties reached an agreement to import the first batch of 400 tons GOLDLITE phyllite of 100 microns, to arrive within 15 days.
In Liaocheng, Mr. Jiang Jitao, General Manager of Shandong Luxi Chemical phosphate compound fertilizer Group, warmly welcomed Mr. Kim, Mr. Thomas Lee, and Mr. Wang Fei. Accompanied by Mr. Jiang Jitao, they visited Luxi Chemical Industrial Park. Mr. Jiang said that Luxi Chemcial produced and sold 4 million tons of fertilizer annually, as the largest fertilizer production enterprise of China and the strategic partner of Prosperous Agriculture, Luxi Chemical fully supports Prosperous Agriculture to have exclusive right to produce, market and distribute "Luxi Shou Er", a product including the "GOLDLITE" phyllite of Korea JEWON. Mr. Jiang hopes the first batch of 400 tons of products can arrive and be put into production as soon as possible. Both Mr. Kim and Mr. Thomas Lee praised Luxi Chemical's structured operation, leading position in the industry as well as the huge scale of business. They further expressed that, with the support of Luxi Chemical, JEWON and UCHC shall endeavor to assist Prosperous Agriculture in the areas of resources supply and operations, respectively, to sell "Luxi Shou Er" across China as soon as possible in order to achieve rapid growth.
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 has also established 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:
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The sales of any private securities mentioned above were made in reliance upon Rule 506 of Regulation D and Section 4(2) of the Securities Act of 1933, as amended (the "Act") and such securities have not been registered under the Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
This press release contains forward-looking statements within the meaning of the federal securities laws, including statements concerning product development activities and sales and licensing activities. Such forward-looking statements are not guarantees of future performance, are sometimes identified by words of condition such as "should," "could," "expects," "may," or "intends," and are subject to a number of risks and uncertainties, known and unknown, that could cause actual results to differ materially from those intended or anticipated. Such risks include, without limitation: that financings will be insufficient for the Company's needs; that the economy may worsen; that the market will not respond positively to our business model or decisions; challenges arising from competition, problems encountered in commercializing our products; roadblocks experienced in sales and marketing activities, longer than expected sales processes, difficulties in recruiting knowledgeable and experienced personnel, and problems securing the necessary financing to continue operations should revenues not be sufficient to offset expenses. Further information concerning these and other risks is included in the Company's filings with the Securities and Exchange Commission, including the Company's most recent annual report on Form 10K and quarterly reports on form 10Q. The Company undertakes no obligation to update or revise such forward-looking statements to reflect events or circumstances occurring after the date of this press release.
SOURCE Uni Core Holdings Corporation
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