Yongye International Receives China Corporate Integrity Award
BEIJING, March 21, 2011 /PRNewswire-Asia-FirstCall/ -- Yongye International, Inc. (Nasdaq: YONG) ("Yongye" or the "Company"), a leading agricultural nutrient company in China, today announced that the Company's operating affiliate, Yongye Nongfeng, received the 3rd annual "China Corporate Integrity Award" (the "Award") on March 15, 2011.
The Award was bestowed by National Business Daily, Sohu.com, and over 20 domestic mainstream media organizations. Over 600 domestic enterprises were considered and there were 50 award winners. Yongye Nongfeng was recognized under the category of "Corporate Social Responsibility" and was the only award winner from the fertilizer/nutrient industry. Other award winners included Lexus, Peugeot Auto, Mengniu, LG, Lufthansa, etc. National Business Daily is a leading business media in China with a daily distribution volume of 150,000 copies. The full award results are officially listed on National Business Daily website at http://www.nbd.com.cn/zhuanti/315/m.html .
"We are honored to receive this high profile award on National Consumer Rights Day (March 15th is the National Consumer Rights Day of China)," stated Mr. Zishen Wu, Chairman and Chief Executive Officer. "Our corporate values are consistent with our mission of increasing the living standards of farmers and improving the quality of agricultural products. We will continue our efforts to help more Chinese farmers improve their harvests through the application of our products."
About Yongye International
Yongye International is a Chinese agricultural nutrient company headquartered in Beijing, with its production facilities located in Hohhot, Inner Mongolia, China. Yongye markets two lines of organic nutrient products: a liquid nutrient product which is sprayed on plants and a powder nutrient product which is added to animal feed. Both products are sold under the brand name "Shengmingsu", which means "life essential" in Chinese. The Company's patented and patent pending formulas and proprietary extraction processes allow it to create products that increase crop yields and improve the health of livestock. The Company sells its products primarily to provincial or regional level distributors, who then channel those products to a carefully selected network of independently-owned Yongye branded stores in China. For more information, please visit the Company's website at http://www.yongyeintl.com.
Safe Harbor Statement
This press release contains certain statements that may include "forward-looking statements." All statements other than statements of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including the risk factors discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on the SEC's website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these risk factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
CCG Investor Relations
Ms. Kelly Wang
Mr. Athan Dounis
Finance Director – Capital Markets
Ms. Wendy Xuan – Business Associate
Phone: +86-10-8232-8866 x 8827
SOURCE Yongye International, Inc.