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Uni Core Holdings Corporation Announces That Prosperous Agriculture Will Open Three New Direct Sales Stores Shortly Prosperous Agriculture is on target to complete its Store Opening Expansion Plan

SHENZHEN, China, April 18, 2012 /PRNewswire-Asia/ -- Uni Core Holdings Corporation (OTC Bulletin Board: UCHC), a Hong Kong based holding company, announced that Shaanxi Prosperous Agriculture Company Limited ("Prosperous Agriculture"), one of UCHC's subsidiaries, will open three additional direct sales chain stores very soon.

As a leading advocate of agricultural resources direct sales chain model, Prosperous Agriculture is going to open three new direct sales stores in the region of Huxian and Zhouzhi County of Shaanxi Province on top of the current base of three direct sales chain stores.  One of the new stores has been completely renovated, another one is being renovated, and location of the third store is being considered carefully.  The management of Prosperous Agriculture confirmed that they should be able to meet the target of setting up 10 direct sales stores before the end of this year in order to continue to become the leader of agricultural resources direct sales chain of China.

Mr. Wang Fei, General Manager of Prosperous Agriculture, said, "The domestic sales of agricultural resources of China has been under a loose wholesale system with no control mechanism.  Prosperous Agriculture, as a pioneer as well as a practitioner of direct sales chain, on one hand, builds and implements standards through establishing company owned direct sales stores in the Shaanxi Province and controls the main channel for China's rural market, while, on the other hand, nurtures distributors outside the Shaanxi Province to join the Prosperous Agriculture system by way of training and counseling.  These distributors will be acquired upon the switch of conventional wholesale mode to direct sales chain model in order to achieve inter-regional expansion."  Mr. Wang further said, "Prosperous Agriculture will complete the target of establishing 10 direct sales stores, coaching 10 distributors outside the province and assisting the opening of 30 direct sales stores outside the province by this year end.  By then, the total sales turnover of Prosperous Agriculture may reach RMB15 million, becoming the largest agricultural resources retailer."

"We are confident that, through the self-establishment of industry standards, the rapid expansion via alliances, and the national coverage by way of counseling and acquisition, Prosperous Agriculture shall become the 'Home Depot' of China's rural market with 2 to 3 years of efforts, with 200 direct sales stores in the whole of China and a sales turnover exceeding RMB200 million," said Mr. Wang Fei with great excitement.

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.

For more information, please contact:

Mr. Zhou Caiyi

Tel: +852-2827-6898

Fax: +852-2827-6989

Email: ir@unicoreholdings.com

Web: http://www.unicoreholdings.com

 

SOURCE Uni Core Holdings Corporation



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